Exploration

Rystad Energy has concluded that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion boe were discovered YTD.

The combined awards are valued at around US$60 million.

The Industry Technology Facilitator (ITF), in collaboration with Maersk Oil, Nexen, Shell, Siccar Point Energy, TechnipFMC and the Oil and Gas Technology Centre (OGTC), is leading a joint industry project (JIP) to investigate an alternative well foundation technology for subsea exploration and production wells.

The new licences provide further exploration potential around the Company’s Karish and Tanin development.

The company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.

CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38 000 line km over the Perdido Fold Belt.

ION has delivered a regional framework consisting of approximately 30 000 km of data over the Austral and Malvinas basins' relatively under-explored petroleum region.

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.

The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.

The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.

CGG has announced the delivery of the final time-processed data from its Northern Viking Graben multi-client 3D BroadSeis™-BroadSource™ survey. This includes 35 000 sq. km of subsurface images across the Norwegian Northern North Sea.

GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition contract by ONGC for the planned 2017/2018 field season.

Block 49 is an onshore block that covers a prospective but still rather unexplored area in the South West of the Sultanate bordering the Kingdom of Saudi Arabia.

380 square miles of fast-track data are now available, completing this portion of the project.

Comet Ridge Managing Director, Tor McCaul, said this transaction is a key step in unlocking significant value potential from the Galilee Basin.