Exploration news

TGS and Schlumberger today announced a new multiclient nodal seismic project in the US Gulf of Mexico.

The company has announced that it has completed drilling of the Pontoenoe-1 exploration well in Block 42 offshore Suriname.

The company has signed on semi-submersible rig Mærsk Deliverer with Eni for an exploration well offshore Timor-Leste.

A letter of intent was signed in London by National Oil Corporation chairman Eng. Mustafa Sanalla, BP group chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi.

Equinor, ENI and Petoro have completed an appraisal well on the Cape Vulture discovery, and found a volume potential of 50 – 70 million recoverable barrels of oil.

The company has also announced a successful exploration well at Ewing Bank 910 field.

The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.

The company has announced that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5 - 9th November 2018.

The company provides a summary of results from the well, located in the Valley of the Lakes basin complex of central Mongolia.