Exploration news

A Heads of Agreement has been signed with the Ministry of Oil and Gas of the Sultanate of Oman for the award to Total of an exploration license on Block 12.

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.

Serica Energy has announced that exploration well 22/19c-7 in the central North Sea is not hydrocarbon bearing.

The concession covers the Puesto Rojas block in Mendoza province, Argentina.

The Rolvsnes oil discovery is located in PL338C on the southern side of the Edvard Grieg field and is a fractured and weathered granite basement reservoir.

Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV.

GeoSoftware, part of CGG’s Geoscience Division, has renewed the donation of its HampsonRussell seismic reservoir characterisation software to CERENA/Instituto Superior Técnico (IST) University in Lisbon, Portugal.

To ensure the integrity of stored sample assets, the purpose-built 60 000 ft3 facility is securely enclosed and video-monitored.

The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.

The consortium of Bharat Petroleum Corp. Ltd and Indian Oil Corp. Ltd. will hold a 100% stake in the exploration phase to explore for and appraise oil and gas opportunities.