Exploration News


Progress offshore Italy for Petroceltic

Apr 04, 2013

Petroceltic's wholly owned subsidiary, Petroceltic Italia Srl, has been awarded the exploration permit 'B.R272.EL' in the Central Adriatic offshore Italy (formerly application block d.507).The award of the B.R272.EL permit is a significant step…

Inpex joins Mozambique hunt

Apr 02, 2013

Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, a wholly owned subsidiary of INPEX Corp.The licence, which consists of two blocks, under one licence agreement…

Drilling to start on Dunquin

Mar 30, 2013

Irish media have reported that Exxon Mobil was due to start exploration drilling offshore the country's coast this weekend.Eirik Raude (Image: Ocean Rig)The Irish Examiner said the $140m drilling programme was due to start today (Saturday) with daily rates at an estimated $1million…

Green light for Ivar Aasen and Gina Krog

Mar 25, 2013

Det Norske Oljeselskap ASA has as operator been authorized to develop the Ivar Aasen-field in the North Sea.The plan for development and operation of Ivar Aasen and Gina Krog were approved on Friday. Det Norske has a 3.3% share in Gina Krog…

Premier lining up FPSOs

Mar 24, 2013

UK-listed exploration and production firm Premier Oil is in the process of picking two separate FPSOs for projects in the North Sea.The firm said it was out to tender on its North Sea Catcher project for an FPSO. Concept select was agreed in…

Statoil and ExxonMobil in third Tanzania discovery

Mar 18, 2013

Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year.The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 TCF…

BG claims first deepwater DST offshore Tanzania

Mar 18, 2013

BG Group today announced it had completed its appraisal programme in the Jodari field of Block 1 offshore Tanzania, with a drill stem test on the original natural gas discovery well confirming the excellent quality of the Tertiary reservoirThe drill stem test on the Jodari-1 well…

Tullow opens Mauritania office

Mar 15, 2013

Tullow opens office in Nouakchott. In preparation for the start of a four-well exploration program and increased operational activity, the Director of Hydrocarbon, Ahmed Salem Tekrour, joined a small number of guests to open the new Tullow offices in Nouakchott…

Statoil signs up deepwater rigs

Mar 15, 2013

Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.The agreement managed by Stena Drilling is for a three-year fixed term with start-up Q4 2013 / Q1 2014…

Concerns over rising wage bills

Mar 15, 2013

A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600.The survey by OilandGasPeople found that 70% of oil and gas companies were worried that wages were rising too fast…

North Energy signs up TGS

Mar 01, 2013

North Energy has today entered into a four-year collaboration agreement with (TGS) concerning the purchase of seismic data and services. This represents a natural progression from an earlier collaboration agreement with Rex Oil & Gas (Rex) on…

Ithaca Energy buys Valiant

Mar 01, 2013

North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…

Barents and Jan Mayen resources higher

Feb 27, 2013

The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15% in the estimates of undiscovered resources on the Norwegian shelf.This…

FAR ups offshore Africa estimates

Feb 27, 2013

Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…

Cairn to explore off Malta

Feb 14, 2013

On 7 December 2012, the Government of Malta awarded three offshore blocks totaling 6,400sq km to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. Cairn CEO Simon Thomson, who succeeded Sir Bill Gammell as chief executive in July 2011…

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