Exploration

SDX Energy Inc., the North Africa focused oil and gas company, has spud its KSS-2 development well on the Sebou permit in Morocco.

Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval.

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block, and holds holds an option to purchase a working interest in the Orinduik Block.

During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet.

Erin Energy Corporation has announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

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.