Exploration
News
March 22, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
News
March 13, 2024
Condensate gas ratios (CGR) are estimated between 14-22 barrels per million standard cubic foot (bbls/MMcfg) of gas from the Mukuyu-2 samples with a condensate API gravity of 50-60.
News
March 04, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in recently completed Mukuyu-2 / ST1 drilling campaign, preliminary compositional analysis from fast-tracked downhole reservoir fluid samples has confirmed a rich gas-condensate discovery in Mukuyu.
News
February 29, 2024
Aminex announced that interpretation of recently-acquired 338 km2 3D seismic dataset over the Ruvuma PSA has improved the in-place volumetrics for the Ntorya natural gas discovery and revealed a significantly higher resource potential in the wider license area than previously identified on the existing sparse 2D database.
News
February 25, 2024
The disciplined capital program allocates approximately $4.3 billion to drill and complete 600 net wells in EOG's domestic premium areas. Strong capital efficiency delivers 3% oil volume growth and 7% total volume growth, for ~$100 million lower year-over-year total direct investment in drilling and completion activity.
News
February 19, 2024
When drilling the well, OGDCL reached a total depth of 3,762 meters. Testing resulted in a production rate of 1.4 MMcfgs and 93 bpd of condensate.
News
February 11, 2024
Block Energy plc, a development and production company in Georgia, announced an Independent Engineering Report indicating over 1 Tct of 2C contingent natural gas resources in the Patardzueli and Samgori fields in license XIB with a Net Present Value of more than $500 million.
News
January 31, 2024
MetaBlue Land is an industry-first solution that connects every stage of a project, from planning through acquisition to data delivery, while monitoring survey progress in real time.
News
January 23, 2024
The proven geological reserves amount to 133.012 Bcm as validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and tight-sandstone gas field of over 100 Bcm in China.
News
January 12, 2024
Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from a survey conducted for Molecular in 2013/14.
News
January 09, 2024
The Menna-1 well was drilled vertically to a total depth of approximately 1,600 m. The well logs indicate hydrocarbons in the Al Khlata, Karim and Birba formations.
News
December 23, 2023
Extension of the permit is in line with the country’s drive to boost recoverable oil from current levels of 1.4 Bbbl, according to the statement.
News
December 10, 2023
Traders are more jittery than ever about the outcome of Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich regions in neighboring Guyana.
News
December 08, 2023
U.S. oil producers are about to ease up on their growth in capital spending, indicating that the pace of shale output may slow down after American production rose to record levels this year.
News
December 08, 2023
Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.
News
December 07, 2023
Four samples from the Mukuyu-2 well at the Cabora Bassa project showed the presence of natural gas, the company said in a statement.
News
November 20, 2023
(WO) — Ukraine's state-owned Naftogaz’s subsidiary Ukrgasvydobuvannya has uncovered a highly promising gas deposit in the Carpathians, previously believed to be exhausted, the company announced on Nov. 20.
News
November 13, 2023
The West African nation’s junta has sought bids from companies to identify potential areas and produce basic data that’d help attract investors, according to a tender published by state oil company Societe Nationale des Petrole.
News
September 26, 2023
The survey is designed to assist in the evaluation and horizontal development of multiple zones, including the emerging Barnett Shale, Mississippi Lime, and Devonian horizons, which are highly prospective with analogous play concepts having been proven just north of Pontiac in Andrews County.
News
September 26, 2023
Shale executives issued calls for the Biden administration to adopt consistent policies that will allow them to drill more. Failure to do so, they warned, will lead to tighter energy supplies and higher prices.
News
September 18, 2023
This exploration license 434, similar to Zion’s previous exploration licenses, will be valid for three years until September 13, 2026, with the option of four 1-year extensions, for a total of seven full years until September 13, 2030.