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Exploration

 
 

ADNOC and Petronas announce strategic framework agreement

Under the terms of the agreement, ADNOC and Petronas will jointly explore opportunities for collaboration in the exploration, development, and production of conventional and unconventional hydrocarbon resources in the Emirate of Abu Dhabi.

 
 

Oil discovery made near Johan Castberg field

Recoverable resources at exploration well 7220/7-4 in production licence 532 are so far estimated at between 5 and 8 million m3 of recoverable oil, corresponding to 31 – 50 million bbl of recoverable oil.

 
 
 
 

Drilling begins at Dugong appraisal well

The Neptune-operated Dugong discovery, in Production Licence 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020.