Exploration news

Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information.

UK-based oil and gas subsea equipment specialist Express Engineering has announced a six-figure investment in new precision welding equipment and capabilities as it expands its sector operations to support customers.

The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.

Based on preliminary estimates the size of the discovery is between 25-50 million bbl of recoverable oil equivalent.

Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14, failed to encounter hydrocarbons.

Cloudbreak Discovery, Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss-based asset manager will jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.

TGS has announced a new 3D seismic survey in partnership with Schlumberger.

The project applies a modern comprehensive broadband processing workflow to 3363 km2 of 3D data to better understand the hydrocarbon prospectivity of the Tarakan Basin.

The project will cover the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil.

The exploration blocks are located off the coasts of Sabah and Sarawak.