Exploration news

NOG capital commitment not expected to exceed US$160 million, for a 15% working interest at an average net revenue interest of 84% in the program.

The well has reached Target Depth (TD) and the Company has run 5.5 in. production casing in anticipation of long-term testing commencing early 2025.

McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico.

Light oil was discovered in Palaeocene sandstones of good reservoir quality with preliminary estimates of gross recoverable resources in the range of 27 – 57 million boe on a P90-P10 basis, with a mean of 41 million boe.

Springfield Exploration and Production has successfully completed appraisal well test activity at the Afina oil and gas discovery, offshore Ghana.

Under the agreements, Eni will be able to explore the area for up to 9 years.

Corrosion in oil and gas tubing systems costs over $1 billion annually (source: NACE). Common types like pitting and crevice corrosion can be mitigated with proactive identification and appropriate solutions, preventing costly damage to fluid systems.

Gran Tierra Energy Inc. has announced exploration success in Ecuador and a strategic joint venture transaction and partnership to accelerate value in high-impact Canadian Montney oil play with Logan Energy Corp.

QatarEnergy has entered into an agreement with TotalEnergies to acquire an additional 5.25% interest in block 2913B (PEL 56) and an additional 4.695% interest in block 2912 (PEL 91), both located in the Orange Basin, offshore Namibia.

bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.