The contract is for the post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins.
Following Santos' announcement on the confirmation of a significant gas resource at Corvus-2 appraisal well, Wood Mackenzie senior analyst Daniel Toleman provides commentary.
The well reached an intermediate TD of 4880 m approximately 7 days ahead of schedule.
More Exploration news
Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV.
The contract is for the support of Shell’s exploration campaign in Black Sea, Bulgaria, in partnership with Bulgarian operator Bon Marine.
GeoSoftware, part of CGG’s Geoscience Division, has renewed the donation of its HampsonRussell seismic reservoir characterisation software to CERENA/Instituto Superior Técnico (IST) University in Lisbon, Portugal.
The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.