Exploration

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.

Representatives of PGNiG SA, the Ras Al Khaimah Petroleum Authority and RAK GAS LLC have signed an agreement whereby the Polish company is permitted to explore for and produce hydrocarbons in the emirate of Ras al Khaimah.

Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, Senior Oil & Gas Analyst at GlobalData, offers his view on their place within the company’s wider strategy.

The signing took place by H.E. Sh. Mohamed Bin Khalifa Al Khalifa, Minister of Oil of Bahrain and Chairman of the board of directors in NOGA, and Claudio Descalzi, Chief Executive Officer of Eni.

The companies have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate of Oman.

Europa Oil & Gas (Holdings) plc has provided its investors with the following update on its portfolio of multistage licences offshore Ireland and onshore UK.

Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.