Exploration

The drilling of Perseverance #1, the company's first exploration well in The Bahamas, has been suspended by the Covid-19 pandemic.

US onshore drilling and completion activities are being halted by Equinor.

Erlend Wild West is a 3900 km2 survey consisting of 1900 km2 of data acquired from the west of Shetland region, offshore the UK.

The new seismic datasets from Indonesia will be used to support the country's upcoming 2020 licensing round.

The company is to reduce CAPEX and exploration spending by 20% each for 2020.

The company is to sell its 49% equity stake in INOVA Geophysical Equipment Ltd. for US$12 million.

The additional work is estimated to be totalling 7 vessel months and will continue into 2Q20.

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.