Exploration

The new exploration discoveries are Capercaillie, which it a 100% owner of, and Achmelvich, which it has a majority stake in.

At least one well will be drilled to follow-up and appraise the Verbier oil discovery this year.

The well reached a total depth of 7717 ft MD in 22 days and ahead of schedule. First production from all three wells is expected March 2018.

Jersey Oil & Gas has announced that the co-venturers in respect of UKCS Licence P.2170, which contains the Verbier oil discovery and the Cortina prospect, have approved a work programme and budget for 2018.

Rose Petroleum plc has now completed the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley Unit which is part of its larger lease holding in the Paradox Basin, Utah, USA.

Pemex, ExxonMobil, Shell are among the drillers contemplating bids.

Confidence within the oil and gas industries has surged after a difficult three years, according to a survey by DNV GL.

Total has reinforced its position in deepwater Gulf of Mexico by signing an agreement with Samson in order to acquire Samson Offshore Anchor, LLC.

The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.

The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.

The new contract will have a duration of 25 years and is the first contract under the hydrocarbon law 05-07 for an oilfield in production.

Strong gas flows on test have confirmed a significant commercial discovery for Australia’s Po Valley Energy Limited at its new Selva gas field in northern Italy.

The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.

The 2018 Cameroon Licensing Round opened on 15 January 2018 and will close on 29 June 2018.

The awarded licences include four operatorships and production opportunities in Norway and the UK.