The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.
Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.
Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.