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The programme was unveiled at DigEx 2020 in Oslo, Norway, where the company discussed how it is making use of digital technologies, including the latest cloud infrastructure, to reduce the time from “idea to discovery”.
Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
The licensing round comprises twelve blocks on offer in the Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea Conakry (MSGBC) Basin, offshore Senegal.
One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment.
The projects are valued at approximately US$42 million and are scheduled to occur primarily during 2Q20.
The company has announced that the Q10-A field offshore the Netherlands produced 258 million m3 of gas during 4Q19, compared to 203 million m3 in 3Q19.
The agreement with Colombia’s National Hydrocarbon Agency, the ANH, grants rights to reprocess existing data and acquire new 2D and 3D multi-client programmes offshore Colombia’s Caribbean coast.
The company is prioritising securing a partner to drill its flagship prospect in Ireland, the Inishkea prospect which lies on Frontier Exploration Licence 4/19 in the Slyne Basin.
2020 will be key as sector moves towards low-carbon future.
The 4-month survey will cover 2000 km2 of 3D in a shallow-water area of the Arabian Sea.
The company has announced that the Luiperd-1 well in block 11B/12B offshore South Africa is due to spud in 2Q20.
The 3D survey is taking place in the Vulcan Sub-basin, offshore north-west Australia.