Exploration
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.
News
December 26, 2023
Kristian Johansen, CEO at TGS, commented, “This project, for a major energy customer, further highlights the integral role OBN acquisition has in providing our clients improved seismic data quality and help them make better reservoir development decisions.”
News
December 22, 2023
The so-called Extended Continental Shelf covers about 1 million square kilometers (386,100 square miles), predominantly in the Arctic and Bering Sea, an area of increasing strategic importance where Canada and Russia also have claims.
News
December 21, 2023
Recent offshore ventures in Ivory Coast, Angola, and the Republic of the Congo have propelled European service providers to clinch major contracts, highlighting technological prowess in drilling, engineering, and subsea services.
News
December 18, 2023
This advanced data acquisition approach not only increases exploration success rates but also contributes to more efficient resource utilization, ultimately reducing operational risks and costs for clients.
News
December 15, 2023
TotalEnergies, in partnership with QatarEnergy and Petronas, have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname.
News
December 15, 2023
SBM Offshore has secured a $210 million revolving credit facility to finance the construction of Fast4Ward Multi-Purpose Floater (MPF) hulls, the company said on Dec. 15.
News
December 13, 2023
The updated recoverable resource estimate for the oil discovery in the Garn, Ile and Tilje formations is between 44 and 75 MMboe, while estimates for the underlying Åre Formation discovery are between 6 and 25 MMboe.
News
December 12, 2023
The presence of nearby hydrocarbon accumulations in older reservoirs, coupled with the evidence of oil charge to Upper Miocene units, provides great encouragement that the reprocessed ANG Block 16 dataset can lead to further exploration success.
News
December 10, 2023
(WO) — PTTEP has made significant back-to-back discoveries offshore Malaysia, the company announced on Dec. 7. These include new findings in three fields off Sarawak, Malaysia—Chenda-1 in block SK405B, and Bangsawan-1 and Babadon-1 in block SK438.
News
December 07, 2023
The Ramform Sovereign is scheduled to mobilize for the survey in December, and the contract has a total duration of approximately 50 days.
