Exploration

The company has entered into an agreement to acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea.

The Ramform Sovereign is scheduled to mobilise for the survey in December and the contract has a total duration of approximately 50 days.

The company has announced a gas discovery in the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.

PETRONAS and its petroleum arrangement contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion boe of new resources for Malaysia in 2023.

A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.

PETRONAS’ subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.

A total of 48 development wells were drilled and 12 exploration and appraisal wells completed in 2022, according to the Wells Insight Report, published by the North Sea Transition Authority (NSTA) on 12 October.

The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.

The company forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.

The company has announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.

TGS has announced a northern extension to its previously announced Pontiac 3D Survey in the Midland Basin, Texas, US.

The well was drilled by the ‘Deepsea Stavanger’ drilling rig, about 25 km southwest of the Oseberg field in the North Sea and 150 km west of Bergen.

The machine learning models that have been developed can assist geologists and geophysicists in reconstructing missing well logs, making lithology predictions, calculating shale content, and mapping potential undiscovered reservoir areas.

Zion Oil and Gas has announced that the State of Israel has awarded Zion a new exploration license, named the Megiddo Valleys 434.