Exploration news

Strike Energy has announced exceptional production testing results of the Kingia Sandstone gas discovery at Erregulla Deep-1, with strong flow rates and one of the highest flowing pressures ever measured in the basin.

With this expansion, TGS will add to the conventional 3D seismic data of the existing Benin MegaSurvey.

Petro Matad Ltd, the AIM quoted Mongolian oil company, has provided an update on the planned start of oil production in its Block XX Production Sharing Contract area in eastern Mongolia.

Pemex seeks to save up to US$1.35 billion by curbing exploration and production activities.

Under the Memorandum of Understanding (MoU), MOL Group and Turkish Petroleum have expressed their intention to jointly provide their experience, technical and commercial knowledge, techniques and financial resources.

The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, all located offshore Brazil.

The cancelled auction involved oil blocks containing an estimated 22 billion bbl of reserves.

Shearwater Geoservices Holding AS (Shearwater) has announced an award by TotalEnergies for an Angolan OBN project.

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.