Exploration news
Eni and Total partner with Sonatrach for offshore exploration in Algeria
The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.
Equinor: new oil discovery in the Johan Castberg licence
The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.
Pan Orient Energy Corp.: L53-DD1 Thailand oil discovery
The company has announced that the L53-DD1 exploration well encountered an interpreted, combined 26 m of net oil pay.
TGS and Schlumberger announce new multiclient nodal seismic project in US Gulf of Mexico
TGS and Schlumberger today announced a new multiclient nodal seismic project in the US Gulf of Mexico.
Kosmos Energy announces results of Pontoenoe-1 well
The company has announced that it has completed drilling of the Pontoenoe-1 exploration well in Block 42 offshore Suriname.
Maersk Drilling awarded contract offshore Timor-Leste
The company has signed on semi-submersible rig Mærsk Deliverer with Eni for an exploration well offshore Timor-Leste.
National Oil Corporation, BP and Eni agree to work to resume exploration in Libya
A letter of intent was signed in London by National Oil Corporation chairman Eng. Mustafa Sanalla, BP group chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi.
Norwegian Sea discovery more than doubles remaining Norne oil reserves
Equinor, ENI and Petoro have completed an appraisal well on the Cape Vulture discovery, and found a volume potential of 50 – 70 million recoverable barrels of oil.
W&T Offshore signs definitive agreement to sell non-core asset
The company has also announced a successful exploration well at Ewing Bank 910 field.
McGuireWoods Consulting: Romania’s offshore opportunities enhanced by low royalties
The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.