Exploration news

Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.

The award is from an undisclosed company, with the project anticipated to start in 4Q21.

The wildcat wells were drilled in production licence 090 in the northern North Sea.

Hipp Creek 3D will add nearly 200 km2 of seismic data tying into existing TGS 3D seismic coverage within their core area of the Montney Basin in British Columbia, Canada.

Drilling at Longtail-3 offshore Guyana encountered 230 ft (70 m) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.

Jabillo-1 is the second of three exploration wells scheduled for drilling on the Canje block in 2021.

The Maha 2 well in the West Ganal block has been drilled to a depth of 2970 m in 1115 m water depth and encountered 43 m of gas bearing net sands.

The survey covers existing lease blocks and open acreage in the prospective Orphan Basin.

Turkey has discovered 135 billion m3 of additional natural gas in the southern Black Sea, raising the total discovery in the region to 540 billion m3.

Both companies have confirmed their willingness to proceed with joint implementation of exploration and production projects in western Siberia, including the development of the Achimov, Paleozoic and Jurassic hydrocarbon deposits.