Exploration news
CNOOC announces major exploration success in Pearl River Mouth Basin
Testing of the well yielded an absolute open flow natural gas production rate of 430 000 m³/d.
Aquaterra Energy launches legacy well re-entry and re-abandonment services, enabling CCS and hydrogen storage projects
Newly released Recoverable Abandonment Frame technology could reduce abandonment costs by £20 million per well and cut project timelines by 50%.
INPEX awarded exploration block AC/P71 offshore Western Australia
INPEX CORPORATION has announced that its subsidiary INPEX Browse E&P Pty Ltd (INPEX Browse) was awarded an exploration permit over release area AC22-1, now named AC/P71 (the Block) in Australia’s 2022 offshore petroleum exploration acreage release. INPEX Browse will be Operator and hold 100% working interest in the title.
New Zealand Government to reverse oil and gas exploration ban
Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones says.
QatarEnergy to acquire two new exploration blocks offshore Egypt
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
Odfjell Technology secures three well services contracts in Malaysia
The company has been awarded three well services contracts in Malaysia, marking a significant milestone in the company's position in the Asia Pacific region.
Exploration discovery at Bunga Aster-1 Well
Hibiscus Petroleum Berhad has announced that its wholly-owned subsidiary, Hibiscus Oil & Gas Malaysia as the operator of the PM3 commercial arrangement area production sharing contract, has successfully completed the drilling of the Bunga Aster-1 exploration well.
Petrobras and bp sign memorandum of intent for business and research
Petrobras and bp signed a memorandum of understanding (MoU) with the purpose of promoting discussions and collaboration between the companies.
Petrobras carries out scientific expeditions in the Equatorial Margin region
Researchers from Petrobras, the Geological Survey of Brazil (SGB), and 10 universities from the states that make up the geographical region of the Equatorial Margin, as well as two research institutions from the Southeast, has embarked for a scientific expedition on the Hydroceanographic Research Vessel (NPqHo) "Vital de Oliveira," operated by the Brazilian Navy.
ExxonMobil Guyana announces new discovery
ExxonMobil Guyana has announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.