Exploration
News
March 20, 2024
The blocks, situated offshore to the east of the Unguja and Pemba Islands within water depths between 500 m and 3,000 m, represent a large frontier area and form part of a five-year exploration road map.
News
March 18, 2024
The field has been tested to produce approximately 742 bopd from a single well. Through continued exploration, the proved in-place volume of the Qinhuangdao 27-3 oil field has reached 104 MMtoe.
News
March 18, 2024
The Bluefin well encountered approximately 197 ft (60 m) of hydrocarbon-bearing sandstone and was drilled in 4,244 ft (1,294 m) of water, Exxon said in a statement. Bluefin joins the more than 30 oil discoveries in the Stabroek block since 2015, Exxon added.
News
March 15, 2024
Drilling operations on PEL 83 encountered a significant column with light oil in reservoirs of high quality. The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged.
News
March 13, 2024
The joint venture between Harbour Energy, Aker BP and Sval Energi confirmed a natural gas discovery in well 15/9-25 in the North Sea.
News
March 12, 2024
The AREA OFF-3 license has substantial existing 2D and 3D seismic coverage, with two previously identified material prospects possessing currently estimated gross resource potential of up to 2 Bboe and up to 9 Tcfg.
News
March 11, 2024
TGS, in partnership with SLB and Petrobangla, has acquired a 2D multi-client seismic data survey that has widespread coverage across offshore Bangladesh, encompassing over 75,000 km2 across all 24 blocks on offer in the bid round.
News
March 08, 2024
The well was tested to produce an average of approximately 7,680 bpd and 0.52 MMcfgd. Through continued exploration, the proved in-place volume of Kaiping South oil field has reached 102 MMtoe.
News
March 08, 2024
The well encountered light oil, gas, and condensates in various intervals of Cenomanian age characterized by good to excellent permeability values. Preliminary assessments indicate potential resources ranging between 1 and 1.5 Bboe.
News
March 06, 2024
Chevron will pay to CEG $12.5 million cash on completion of the transaction. Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of $15 million net to CEG Uruguay.
News
March 06, 2024
Located within the prolific Orange basin, 200 km off the western coast of South Africa, Block 3B/4B covers an area of 17,581 km2. Block 3B/4B is adjacent to the DWOB license operated by TotalEnergies (50%) alongside QatarEnergy (30%) and Sezigyn (20%).
News
March 05, 2024
PETRONAS will drill the Sloanea-2 appraisal well starting in April 2024. A production test will also be carried out. The drilling platform is now drilling the Fusaea-1 exploration well in Block 52 and already drilled the first part of the Sloanea-2 well in February.
News
March 04, 2024
Following the completion of the well, the estimated recoverable volumes for the Adriana discovery have been revised upwards, from an initial 19-31 MMboe to a new estimate of 28-43 MMboe.
News
CNOOC reportedly hits significant discovery in world’s largest metamorphic rock field offshore China
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.
