Exploration news

VAALCO Energy, Inc. has announced that, in conjunction with its 2025/2026 drilling program planned to begin mid-2025 in Gabon, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill multiple development wells and appraisal/exploration wells, as well as perform workovers, with options to drill additional wells.

Equinor has made a discovery 17 km west of the Troll field in the North Sea. The discovery is currently estimated at 2 – 12 million boe.

DNO ASA, the Norwegian oil and gas operator, has announced an oil and gas discovery on the Ringand prospect in the Norwegian North Sea license PL923/923B in which the Company’s wholly-owned subsidiary DNO Norge AS holds a 20% interest.

Arrow Exploration Corp., an operator with a portfolio of assets across key Colombian hydrocarbon basins, announces that it has reached target depth on the Alberta Llanos-1 well on the Tapir Block in the Llanos Basin of Colombia using the contracted Petroworks rig.

QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in the Petroleum Exploration License and Petroleum Agreement for Block 2813B (PEL0090), offshore Namibia.

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.