Exploration

The acquisition of Maersk Oil allows the Group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea.

In a still challenging market overall, the Group achieved a robust 22% growth in fourth quarter revenue year-on-year.

Tullow Oil Plc, Anadarko Petroleum Corporation, Kosmos Energy Ltd, and CEF (SOC) Ltd represent the companies with the largest licensing presence in Ghana, each participating in four blocks.

TAG Oil Ltd. has provided the following update with respect to TAG Oil’s operated Pukatea-1 exploration well located in the Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.

AWI will use the Sentinel HR on research projects it is conducting to record critical data about the relationship between geological activity and ecosystems in order to gain a better understanding of the Earth’s system.

Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$40 million and the project is expected to commence in the second quarter of 2018.

This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.

PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.

According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.

Recent developments bring new capabilities within each individual solution while offering increasingly integrated workflows from geology and geophysics to reservoir engineering.

Zion Oil & Gas, Inc. announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.

The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest.

Qatar Petroleum entered into an agreement with Total of France to acquire a 25% participating interest in the Exploration Block 11B/12B, offshore South Africa.