Exploration

A total of 22 companies participated in Lease Sale 254, submitting US$108 587 185 in total bids.

The discovery was made in the Karabagh oilfield 120 km offshore.

The discovery was made at the Schwegenheim exploration well in the Rhine Valley.

The discoveries were made at the Evra and Iving exploration well, close to the Balder and Ringhorne field.

The reductions to the company’s 2020 capital budget will be primarily achieved by shifting from a six rig programme to one rig in the Bakken, which is expected to be completed by the end of May.

The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.

Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.

An XArray™ marine seismic acquisition project due to be carried out in the Asia Pacific region has been cancelled.

Fugro and the US National Oceanic and Atmospheric Administration Office of Ocean Exploration and Research are focusing on mapping deepwater areas of the US Exclusive Economic Zone (EEZ).

The UK Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year.

The company's backlog, from its new profile, at the end of February 2020 stands at US$537 million, up 34% compared to last year.

The companies have commenced operations on The Channel 3D survey in Lea County, New Mexico, US.

The project will be Shearwater’s first OBS remotely operated vehicle survey.

The second phase of the companies' ultra-long offset node project will extend the footprint of ultra-long offset data to the Northern Green Canyon protraction area.

Processing of the northern half of TGS's ocean-bottom node (OBN) multi-client survey in the Norwegian North Sea has been completed.