Exploration news

Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands.

Equinor and Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share in Martin Linge (19%).

The company is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS).

The solids and production performance specialist for the oil and gas sector has announced a new contract with a major operator in the UKCS for a remote monitoring campaign.

The company has decided to proceed with the Maromba development project offshore Brazil and has signed an agreement to purchase the FPSO Polvo from BW Offshore.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information.

UK-based oil and gas subsea equipment specialist Express Engineering has announced a six-figure investment in new precision welding equipment and capabilities as it expands its sector operations to support customers.

The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.

Based on preliminary estimates the size of the discovery is between 25-50 million bbl of recoverable oil equivalent.