Exploration

Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.

The survey will provide the first 3D seismic data over blocks offered in Brazil's 17th Bidding Round, now scheduled for October 2021.

The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).

First images from the OBN Cornerstone 2020 multi-client survey are being made available in early 2021.

The survey will take place over the Jubarte field in the Campos Basin.

The conditional letter of award is for an exploration and appraisal project in Suriname’s Block 58.

The licensing round encompasses 136 blocks in the Norwegian Sea and the Barents Sea.

CGG will conduct merged reprocessing of surveys from many vintages, including towed-streamer and OBC seismic data from offshore Sabah and Sarawak, Malaysia.

The well was located within the Kobbe formation of the Polmak prospect.

Brunei Shell Petroleum Company Sdn. Bhd. has exercised the option to add exploration drilling of one deepwater well to the work scope of the Maersk Viking.

The contract has been awarded by Total, for an exploration survey covering 5000 km2 in the UDO Block Exploration area.

The Government of Liberia has announced an extension of the timeframe for the Liberia License Round, 2020.

Preliminary estimates place the size of the discovery between 8 and 30 million m³ of recoverable oil equivalent.

Beach Energy has announced a gas discovery at Enterprise 1 in licence VIC/P42(V) in the nearshore Victorian Otway Basin.

The total combined duration of the two surveys, awarded by Petrobras, is estimated around eight months.