Exploration

"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.

Aker BP recently delivered the first end of well report generated from AGR’s iQx system.

Cabot Energy announces that the Environmental Impact Assessment (EIA), which was submitted to the Italian Ministry of the Environment for the drilling of an exploration well on the Vesta prospect, offshore Sicily, has been approved by the Italian regulatory authorities.

The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for well 7221/12-1, cf. Section 15 of the Resource Management Regulations.

Cue Energy Resources Ltd has advised that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Australia Pty Ltd (BP), as announced on 13 October 2016, has been extended by 6 months until 25 October 2018.

Eco (Atlantic) Oil & Gas Ltd has provided an update on the processing and interpretation of its recently acquired 3D seismic on the Company’s Orinduik Block, offshore Guyana.

FairfieldNodal announced its acquisition of the Geokinetics, Inc. US multi-client data library.

ConocoPhillips has announced it has concluded its 2018 winter exploration and appraisal programme in Alaska.

Paul Dailly, Founding Partner and Head of New Ventures, Kosmos Energy shares his thoughts about the future of exploration.

Unit costs up 2% whilst operating cashflow rebounds and balance sheets strengthen.

Condor Petroleum Inc, a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan provides an update on the extension of the Zharkamys exploration contract.

The Petroleum Safety Authority have given Lundin consent to drill appraisal well 7220/11-5 S in production licence 609 in the Barents Sea.