Preliminary estimates place the size of the discovery between 3 and 10 million m3 of recoverable oil equivalents. The licensees will consider following up the discovery in an overall assessment of the area.
The project will take place in the Asia Pacific region.
Jaguar plans to utilise Emerson’s E&P software solutions for seismic and well data analysis amongst other areas.
More Exploration news
Beach Energy, Cooper Energy, Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy are the companies to have been awarded exploration licences by the South Australia State Government.
CGG GeoSoftware has collaborated with Alibaba Cloud to deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform.
The company will carry out the Brazil Nebula survey extension for CGG and a 3D scope for Oil India lasting 1.5 months, starting in 3Q20.
The Torngat survey covers approximately 3300 km2 and sits within Labrador Sea’s southern sedimentary basins, where frontier exploration has already successfully identified hydrocarbons.