Exploration

Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.

The award is from an undisclosed company, with the project anticipated to start in 4Q21.

The wildcat wells were drilled in production licence 090 in the northern North Sea.

Hipp Creek 3D will add nearly 200 km2 of seismic data tying into existing TGS 3D seismic coverage within their core area of the Montney Basin in British Columbia, Canada.

Drilling at Longtail-3 offshore Guyana encountered 230 ft (70 m) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.

Jabillo-1 is the second of three exploration wells scheduled for drilling on the Canje block in 2021.

The survey covers existing lease blocks and open acreage in the prospective Orphan Basin.

Turkey has discovered 135 billion m3 of additional natural gas in the southern Black Sea, raising the total discovery in the region to 540 billion m3.

Both companies have confirmed their willingness to proceed with joint implementation of exploration and production projects in western Siberia, including the development of the Achimov, Paleozoic and Jurassic hydrocarbon deposits.

The companies will carry out exploration work at the North-Vrangelevskiy licence area located in the eastern part of the East Siberian Sea.

Completion of phase 2 of the 11 000 km2 UK Mid North Sea High 3D seismic survey, expected in mid-October, will increase the programme survey area six-fold.

Talos Energy has said that it expects the Tornado Attic well to produce approximately 8000 - 10 000 boe/d gross (approximately 80% oil) once online.

In order to maintain the same level of production in the mid-term, the country needs to stimulate the exploration sector and pour investments in less explored areas such as deepwater offshore T&T, says GlobalData.

The transaction follows Repsol's sale of producing assets in Russia, the cessation of oil production activities in Spain and the exit from exploratory activity in other countries.

GPR300 is specially designed for deployment in shallow waters down to depths of 300 m.