Lundin Petroleum started drilling exploration well 33/2-2S in PL579 on the Morkel prospect in the Norwegian Sea. Morkel is 180km west of Florø on the Norwegian west coast and approximately 40km northwest of the Snorre field. The main…
Petrobras's executive board approved a two-year (2015/2016), US$13.7 billion divestment plan. The plan includes exploration & production assets in Brazil and abroad (30%), as well as assets in the downstream (30%), and gas and energy (40%) segments…
Initial evaluation of 3D seismic data shows that Providence Resources P.l.c.’s Drombeg prospect offshore southwest Ireland, is consistent with those of a large deepwater fan system. The Polarcus Amani 3D seismic vessel…
Otto Energy Philippines Inc. signed a farm-in agreement with Red Emperor Resources NL for a 15% working interest in SC55, offshore the Philippines. The Maersk Venturer. From Otto. SC55…
Kosmos Energy is to plug and abandon its CB-1 well in the Cap Boujdour permit area offshore Morocco after gas and condensate was found – but not in commercial quantities. Despite the non-commerciality of the well, Kosmos CEO Andrew Inglis says the results are positive…
Most of the Mexican side of the Gulf of Mexico remains unexplored. Dan McConnell explores the geotechnical knowns and unknowns in the basin. Acquiring geotechnical data for platform foundation design in Mexico’s Bay of Campeche Image from Fugro…
Repsol’s Director for Exploration and Production Technology Santiago Quesada discusses the company’s partnership with IBM aimed at developing cognitive technologies for better decision-making. As demand for oil and gas increases and oil plays mature…
Angus Rodger and Matt Howell discuss the exploration environment as well as the potential impact from the recent fall in oil prices on Australian and New Zealand projects. Graphs from Wood Mackenzie. Australia…
The Petroleum Safety Authority Norway granted Statoil consent to drill well 15/6-13 Gina Krog East 3 in the central North Sea. Drilling operations with the Songa Trym semisubmersible are expected to begin in April 2015 for approximately 50 days…
Total E&P Norge received approval from the Petroleum Safety Authority Norway to drill two wells in production license 627 in the central North Sea. Blocks 25/6-5 S and 25/6-5 A Skirne Øst will be drilled with the Leiv Eiriksson semisubmersible to investigate the find's potential…
Santos and INPEX were awarded two exploration permits offshore Western Australia. Image from INPEX. Blocks WA-513-P and WA-514-P are located about 500km north-northeast of Broome and cover areas of 335sq km and 415sq km…
Oil & Gas UK’s new report on offshore exploration, investment and production provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The…
The Petroleum Safety Authority Norway granted Talisman Energy Norge AS consent for exploration drilling of well 15/12-24 at the Snømus prospect. Image of the Maersk Giant jackup. From Maersk. The well is located in production license 672…
Statoil has agreed to buy stakes in production license 602, close to the Aasta Hansteen development project, in the Norwegian Sea from Norwegian exploration firm Rocksource and Faroese explorer Atlantic Petroleum. Statoil will take Rocksource’s 10% stake in PL602 and 2…
According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet (Tcf) of technically recoverable natural gas…
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