Exploration

The new plug-in functionality, called Geofacets for ArcGISÒ, gives geoscientists the ability to make more informed exploration decisions and reduce risk.

The Rungne exploration well 30/6-30 spudded on 19 October 2018 and was drilled to a total depth of 3469 m below sea level.

The company has provided a licence update on Frontier Exploration Licence 3/04, located in the southern Porcupine Basin.

The companies have signed a concession agreement to launch an unconventional gas exploration programme in the high potential Diyab play.

Interested international oil companies with an Africa focus can view the high-end data set in CGG data rooms in anticipation of the country’s 2019 licensing round.

The Norwegian Petroleum Safety Authority has given Spirit Energy consent to drill exploration wells 8/10-7 S and 8/10-8 S in production licence 405 in the North Sea.

Adam Pollard, senior research analyst with Wood Mackenzie’s sub-Saharan Africa upstream team, comments on the region's prospects.

The company has announced that Tower Resources (Namibia) Limited, a wholly owned subsidiary of Tower, has signed a new Petroleum Agreement with the Government of the Republic of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia, together with the National Petroleum Corporation of Namibia (10%) and ZM Fourteen Investment CC (10%).

The partnership brings together the expertise of both companies for the joint development of a variety of fit-for-purpose unmanned surface vessels (USVs).

The transaction combines two highly complementary businesses to create a leading provider of marine seismic solutions, including Ocean Bottom Seismic.

The Petroleum Safety Authority have given Equinor Energy AS consent for exploration drilling of well 36/1-3.

The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.

The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.

The company has announced that its 100% subsidiary Cue Exploration Pty Ltd, has executed an agreement with BP, Beach Energy Limited and New Zealand Oil & Gas.

The company has announced that the L53-DD1 exploration well encountered an interpreted, combined 26 m of net oil pay.