Exploration

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round.

The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers.

Following the news of a major gas discovery in South Africa by Total SA, Jonathan Markham, Oil & Gas Analyst at GlobalData, offers his view on the find and the industry in South Africa.

GeoPartners, in partnership with the Petroleum Directorate of Sierra Leone, is pleased to announce a new 2D seismic survey offshore Sierra Leone to support the 4th Offshore Petroleum Licensing Round planned for later this year.

Total plans to follow up the discovery with 3D seismic and wells on up to four more similar prospects on the block, 11B/12B.

Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review.

"At 250 million boe, CNOOC Ltd’s Glengorm is the largest gas discovery in the UK since Culzean in 2008,” Kevin Swann, a senior analyst with Wood Mackenzie’s North Sea upstream team, said after CNOOC and its partner Total announced the discovery.

Following Glendronach in September 2018, Total announces a new significant discovery in the North Sea offshore UK, on the Glengorm prospect located in the Central Graben.

Europa has a 30% working interest in licence PEDL 180 in the East Midlands which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%).

Contracts for the Voyager Explorer and the Osprey Explorer have been extended.

The company now holds an operated 95% direct interest in the licence which contains the Arreton oil discovery and the Arreton South exploration prospect.

subset of the data over the offered license blocks will be available in advance of Gabon’s 12th offshore licensing round planned for June 2019.

CGG is extending its Gabon multi-client data footprint with a 9800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin.

The results are of an independent review prepared by GLJ Petroleum Consultants Ltd.