Exploration

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.

The country's Ministry of Mines and Hydrocarbons has signed a Ministerial Order granting oil and gas companies a two-year extension on their exploration programmes.

The Ehecatl-1 exploration well on Block 7, located in the Sureste Basin offshore Mexico, did not find reservoired hydrocarbons.

The project's crew is now demobilising to the North Sea for work in late 2Q20.

A joint venture, including PTTEP, Petronas, Repsol and Wintershall Dea, made the discoveries in the Salina Basin.

Ascent Resources is currently the only London-listed company to venture into the Cuban oil and gas market.

The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.