Exploration

New discoveries in Ivory Coast and Angola reinforce Eni’s dual strategy of frontier exploration and near-field reserve growth in Africa.

The collaboration aims to introduce state of the art, innovative oil and gas technologies capable of meeting emerging market demands and significantly increasing the operational efficiency of the industry.

The agreement, which commenced in early 2026, covers inspection and technical staffing services in support of multiple upstream energy projects and emerging new energy initiatives in Colombia and beyond.

This marks a new milestone in HELLENiQ ENERGY’s upstream portfolio.

The strategic move strengthens Elemental Energies’ existing subsurface capability, creating an integrated and unrivalled team spanning geoscience, reservoir engineering, geochemistry and petroleum engineering.

TotalEnergies has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (Eight) and Maravilla Oil & Gas.

Rex International Holding Ltd, together with its subsidiaries, has announced that a discovery has been made in the “Knockando Fensfjord” prospect in the Brage Field.

As Angola reinvigorates its onshore basins through regulatory reform and flexible licensing, independent oil and gas companies are stepping forward to drive a new wave of inland exploration and production growth.

PT Elnusa Tbk (Elnusa), Indonesia’s leading integrated energy services company, continues to reinforce its technology and innovation edge by investing in next-generation nodal seismic systems to accelerate onshore exploration activities across the country.

Chevron’s South N’dola Platform in Angola delivered first oil in December. The milestone comes just over two years after construction on the platform began.

Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas.

Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.

Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.

US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.

With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.