Exploration

Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.

12 prospective parcels of land will be opened for tender across Queensland’s resource-rich Bowen and Surat basins between Blackwater and Goondiwindi.

The 2020 Somali licensing round – launched virtually due to Covid-19 – features up to 7 blocks up for bidding.

Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed two services contracts for the initial phase of seismic acquisition in the Rio Muni area.

The drilling programme for well 7321/8-2 S relates to the drilling of a wildcat well in production licence 719.

TGS has reported EBITDA of US$125 million in 1Q20, 1% above 1Q19.

Electromagnetic Geoservices' adjusted EBITDA for 1Q20 was negative US$0.8 million, up from negative US$1.2 million in 1Q19.

The project is taking place in the Viking Graben.

Well 30/2-5 S will be drilled from the West Hercules drilling facility.

Petrobras has discovered oil in the southeast area of the Búzios field and in the pre-salt of the Albacora field.

The ocean bottom nodes survey was carried out in the North West El Amal block, offshore Egypt.

The company is acquiring about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.

Cuts in the industry's investment budgets will leave only US$60 billion worth of greenfield tenders for contractors to compete for, the lowest in two decades, according to Rystad Energy.

The Norwegian oil and gas operator has announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect.

The survey in the North Sea is expected to commence later in 2Q20 and will have a duration of approximately 30 days.