Exploration news
CGG GeoConsulting and the Petroleum Corporation of Jamaica announce first reported discovery of live oil onshore Jamaica
This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.
Aker BP announce exploration success in PL340 near Alvheim
Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.
NOVATEK wins bid for the gas assets of ALROSA
PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.
New CGG GeoSoftware technology drives greater E&P efficiency
Recent developments bring new capabilities within each individual solution while offering increasingly integrated workflows from geology and geophysics to reservoir engineering.
Total enters two exploration blocks offshore Lebanon
The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.
ExxonMobil adds 2.7 billion barrels to reserves
Exxon Mobil Corporation has announced it has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 billion boe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years.
Drilling permit for well 16/1-29 S in production licence 167
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S, cf. Section 15 of the Resource Management Regulations.
SDX Energy provides update on ONZ-7 well, Morocco
The ONZ-7 well on the Sebou permit in Morocco has been completed and tested.
Rockhopper Exploration signs letter of intent with Diamond Offshore Drilling
Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following update relating to Sea Lion Phase 1, in the North Falkland Basin (RKH 40% working interest).
Qatar Petroleum signs an agreement for exploration in South Africa
Qatar Petroleum entered into an agreement with Total of France to acquire a 25% participating interest in the Exploration Block 11B/12B, offshore South Africa.