Exploration

Third quarter production grew to approximately 360 000 bpd with 1 million bpd targeted by 2030.

The authorities have received applications from 26 companies in the Awards in Predefined Areas (APA) 2022.

Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows.

Gunnar Hviding, CEO, Resman AS, explains the advantages of tracer technology in the E&P industry.

The seven-figure contract, sees Polaris purchasing a 13 000-node system from innovative land STRYDE. The system will be used to acquire high-density subsurface data to enable cost-effective and efficient oil and gas exploration in Africa.

Neptune Energy and its partners have announced a new commercial discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea.

bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.

The company has launched its new, compact, Wellhead Plug Catcher, which is installed directly between the wellhead and the production choke.

This is the first unit Logan has delivered with a removable drum, which means the unit footprint can remain static on the vessel while the drums can be taken to a shore base for unspooling and respooling.

CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.

The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.

Ofelia is positioned in one of Neptune’s core areas and close to existing infrastructure. The well, 35/6-3 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling.

The Guyana investment strategy continues to yield positive results; additional exploration wells planned later this year, while production from two vessels currently operating offshore has exceeded their initial combined target of 340 000 bpd.

A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late Monday night.

A new feature used in the creation of GeoWells Brazil is an innovative core image interpretation workflow. This harnesses machine learning technology to predict core and thin section descriptions over hundreds of wells, and tens of thousands of images.