Exploration news

The Walker Ridge programme covers approximately 300 OCS blocks including two priority areas of significant industry interest.

Wireline logs indicated significant natural gas pay totalling approximately 589 net ft at the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has signed an investment agreement with Energy Resources of Ukraine (ERU) on a joint exploration and production project in Ukraine.

The investment from bp Ventures, Woodside Energy and Blue Ocean Monitoring will be deployed to continue the development of a fully integrated system which uses long endurance self-repositioning autonomous underwater nodes to conduct offshore seismic surveys.

The company will begin acquiring and processing new 3D seismic data in 4Q20.

WellPath is a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms.

Block 70 is an onshore block that includes the shallow undeveloped Mafraq heavy oilfield, located in the middle of the Ghaba Salt Basin.

Recoverable resources are estimated to be in the range of 2-6 million m3 of oil equivalent, corresponding to 13-38 million boe.

Wintershall Noordzee is currently finalising the hook-up activities to the D12-B production platform, from where the produced gas will be transported via the Neptune Energy-operated D15-A production platform, through the NGT gas transportation system to shore.

The policy measure is designed to allow all future bid deposit forfeitures to be reinvested as received.