Exploration

Neptune Energy’s revised estimate of the indicative recoverable resources is 40 – 108 million boe, which will be subject to further detailed analysis and review.

The companies' agreement provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations.

The licensees will assess the discovery, about 15 km south of the Edvard Grieg field, with regard to a possible tie-in to the Solveig field.

The company expects that the acquisition, on behalf of an unnamed customer, will take place in the beginning of 3Q21.

The US$615 million deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf.

The newly established Aker BP UK has taken a 50% interest in licence P2511 on the UK Continental Shelf.

The well in licence VIC/P43 intersected a gross gas column of 69.5 m in the Upper Waarre Formation, including 62.9 m of net gas pay, with a gaswater contact intersected at 1990 m measured depth.

The contract covers consolidation of development, exploration and P&A activities in the Dutch and UK sectors of the North Sea.

Preliminary estimates place the size of the discovery between 12 and 19 million m3 of recoverable oil equivalent, corresponding to 75-120 million bbl of recoverable oil equivalent.

GlobalData's latest report, Morocco Exploration & Production, reveals that Morocco is on the brink of unlocking its gas potential - even though the country is not a major producer and imports most of its gas.

The grants are part of the Australian government’s Beetaloo Strategic Basin Plan to bring gas from the Beetaloo’s resources into the market by 2025.

The three-year donation provides students at Universiti Teknologi PETRONAS access to Halliburton Landmark’s DecisionSpace® suite of exploration and production software.

OGUK Sustainability Director Mike Tholen has responded to a story published recently in The Sunday Telegraph which suggests UK ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences.

The partnership allows iMbokodo, a women-led company, to advance energy exploration throughout Southern Africa with a focus on empowering local community development alongside every upstream project.

The crew is operating with an 80 000-channel 508XT land acquisition system, complete with QuietSeis® digital sensors, and 10 Nomad 90 Neo broadband vibrators in challenging desert terrain.