Exploration news

The combined awards are valued at around US$60 million.

The Industry Technology Facilitator (ITF), in collaboration with Maersk Oil, Nexen, Shell, Siccar Point Energy, TechnipFMC and the Oil and Gas Technology Centre (OGTC), is leading a joint industry project (JIP) to investigate an alternative well foundation technology for subsea exploration and production wells.

The new licences provide further exploration potential around the Company’s Karish and Tanin development.

The company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.

CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38 000 line km over the Perdido Fold Belt.

ION has delivered a regional framework consisting of approximately 30 000 km of data over the Austral and Malvinas basins' relatively under-explored petroleum region.

Blocks C22, C17 and C14 are located an average of 124 miles, or 200 km, offshore Mauritania. Together they measure nearly 8.4 million acres in water depths ranging from 3300 ft to 11 500 ft, or 1000 m to more than 3500 m.

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.

The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.

The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.