Faroe Petroleum announces Rungne exploration well results
The Rungne exploration well 30/6-30 spudded on 19 October 2018 and was drilled to a total depth of 3469 m below sea level.
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The Rungne exploration well 30/6-30 spudded on 19 October 2018 and was drilled to a total depth of 3469 m below sea level.
The company has provided a licence update on Frontier Exploration Licence 3/04, located in the southern Porcupine Basin.
The companies have signed a concession agreement to launch an unconventional gas exploration programme in the high potential Diyab play.
Interested international oil companies with an Africa focus can view the high-end data set in CGG data rooms in anticipation of the country’s 2019 licensing round.
The Norwegian Petroleum Safety Authority has given Spirit Energy consent to drill exploration wells 8/10-7 S and 8/10-8 S in production licence 405 in the North Sea.
Adam Pollard, senior research analyst with Wood Mackenzie’s sub-Saharan Africa upstream team, comments on the region's prospects.
The company has announced that Tower Resources (Namibia) Limited, a wholly owned subsidiary of Tower, has signed a new Petroleum Agreement with the Government of the Republic of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia, together with the National Petroleum Corporation of Namibia (10%) and ZM Fourteen Investment CC (10%).
The companies have signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow water.
The Petroleum Safety Authority have given Equinor Energy AS consent for exploration drilling of well 36/1-3.
The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.
The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.
The company has announced that the L53-DD1 exploration well encountered an interpreted, combined 26 m of net oil pay.