Exploration

Rystad Energy estimates the discovery to hold recoverable resources of around 70 million boe.

It is currently estimated that the Walyering prospects in Western Australia may contain up to 263 billion ft3 of gas and 6.3 million bbl of associated condensate.

The survey at block 11B-12B will be Shearwater’s first project offshore South Africa.

A study by Rystad Energy has concluded that offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies.

The survey will employ one Shearwater vessel and cover approximately 7300 km2 of the highly prospective Malvinas Basin, with operations set to commence in 4Q19 and run until 2Q20.

Esox-1 was drilled in 4609 ft (1405 m) of water and encountered approximately 191 net ft (58 m) of high quality oil bearing Miocene reservoirs.

The company has acquired a 20% interest in the exploration and production licence covering Block 56 onshore Oman.

South Sudan also announced at South Sudan Oil & Power 2019 that it would launch its first ever licensing round in 1Q20, putting up 13 onshore blocks for tender.

The project duration is approximately two months and is scheduled to commence in 4Q19.

Of the 38 global oil and gas discoveries made in 3Q19, six were located in Norway.

Located approximately 125 km offshore Mauritania, the Orca-1 well exceeded pre-drill expectations encountering 36 m of net gas pay.

The WZ 6-12 M1 exploration well is located in between the Weizhou 6-12 North and South Fields and is targeting the T40 - T42 stacked reservoirs.

The project will last approximately 1 month and commence in 1Q20.

Prior to the drilling of well 6506/11-11 S, the operator’s resource estimate for the discovery was between 3 and 21 million m3 of recoverable oil equivalents.

The 2D seismic acquisition programme in the Beetaloo Sub-basin in Australia's Northern Territory is expected to take 3 weeks to complete, after which the data will be processed.