Exploration

The company has signed the contract for the exclusive exploration and development rights of the offshore block A5-A.

During the period the company maintained production levels in addition to recommencing onshore drilling and increasing offshore activity, resulting in a strong start to Q4.

TGS and Schlumberger today announced a new multiclient nodal seismic project in the US Gulf of Mexico.

The company has announced that it has completed drilling of the Pontoenoe-1 exploration well in Block 42 offshore Suriname.

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.