Exploration news
TGS completes processing of Erlend Wild West seismic project
Erlend Wild West is a 3900 km2 survey consisting of 1900 km2 of data acquired from the west of Shetland region, offshore the UK.
PGS releases data from Indonesia surveys
The new seismic datasets from Indonesia will be used to support the country's upcoming 2020 licensing round.
ION divests from land seismic equipment JV
The company is to sell its 49% equity stake in INOVA Geophysical Equipment Ltd. for US$12 million.
Axxis Geo Solutions receives extension to Middle East OBN contract
The additional work is estimated to be totalling 7 vessel months and will continue into 2Q20.
Gulf of Mexico lease sale generates US$93 million in high bids
A total of 22 companies participated in Lease Sale 254, submitting US$108 587 185 in total bids.
Neptune Energy makes discovery in Germany
The discovery was made at the Schwegenheim exploration well in the Rhine Valley.
Lundin Petroleum makes oil and gas discoveries in Norwegian North Sea
The discoveries were made at the Evra and Iving exploration well, close to the Balder and Ringhorne field.
Hess downsizes 2020 capital and exploratory budget
The reductions to the company’s 2020 capital budget will be primarily achieved by shifting from a six rig programme to one rig in the Bakken, which is expected to be completed by the end of May.
Jersey Oil & Gas to lead Greater Buchan Area evaluation
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
Neptune Energy confirms discovery in UK Central North Sea
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.