The regulation covers matters such as the extension of the productive life of mature fields and the exploration of marginal and onshore fields along with investments in deep and ultra deepwater acreages.
The plan released by the Interior Department’s Bureau of Land Management revokes an Obama-era management system for a huge swathe of federal land on the western North Slope, the National Petroleum Reserve in Alaska.
Exploratory drilling has begun at the Shirotno-Rakushechnaya prospect structure, located to the north of the V.I. Grayfer field in the North Caspian Sea.
Spirit Energy has received permission to drill a wildcat well in production licence 780, about 5 km north of the Ivar Aasen field in the central part of the North Sea.
The pre-defined areas include blocks in the North Sea, Norwegian Sea and Barents Sea.
The agreement between the two companies includes the reprocessing and imaging of over 5000 miles2 of multi-client seismic data.
The announcement comes a day after Petrolia, a partner in the programme along with Concedo and Idemitsu Petroleum, had said that drilling would start by 19 June.
The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.
Wells 35/11-24 S and A will be drilled from the West Hercules drilling facility.
The Australian Petroleum Production and Exploration Association has said the legislation passed on Tuesday this week was a step in the right direction to help ensure that Victoria has ongoing secure supplies of natural gas.
The project is in support of the country's ongoing licence round, expected to close in the first half of 2021.
The company has said that is expecting the potential award of a marginal field to happen within 6 months of submitting a bid.
Wells 34/4-15 S and 34/4-15 A in production licence 882 will be drilled from the Deepsea Yantai drilling facility.
Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.
Gro Haatvedt will leave her executive role as VP of Exploration and Development at the end of September 2020 to become a Distinguished Advisor.