Exploration

Corridor has attributed the decision to a geotechnical analysis which revealed the play may be more gas prone than oil prone, as well as a failure to attract a joint venture partner.

Well CSo-85, in the Cañadon Salto field in Argentina, underwent an extended well test period which included 16 days of stabilised gas production at a variety of choke sizes from 6 to 14 mm, achieving a maximum rate of 2.5 million ft3/d at a tubing head pressure of 432 psi.

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round.

The discovery is currently estimated to contain 15 - 35 million bbls of recoverable oil equivalent.

CGG has completed acquisition of its Chickasha 3D survey in Grady and Caddo Counties, Oklahoma. CGG has also purchased the rights to the Ft. Reno 3D survey in Canadian County, adding to its continuously growing data library.

Mayan Energy believes that a sustainable rate of approximately 1.3 million ft3/d gas and 10-11 bpd of condensate at the Morris #1 well is achievable with potential for further upside.

Shell is the operator for production licence 373 S in the North Sea.

The intervals were discovered in the 801 side-track.

Shell Offshore, Inc. has announced a large, deepwater, exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). 

Faroe Petroleum has been awarded a new prospective exploration licence under the 30th Licence Round on the UK Continental Shelf.

Tamarama-3 now cased and suspended for fracture stimulation and flow testing.

"Our first quarter results are in line with expectations, with solid revenue growth and an improvement in our EBITDAs margin compared to the first quarter of 2017" – Sophie Zurquiyah, CGG CEO.

Ophir has announced that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.

Phases I and II of Coyanosa acquisition complete; data ready for processing.

SDX Energy Inc. has announced that it has spud its Kelvin-1X exploration well at South Disouq, Egypt.