Exploration

Neptune Energy has signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal offshore concession.

TGS has reported net segment revenues of US$232 million for 4Q19, a growth of 23% compared to US$188 million in 4Q18.

The Geoquip Marine survey vessel MV Investigator completed its survey at the NJOM-3 well site on the Thali block offshore Cameroon on 7 February 2020.

The government of South Africa has approved Africa Oil Corp's acquisition of a 20% participating interest in the Block 3B/4B Exploration Right from Azinam Ltd. by its wholly-owned subsidiary, Africa Oil SA Corp.

The results of the surveys in the Ceiba and Okume fields are due to become available in 4Q20.

The surveys will obtain critical seabed and sub-seabed information to facilitate the planning and emplacement of the Pecan subsea infrastructure and the FPSO ship.

The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.

The two companies are to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin.

The ultramodern data was acquired over blocks Z5-C and Z5-D and surrounding open acreage as part of a multi-client programme agreed between CGG and Mozambique’s Instituto Nacional de Petroleo (INP).

The survey will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.

80 trillion ft3 of shallow gas resources has been discovered within an area of 5000 km2 between Abu Dhabi and Dubai.

The programme was unveiled at DigEx 2020 in Oslo, Norway, where the company discussed how it is making use of digital technologies, including the latest cloud infrastructure, to reduce the time from “idea to discovery”.

Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.

The licensing round comprises twelve blocks on offer in the Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea Conakry (MSGBC) Basin, offshore Senegal.

One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment.