CGG provides 1Q20 financial update
The company has also suspended its full year 2020 financial guidance.
Exploration
Upland Resources and Baron Oil relinquish interests in UK offshore licence
The work commitment on Licence P2470 consisted of a small volume of 3D seismic reprocessing.
10 exploration wells in Norwegian Continental Shelf expected to be postponed by Covid-19 and low oil price
In January 2020 there were plans for approximately 50 exploration wells, but this has been reduced to 40 by the effects of the Covid-19 pandemic and low oil prices.
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Risk of suspension looms for top planned exploration wells, says Rystad Energy
At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the Covid-19 virus and the oil price war.
SDX Energy makes onshore discovery in Egypt
Drilling at the Sobhi well encountered 108 ft net of high-quality gas-bearing sands, with an average porosity of 20%, near the base of the Kafr El Sheikh formation.
Petrobras finds oil in Campos Basin
The oil was discovered in the exploratory Natator well in the Sudoeste de Tartaruga Verde block.
Global Petroleum to licence 3D seismic data from Namibia offshore block
The data covers the company’s Welwitschia Deep prospect and Marula lead.
Charlie-1 appraisal well confirms large condensate discovery in Torok Formation
The company has said however that Premier Oil has withdrawn from the project, as the well did not meet its pre-drill expectations.
Wintershall discovers oil at Bergknapp prospect
Initial recoverable resource estimates put the discovery at between 26 and 97 million boe.
More Exploration news
Oil discovery made in US Gulf of Mexico
The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.
TDI-Brooks completes West Africa offshore data acquisition for TGS
The company, under contract to TGS, has completed the offshore 'seep-hunting' surface geochemical analysis and geotechnical campaign of the MSGBC Basin.
SeaBird OBN surveys off West Africa cancelled
A client of SeaBird Exploration has cancelled two OBN surveys off West Africa due to the Covid-19 situation.
Covid-19 forces extension to closing date for Lebanon's second offshore licensing round
The new deadline for the closing date of Lebanon's ongoing second offshore exploration licensing round is 1 June 2020.
PGS completes acquisition on MC3D Kwanza Shelf survey offshore Angola
The latest Kwanza Shelf survey will provide key data for the Angolan 2021 Licence Round.
Apache and Total make oil discovery offshore Suriname
Sapakara West-1 was drilled to a depth of approximately 6300 m (20 700 ft), and successfully tested for the presence of hydrocarbons in multiple stacked targets.