Exploration news

The solids and production performance specialist for the oil and gas sector has announced a new contract with a major operator in the UKCS for a remote monitoring campaign.

The company has decided to proceed with the Maromba development project offshore Brazil and has signed an agreement to purchase the FPSO Polvo from BW Offshore.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

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.