According to preliminary estimates the new find in the Cuenca Salina Sureste Basin may contain between 150 and 200 million boe in place.
The 437 km2 survey will be acquired in the NOAKA area, between Oseberg and Alvheim in the Norwegian North Sea.
Seismic processing tenders have been issued and, following review, a contract will be awarded shortly.
Sapakara South in Block 58 encountered 30 m of net pay of oil, in a good quality Campano-Maastrichtian reservoir.
The Whiptail-1 well encountered 246 ft (75 m) of net pay in high-quality oil bearing sandstone reservoirs.
The Egyptian Vulture prospect marks the first of an anticipated seven well exploration programme which will involve Longboat Energy over the next 18 months on the Norwegian Continental Shelf.
The survey area covers acreage included in the Malaysia Bid Round 2021 and fast-track results will be delivered in time for block evaluation.
THREE60 Energy Group has launched a new sustainability advisory service, which will be led by recently appointed specialists Guro Tveit, HSEQ and Sustainability Manager, and Anette Svendsen, Discipline Lead Sustainability.
The sale to BGP Inc. includes 18 000 nodes that will be deployed in 4Q21 on a large-scale, long-term, multi-vessel operation in the Middle East region.