Exploration

News
February 26, 2024
The discovery of an additional 40 MMcmg now brings Bozhong’s proven reserves to 200 MMcmg, making it the largest metamorphic rock oil field in the world.
News
February 22, 2024
Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of working to verify its size, Ecopetrol found two previously unknown natural gas deposits, raising hopes that the country will still be able to expand its offshore gas production.
News
February 12, 2024
The survey is expected to have a contract value of approximately $2 million and should commence early March 2024.
News
February 12, 2024
Petrobras acquired a 45% stake in interest in blocks 10 and 13 and a 25% interest in block 11, located in São Tomé and Príncipe, Africa.
News
February 08, 2024
The oil giant said it will drill new wells west of the Liza discovery and close to Venezuelan territorial waters, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 07, 2024
The oil giant will drill the exploration wells west of the Liza field, which is producing oil, and closer to the border with Venezuela, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 05, 2024
Electromagnetic Geoservices ASA (“EMGS”) has been awarded a contract from Petrobras for a fully prefunded multi-client survey offshore Brazil. The survey is expected to start late March or early April 2024. The total contract value is approximately $11.7 million.
News
February 05, 2024
The oil and gas industry recently participated in the Gulf of Mexico Lease Sale 261, where blocks within the survey area attracted 16 winning bids and a total bid value of more than $40 million. The Engagement 5 dataset will support existing and new leaseholders as well as regional operators with the most technically advanced subsurface imaging.
News
February 04, 2024
The recoverable oil volume for the Cambriol G-92 discovery is estimated to be 340 MMbbl.
News
January 31, 2024
The round is a key part of the North Sea Transition Authority’s (NSTA) drive to support the oil and gas industry, which currently contributes around three quarters of domestic energy needs and, according to official forecasts, will continue to do so even as demand is reduced.
News
January 26, 2024
In AVO-2, Galp has also discovered a significant column of light oil in reservoir-bearing sands of high quality.
News
January 25, 2024
CGG has committed to reimaging over 5500 km2 of 3D seismic data in the complex eastern Columbus basin, using its proprietary TL-FWI imaging technology, which will deliver significantly improved seismic images and provide a better understanding of the geological systems in this underexplored part of the basin.
News
January 25, 2024
The blocks under the PSCs span across three regions offshore Malaysia comprising two blocks in offshore Peninsular Malaysia, three blocks off the coast of Sarawak and one exploration block and one DRO cluster situated off the coast of Sabah.
News
January 19, 2024
The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian Continental Shelf in the APA 2023 licensing round. For 17 of the licenses, Aker BP is also granted operatorship.
News
January 18, 2024
The new data set is relevant for companies seeking to establish a presence in the area and for existing operators aiming to refine their exploration strategies.
News
January 18, 2024
The awards include eight production licenses in the North Sea, 13 in the Norwegian Sea, and eight in the Barents Sea. Equinor is the operator of 14 of the awarded licenses, and a partner in 25.
News
January 18, 2024
The Philippines, which imports almost all its fuel requirements, has been trying to start oil and gas exploration in its territorial waters as a key local gas field nears depletion.
News
January 16, 2024
Equinor ASA was awarded 39 licenses, while Aker BP ASA received 27 and Var Energi ASA 16. Wintershall Dea was awarded 13 licenses and Poland’s PGNiG Upstream Norway AS 10.
News
January 11, 2024
Between 40 and 50 wells are expected to be completed, up from 34 last year, the Norwegian Offshore Directorate said Thursday. More than half of the 23 wildcat wells undertaken last year found hydrocarbons, it said.
News
January 10, 2024
The exploration well unveiled a “significant column of light oil in reservoir-bearing sands of high quality,” the company said. Galp will continue drilling operations at Mopane-1X to explore “deeper targets.”
News
January 09, 2024
lock 33 contains just six well penetrations, which have yielded two Oligo-Miocene oil discoveries, and is highly underexplored in comparison to the neighboring acreage.
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