Exploration

Bourbon will support exploration campaigns offshore Namibia and Sao Tomé.

The potential of the discovery can be preliminarily estimated at between 1.5 and 2 billion barrels of oil in place and between 1.8 and 2.4 trillion ft3 of associated gas.

Based on resources of 21 million boe and its proximity to the nearby Alba infrastructure, Wood Mackenzie assumes the discovery could be an ideal candidate for a short-cycle, high-return tie-back to the Ithaca-operated facilities.

The award marks the first time that a foreign fully owned subsidiary has been licensed by the Abu Dhabi Global Market to conduct oil and gas activities in the UAE.

The work is expected to commence in the first half of 2022 in direct continuation of the semi-submersible rig Maersk Discoverer’s contract with Shell Trinidad.

The discovery of the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 105 million barrels gross.

Frontera Energy Corp. and CGX Energy expect the Kawa-1 well to reach total depth in the first half of December 2021.

PGS has completed a survey of the Kraken field, operated by EnQuest.

The survey will be executed during 3Q21 for a multi-client company.

The drilling programme relates to the drilling of a wildcat well in production licence 882.

Africa Geophysical Services will use STRYDE’s nodes to obtain data for oil and gas exploration projects in Oman and Africa.

The Yoti West-1 Exp well is being drilled by the Valaris 8505 semisubmersible rig.

Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData.

The duration of the survey is approximately two months and will start in 3Q21.

According to preliminary estimates the new find in the Cuenca Salina Sureste Basin may contain between 150 and 200 million boe in place.