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Because of the new market reality, Rystad Energy now estimates that instead of rebuilding Angola’s lost output by 2029, the country will likely never manage to produce at current levels again.
Preliminary estimates place the size of the discovery between 3 and 10 million m3 of recoverable oil equivalents. The licensees will consider following up the discovery in an overall assessment of the area.
The latest issue of Oilfield Technology begins with a review of the Asia upstream sector.
Sasol was awarded Block 16/19 in 2005.
The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High, with first data available in 4Q20.
Wildcat well 7321/8-2 S was drilled about 110 km north of the Johan Castberg field and about 310 km north of Hammerfest.
Logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring.
The partners will be sharing operational and technological competencies for developing hard-to-recover oil reserves in the Orenburg Oblast region of Russia.
Global discoveries of conventional resource volumes reached just 4.9 billion boe in the first half of 2020, Rystad Energy estimates – the weakest-performing first half of the 21st century.
Beach Energy, Cooper Energy, Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy are the companies to have been awarded exploration licences by the South Australia State Government.
The exploration well drilled by Eni is located in the North El Hammad licence in the Nile Delta.
CGG GeoSoftware has collaborated with Alibaba Cloud to deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform.