Exploration News

 

Rosneft completes Laptev, Kara Sea ice expedition

Jun 10, 2014

Rosneft reported today that the Arctic Research and Design Center (ARDC) has completed its 2014 winter ice field studies, the largest expedition in the Arctic Ocean.  The ARDC is a joint venture of Rosneft and ExxonMobil, supported by the…

Eni ups African presence

Jun 10, 2014

Eni has gained operatorship and a 40% interest in exploration right permit 236 (ER236) off the eastern coast of South Africa from Sasol, the Italian company announced today. Under the terms of the agreement, Eni has acquired 82,000sq…

RWE Dea marks 30 years in Gulf of Suez

Jun 06, 2014

RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…

Brattec: Petrobras executives talk about Libra

Jun 06, 2014

The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec Offshore 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras’ executive manager for Libra, Anelise Lara, talked about the reservoir’s characteristics and the area’s development prospects…

Soma hopes to crack Somalia

Jun 06, 2014

UK-based, Somalia-focused exploration firm Soma Oil & Gas Exploration has completed an offshore seismic acquisition program, which commenced in February 2014. The acquisition program was carried out by SeaBird Exploration and concluded in June 2014…

Australia awards 9 offshore exploration permits

Jun 05, 2014

Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government’s 2013 Offshore Petroleum Exploration Acreage Release…

Vessel availability slows projects

Jun 05, 2014

Limited vessel and rig availability have meant delays on two Alpha Petroleum Resources' UK projects, the Blythe development and appraisal on the Skipper field.  The firm is planning to submit a field development plan for the southern North Sea Blythe gas field project Q4…

BG strikes Tanzanian gas

Jun 04, 2014

Ophir Energy announced that partner and operator BG Group made a new gas discovery in Block 1, located in the Mafia Deep basin off Tanzania. The Taachui-1 well’s net pay amounted to 155m, with estimates for the mean recoverable resource placed at 1Tcf…

TAO-1 spud nears

Jun 03, 2014

Australia-based Tangiers Petroleum says the Ralph Coffman jackup rig is on location offshore Morocco and close to spudding the Tao-1 well in the Tarfaya Offshore Block. The rig was loaded onto the heavy lift vessel MV Transshelf on the 25 May 2014…

AWE drills Oi exploration well

Jun 03, 2014

Australia’s AWE Limited announced that drilling on the Oi-1 exploration well in the Tui area oil fields, located off New Zealand in the Taranaki Basin, commenced on 30 May with the semisubmersible Kan Tan IV. Oi-1 is located approximately…

Statoil plans VSP at deepwater Miocene well

Jun 02, 2014

Drilling continues at Statoil's Martin prospect in Mississippi Canyon Block 718 with the Maersk Developer semisubmersible, in 850m (2789ft) water depth. Statoil plans to run a zero-offset vertical seismic profile (VSP) survey on or before 15 August 2014…

Global Deepwater Review: Strength in numbers

Jun 02, 2014

The Centennial J tanker will be converted by MODEC for Tullow's TEN field. Photo by: Tullow Oil Plc/Joseph Lynch. E&P companies will continue to invest in deepwater exploration and development…

Libya's NOC plans regional seismic

May 30, 2014

The National Oil Corp. (NOC), the national oil company of Libya, has signed an agreement with ION Geophysical Corp. and North Africa Geophysical Exploration Co. (NAGECO) to acquire 21,000km of 2D seismic data in Libya. Known as LibyaSPAN…

Prostar eyes North Sea acquisitions

May 29, 2014

UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets.  According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…

Eni announces restructure

May 29, 2014

Eni has announced a restructure of its business into an “integrated operational structure”, under new business units.  The new units will be: exploration; development, operations and technology; upstream; downstream and industrial. These replace the E&P…

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