Exploration

A Heads of Agreement has been signed with the Ministry of Oil and Gas of the Sultanate of Oman for the award to Total of an exploration license on Block 12.

Serica Energy has announced that exploration well 22/19c-7 in the central North Sea is not hydrocarbon bearing.

The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167 000 net deep acres.

The concession covers the Puesto Rojas block in Mendoza province, Argentina.

The Rolvsnes oil discovery is located in PL338C on the southern side of the Edvard Grieg field and is a fractured and weathered granite basement reservoir.

Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV.

The contract is for the support of Shell’s exploration campaign in Black Sea, Bulgaria, in partnership with Bulgarian operator Bon Marine.

The oil discovery was made in the second exploratory well H2, located in the block KG-OSN-2009/3.

GeoSoftware, part of CGG’s Geoscience Division, has renewed the donation of its HampsonRussell seismic reservoir characterisation software to CERENA/Instituto Superior Técnico (IST) University in Lisbon, Portugal.

The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.

The consortium of Bharat Petroleum Corp. Ltd and Indian Oil Corp. Ltd. will hold a 100% stake in the exploration phase to explore for and appraise oil and gas opportunities.

The introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData.

Following a record five years of sustained production rates of over 97%, CGG Multi-Physics finished 2018 with a production rate for Marine GravMag of over 99% for the second year in a row.

With nearly 70 years in mapmaking in America’s most prolific oilfield, Midland Map offers current and historical intelligence on Lease and Ownership, Producing Zones, Wildcat Maps, Base Maps, and various other maps found nowhere else on earth.

The company has successfully completed the Froskelår Main exploration well in licence 869 in the Alvheim area.