Exploration

News
May 10, 2024
Preliminary evaluation indicates gross recoverable reserves of 5 - 6 MMbbl of oil and approximately 14 MMbbl of oil in place.
News
May 08, 2024
This year, the APA acreage will be expanded by a total of 37 bocks in the Barents Sea and the Norwegian Sea. Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.
News
May 07, 2024
The plan is to drill two high-impact exploration wells as part of a work program in the area, with the first well expected to spud by the end of 2024. The agreement also provides Azule Energy with an option to become the operator of PEL85.
News
May 06, 2024
In its quarterly financial report, Talos Energy announced it expects to commence drilling the Katmai West #2 well in Q3 2024 to further appraise the field, potentially adding significant reserves.
News
May 03, 2024
The North Sea Transition Authority has announced the allocation of 31 new oil and gas licenses, marking a significant step towards reinforcing energy security in the UK, says Offshore Energies UK (OEUK).
News
May 01, 2024
The sole criterion for selecting a winning bid will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first six years of a nine-year license). The minimum bid for the parcels offered is $10,000,000 in work commitments.
News
April 30, 2024
Chevron will take an 80% operating working interest in an offshore block in Namibia’s Walvis basin, a promising new frontier that could yield massive amounts of undiscovered resources.
News
April 29, 2024
The Bunga Aster-1 well encountered approximately 17.5 m of oil-bearing sandstone with up to 46 m of potential oil column. Initial assessments indicate good reservoir characteristics.
News
April 26, 2024
In the past two years, TotalEnergies, Shell Plc and Galp Energia SGPS SA have made finds off the southwest coast of Africa that turned sparsely populated Namibia into a hotspot for exploration. While no field has yet been given the green light for development, hopes are high in the country that an economic boom similar to that seen in Guyana could be on the cards.
News
April 25, 2024
Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.
News
April 25, 2024
PEL 79 presents a unique opportunity to expand Sintana’s exposure to Namibia’s Orange basin, as it’s one of the last remaining licenses not operated by a private operator.
News
April 24, 2024
Rhino Resources holds operatorship of Block 2914A (PEL 85). This block in the Orange basin boasts significant potential. It is strategically located less than 20km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years. The block’s proximity to other international operators further underscores its strategic relevance.
News
April 24, 2024
TotalEnergies SE, Shell Plc and Galp Energia SGPS SA have made multiple finds offshore Namibia in the past two years. The government has said it would consider joining the group if the discoveries turn out to be significant.
News
April 22, 2024
Projects include oil platforms, maritime support vessels, cabotage vessels, and the sustainable disposal of units. Petrobras expects to create up to 100,000 jobs with this demand within the estimated project timeframe.
News
April 22, 2024
“The flows achieved during the well test have reached the maximum allowed limits of 14,000 boed, potentially positioning Mopane as an important commercial discovery,” Galp said in a regulatory filing on Sunday.
News
April 17, 2024
The latest Ringhorne North exploration well in PL 956 was successful with estimated recoverable resources of between 13 and 23 MMbbl of oil.
News
April 15, 2024
The Nong Yao-13 well was drilled to 5,399 ft measured depth and discovered just over 30 ft of new oil pay across several intervals. Additionally, two wells were drilled north of the Wassana oil field to identify sufficient oil volumes in this northern area of the block to justify a future development project.
News
April 10, 2024
At the end of Q1 2024, Electromagnetic Geoservices had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was taken out of warm stack on Feb. 29, 2024, and began mobilization for a fully prefunded multi-client survey in the North Sea.
News
April 10, 2024
Energean plc has completed the farm-in to Chariot Limited's acreage offshore Morocco and signed a rig contract with Stena Drilling Limited. Energean has paid $10 million cash consideration upon farm-in closing.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 08, 2024
While PGS didn’t reveal the exact location of the contract, recent finds in Namibia and Uruguay suggest the work will take place in these emerging exploration hot spots.
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