USD 94.0742

+0.49

EUR 99.9341

+0.14

Brent 89.05

-0.89

Natural gas 1.677

-0.01

1645

Discovery Well

Discovery Well

The first oil or gas well drilled in a new field.
The discovery well is the well that is drilled to reveal the actual presence of a petroleum-bearing reservoir.
Subsequent wells are called development wells.

Discovery well means a well the purpose of which is to establish the existence, position and form of hydrocarbon or geothermal water Reservoirs, and their quantity and quality, i.e. establish the existence of Geological Structures suitable for Underground Gas Storage and Geological Storage of Carbon Dioxide(CO2).