Discoveries News

 

Global Oil and Gas Finds on Track to 75-year-low

Dec 23, 2021

If the rest of December fails to yield any substantial finds, global oil and gas discoveries in 2021 will hit their lowest full-year level in 75 years, according to a Rystad Energy estimate.'As of the end of November, total global discovered volumes this year are calculated at 4…

CGX's Kawa-1 Well in Guyana Encounters Oil, but Drilling Costs Rise

Dec 16, 2021

Canadian-based firm Frontera Energy, the majority owner of CGX Energy and its partner in the Corentyne Block offshore Guyana, has informed that the Kawa-1 exploration well, spudded in the block in August, has encountered hydrocarbon presence…

PTTEP Finds More Gas in Block SK417 Offshore Malaysia

Nov 30, 2021

Thai oil company PTTEP said Tuesday it had made a gas discovery at Nangka-1, its second exploration well in Block SK417, offshore Malaysia. The block is located in the shallow waters of Baram Province, around 180 kilometers off the coast of Sarawak…

Lukoil Makes Oil Discovery Offshore Mexico

Nov 23, 2021

Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels…

Petrobras Finds Hydrocarbons in Aram Block, Offshore Brazil

Nov 19, 2021

Brazilian oil company Petrobras has said it has identified the presence of hydrocarbons in a pioneer well in the Aram block, in the Santos Basin pre-salt, offshore Brazil.The well 1-BRSA-1381-SPS (Curaçao) is located 240 km from the city of Santos…

Tullow Leaves Suriname

Nov 18, 2021

Suriname has been described as the next big thing in the offshore oil and gas exploration world, as its proximity to Guyana where ExxonMobil has discovered around 10 billion barrels of oil so far has led oil companies, including ExxonMobil,…

Suriname: TotalEnergies, APA Hit Sub-commercial Oil Volumes at Bonboni Well, SPS-1 Flow Test Successful

Nov 17, 2021

TotalEnergies' Bonboni-1 offshore exploration well in the northern portion of Block 58, offshore Suriname has encountered sub-commercial oil volumes and will be plugged and abandoned. Meanwhile, TotalEnergies, with partners APA Corporation,…

Aker BP's Mugnetind Offshore Well Falls Short of Expectations

Oct 29, 2021

Norwegian oil and gas company Aker BP has made a minor oil discovery at the Mugnetind exploration well in the North Sea, offshore Norway.According to Longboat Energy, Aker BP's partner in the offshore license PL906 where the well is located…

Equinor Makes Light Oil Discovery in Norwegian Sea

Oct 26, 2021

Norwegian oil and gas company Equinor has made an oil and gas discovery at its Egyptian Vulture offshore well in the Norwegian Sea, off Norway.Equinor's partner Longboat Energy said the exploration well 6407/1-9 in the Norwegian Sea encountered…

Subsea 7, Schlumberger Secure Work on Turkey's Giant Offshore Gas Find

Oct 15, 2021

Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…

Vår Energi Makes Discovery at Rødhette Offshore Well

Oct 11, 2021

Norwegian oil and gas company Vår Energi has made a smaller than expected discovery at the Rødhette exploration well in the North Sea, off Norway.Vår Energi's partner Longboat said Monday that the well formally named 7122/6-3 S had encountered…

ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

Oct 07, 2021

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…

Eni CEO, Ivory Coast President Discuss Future Plans for Giant Offshore Discovery

Oct 04, 2021

Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101…

CNOOC Makes Large Oil Discovery in China's Bohai Bay

Sep 30, 2021

Chinese oil company CNOOC said Thursday it had made a 'large-sized' discovery at Kenli 10-2 site in Bohai Bay, offshore China.The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15…

ExxonMobil Finds Oil at Pinktail Well, Offshore Guyana

Sep 09, 2021

U.S. oil firm ExxonMobil has made another oil discovery offshore Guyana, this time at Pinktail prospect in the prolific Stabroek Block.The Pinktail well, ExxonMobil said, encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon…

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