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Aker BP announce exploration success in PL340 near Alvheim

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.

NOVATEK wins bid for the gas assets of ALROSA

PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.

NOVATEK Signed MOU with Saudi Aramco

According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.


Zion Oil and Gas encounters oil

Zion Oil & Gas, Inc. announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

Total enters two exploration blocks offshore Lebanon

The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.

More Exploration news

SDX Energy spuds KSS-2 development well

SDX Energy Inc., the North Africa focused oil and gas company, has spud its KSS-2 development well on the Sebou permit in Morocco.

Total enters exploration in Guyana Basin with three licences

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block, and holds holds an option to purchase a working interest in the Orinduik Block.

Erin Energy discovers Hydrocarbons in Oyo-NW Well

Erin Energy Corporation has announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.