The Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives, but did not encounter hydrocarbons and has been plugged and abandoned, says Noble Energy Inc. The well, located on the Atwater Valley 362 was drilled to a total depth of 13…
Tunisian Authorities approved Australia’s ADX Energy Ltd.’s two-year extension of the exploration period for the Kerkouane permit offshore Tunisia. The exploration period is now set to end on 21 February 2016. The ADX operated contiguous Sicily Channel blocks…
Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…
3D seismic surveying operations have commenced on Frontier Exploration Licence (FEL) 1/14 (Spanish Point South) in the northern Porcupine Basin, offshore Ireland. The license, operated by Cairn Energy subsidiary Capricon Ireland, is in 300-650m water depth…
UK independent Fastnet Oil and Gas agreed an amended exclusive option agreement with Petrobras subsidiary PSE Kinsale Energy in relation to the Deep Kinsale prospect, offshore Ireland. The Deep Kinsale prospect extends from 4000ft subsea…
Spain's Repsol could start drilling offshore the Canary Islands this year after the Spanish government gave the firm the go-ahead. The government's Industry Ministry approved drilling plans by Repsol in a resolution dated 11 August and published today (13 August) in the Official Bulletin…
Junior North Sea-focused exploration firm Trapoil is to shed more of its senior staff, including its co-founders, in a bid to maintain the value of its assets. The firm, currently has a mix of carried and paying interests in 11 licenses…
Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Singapore-based KrisEnergy entered an agreement to acquire Chevron Overseas Petroleum (Cambodia) Ltd. for US$65 million. Chevron's Cambodia unit holds a 30% participating interest in and operatorship of offshore asset, Cambodia block A. Block A…
Noble Energy and Australia’s Woodside Petroleum signed a production sharing contract (PSC) with the Government of Gabon covering block F15 in the Gabon Coastal basin, West Africa. Additionally, Marathon Oil Corp. signed an exploration…
Singapore-based KrisEnergy Ltd. announced Seadrill Ltd.’s West Cressida jackup rig spud the Mancharee-1 exploration commitment well in block G10/48 in the Wassana oil field, in the Gulf of Thailand. Seadrill's…
Statoil awarded Schlumberger Norway a contract to provide integrated drilling services and exploration drilling on the Norwegian continental shelf (NCS). Licenses are for Gullfaks, Gullfaks Satellites, Snorre, Statfjord, Tordis/Vigdis…
SOCO International announced the Lidongo X Marine-101 (LXM-101) exploration well spud in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo. The LXM-101 well is located 23km north west of Pointe Noire in a…
Statoil has said its three-well exploration campaign in the Hoop area of the Barents Sea has failed to make a commercial discovery after completing its final wildcat well on the Mercury prospect. Well 7324/9-1 on the Mercury prospect was in license 614 in the Barents Sea offshore Norway…
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