Exploration

Australian geoscience company Frogtech Geoscience released a comprehensive new basement-focused study of the hydrocarbon-rich South China Sea and Gulf of Thailand; a geologically complex region.

A geological analysis of the Rockall area of the North Atlantic has revealed previously unknown insights that could lead to new oil and gas discoveries in the UK Continental Shelf (UKCS).

CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain.

Gulfsands Petroleum plc has announced that its subsidiary, Gulfsands Petroleum Morocco Limited, has been awarded an extension to its Moulay Bouchta Petroleum Agreement together with a revised work programme.

Subsidiary Chariot Oil & Gas Investments (Morocco), has been awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit, Morocco in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.

The Red Tank multi-client survey will be in the heart of the New Mexico portion of the Delaware Basin. This high-resolution 3D survey adds more than 300 square miles to the company’s regional contiguous database of 3000 square miles.

Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla have signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore Egypt.

The MultiClient FTG Programme includes airborne 3D Full Tensor Gradiometry (FTG) and magnetic survey data that will be undertaken over offshore Peninsular Malaysia, Sarawak and Sabah.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.

CGG has announced that the final processed time volumes (Orthorhombic Kirchhoff Pre-STM) from its recent Hobo 3D multi-client survey in the highly prospective Midland Basin are now available for license.

MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the fourth bid round in Hungary, doubling its exploration acreage in the country.

A Polarcus subsidiary has entered into a heads of agreement with SCF GEO AS, to charter a vessel on bareboat terms with delivery scheduled for March, 2017.

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following operational and corporate update.

ADUS DeepOcean, a subsidiary of DeepOcean Group Holding BV (DeepOcean), today announces the completion of ground breaking 3D laser survey offshore Ghana.

Reference is made to the stock exchange release issued on 16 December 2015 in which Polarcus Limited announced an award for a 3D marine seismic project in South America.