Exploration news

The Blackrock exploration well is located in the West of Shetland.

Rystad Energy, the independent energy research and consultancy, has analysed the historic investments and oilfield service purchases of the world’s 50 000 oil and gas fields.

The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, according to well counts in the EIA’s drilling productivity report.

Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2800 km2, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 m.

Spectrum owns the world’s largest 2D library of seismic data.

Adjusted earnings were US$4.19 billion in 1Q19, down from US$4.41 billion in 1Q18. Adjusted earnings after tax were US$1.54 billion, up from US$1.47 billion in the same period last year.

Empyrean, Conrad Petroleum, and Coro Energy Plc have agreed the upcoming drilling programme in the Duyung PSC in the West Natuna basin, offshore Indonesia.

Agreements signed with the government of Namibia and NAMCOR will add approximately 7 million net acres to the company’s exploration acreage.

The contract is for the post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins.

Following Santos' announcement on the confirmation of a significant gas resource at Corvus-2 appraisal well, Wood Mackenzie senior analyst Daniel Toleman provides commentary.