Exploration news

The drilling of the Muzarabani-1 exploration well will involve the Exalo #202 rig, expected to commence mobilisation to the Cabora Bassa project in May.

The transaction includes a 10% share of the Nova field and a total of 11 exploration licences.

NCS SubSea provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via their P-Cable system.

Kveikje, which lies in an area north of the Troll field in the Norwegian North Sea, is estimated to contain gross mean prospective resources of 36 million boe with further potential upside estimated at 79 million boe on a gross basis.

The Rissana licence (approximate area 8489 km2) surrounds the offshore area of Chariot's existing Lixus offshore licence, where the company announced in January 2022 the conclusion of successful drilling operations at the Anchois field.

The Hamlet prospect is located 7 km north of the Gjøa field within the Neptune-operated PL153 Licence.

The Venus 1-X well encountered approximately 84 m of net oil pay in a good quality Lower Cretaceous reservoir.

The company has been contracted to drill the Devil’s Hole Horst appraisal well in the Central North Sea.

Located 18 km south-east of Sapakara South, Krabdagu-1 was drilled at a water depth of 780 m and encountered approximately 90 m of net oil pay in good quality Maastrichtian and Campanian reservoirs.

Start-up is expected during 2Q22 and the project will run for approximately 1 month.