Exploration
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 17, 2024
Three license awards are in the North Sea (one as operator) and 10 in the Norwegian Sea (four as operator). Nine of the awards are new licenses, and four are area extensions to existing licenses.
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.
News
January 08, 2024
The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 km of new 2D seismic data acquisition, over 2,600 km of legacy seismic data processing, and 2,800 km2 of 2D-cubed processing as part of a multi-year contract originally awarded by PETRONAS in 2016.
News
January 02, 2024
Petrobras’ Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in three exploratory blocks, through a competitive process conducted by Shell.
News
December 27, 2023
TGS successfully acquired 2,400 km2 of OBN data within a span of 410 days, concluding the data acquisition process 20 days ahead of schedule.
News
December 27, 2023
The three licenses cover an area of approximately 8,700 km2 in the deep and ultra-deep waters of the Angolan offshore.
