Exploration

The winning companies offered bids totalling US$724 million, the government said in official statements, and won the rights to explore for up to 13 years in areas of the South Atlantic.

The partnership aims to acquire large, high-margin oil and gas production and development assets across the Lower 48 states of the US.

The presence of gas clouds has been used as an effective exploration tool in prolific basins worldwide, contributing to the discovery of significant amounts of oil.

The Blackrock exploration well is located in the West of Shetland.

Tower Resources plc, the AIM-listed oil and gas company with a focus on Africa, has provided an update on its operations on the Thali block in Cameroon.

Baker Hughes, a GE company, has announced the introduction of its DELTA-TEQ™ low-pressure-impact drilling fluid.

The board of Caspian Sunrise has provided an update on developments at its flagship BNG Contract Area.

Sabah Shell Petroleum Company Ltd, a subsidiary of Royal Dutch Shell, has signed an offshore master service agreement (MSA) with BMT.

The integration of Wintershall and DEA is expected to be completed in approximately one year.

Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2800 km2, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 m.

Spectrum owns the world’s largest 2D library of seismic data.

The agreement with INA has been extended for a further six months to 1 November 2019.

Empyrean, Conrad Petroleum, and Coro Energy Plc have agreed the upcoming drilling programme in the Duyung PSC in the West Natuna basin, offshore Indonesia.

Agreements signed with the government of Namibia and NAMCOR will add approximately 7 million net acres to the company’s exploration acreage.

The contract is for the post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins.