Exploration

The company has announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay.

Following Carlos Treviño’s, Pemex CEO, announcement of two new discoveries, Manik-101A and Mulach-1, in Mexico’s shallow water opposite Tabasco state,

The company has signed on semi-submersible rig Mærsk Deliverer with Eni for an exploration well offshore Timor-Leste.

A letter of intent was signed in London by National Oil Corporation chairman Eng. Mustafa Sanalla, BP group chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi.

The company has confirmed that a contract has now been signed with Shell UK Limited granting three additional options on WilPhoenix.

Equinor, ENI and Petoro have completed an appraisal well on the Cape Vulture discovery, and found a volume potential of 50 – 70 million recoverable barrels of oil.

The current operator of the exploration site in West Sussex has safely finished a seven day well test of the horizontal well there.

The company has a 100% working interest. Upon a commercial discovery CNOOC has the right to participate in up to 51% working interest.

The company has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland.

The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5 - 9th November 2018.

The company provides a summary of results from the well, located in the Valley of the Lakes basin complex of central Mongolia.

The company received consent from the Department for Business, Energy & Industrial Strategy for its second horizontal shale exploration well at its Preston New Road site in Lancashire.

CGG has commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in the UK West Shetland Basin.

After signing a multi-year agreement with CGG, Terrafirma has become one of the first UK companies to include the latest-generation MotionMap UK data.