Exploration

The discovery well Kenli 10-2-4 was drilled and completed at a depth of 1520 m, and encountered oil pay zones with a total thickness of approximately 27 m.

Lukoil has acquired a 25% participating interest in the Shallow Water Absheron Peninsula exploration project.

Appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname encountered non-commercial quantities of hydrocarbons.

The newly acquired data provides 3D data coverage to complement the existing 2D grid, enhancing geological and geophysical insights to explorers offshore Newfoundland.

Sercel will supply land seismic equipment for a 3D mega-crew survey in North Africa.

Based on preliminary assessments, there is uncertainty whether the reservoir in the Gomez prospect can be commercially produced and no estimate of recoverable volumes has been established at this stage.

Encouraging hydrocarbon shows have been encountered at the Alameda-1 exploration well from soon after the first casing point at 454 m, when moveable oil was reported at surface within the mud and cuttings samples.

Ramform Tethys is scheduled to commence acquisition during 4Q21, and it is planned to complete in 1Q22.

A Rystad Energy report shows that the seismic fleet’s hibernation is now over, as vessel utilisation has recovered to pre-Covid-19 levels in 3Q21.

Carnarvon Petroleum’s mid case recoverable volume estimate is 31 million barrels (gross, 2C contingent resource).

Lasting nearly 2 months, the approximately 890 km2 survey for Beach Energy will be conducted by the Geo Coral.

The project, for an unnamed company, will commence in early October 2021 and last approximately 1 month.

The results of the initial phase of the survey will be interpreted and, if required, a second geotechnical phase incorporating the collection of samples from the seabed will be undertaken before the end of the year.

IEC now plans to conduct stimulation work and commence production from the Kruh 26 and Kruh 25 wells in October 2021.

The two wells, north of the Edvard Grieg field, have confirmed a combined updated gross resource range of 12 – 60 million boe.