Exploration

The centre will provide geophysical, geological and reservoir technology and support to clients across the Middle East.

Will Scargill, Managing Analyst, Oil and Gas at GlobalData, a leading data and analytics company, offers his view on the effect this will have on the country’s oil sector.

The Aberdeen headquartered company’s ‘Active’ technology enhances its FiberLine Intervention (FLI) distributed sensing capability with an add-on package of electronic and optical sensors that capture single-point readings along the wellbore.

The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.

Government representatives from Senegal, Angola, Uganda, Ghana, Equatorial Guinea, Mozambique and Somalia promoted their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders.

No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.

The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.

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.