Exploration

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.

The agreement was made at the Russia-Africa summit in Sochi, Russia.

GlobalData identified Asia and Africa to be the second highest among the regions.

Aker BP has reported total income of US$723 (785) million and operating profit of US$196 (354) million for 3Q19.

The company has collected beam migrated data from the shallow-water shelf blocks of the Kwanza Basin.

The Etame field offshore Gabon was successfully drilled to a total depth of 10 260 ft and encountered both Gamba and Dentale oil sands.

The well in the UK Southern Gas Basin was targeting 220 billion ft3 of P50 gross resource, in an undrilled area 4 km east of the 500 billion ft3 Tolmount gas field.

ONGC's overseas explorer has recorded a gas discovery in Brazil's Sergipe Alagoas Basin and an oil discovery in Colombia's Llanos Basin.

The total number of registrants is a record for bids in the production sharing regime, surpassing the 16 qualified for the 4th Production Sharing Round, held last year.