Exploration News

 

High Impact Exploration Sees Rebound

Aug 04, 2022

38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…

Orcadian Agrees Farm-out on Carra Prospect

Aug 04, 2022

North Sea oil and gas development company Orcadian Energy has agreed a farm-out deal with Carrick Resources.The deal, based on the fulfilment of certain work milestones, centres on a sub-area of Licence P2320 which contains the the Carra prospect…

Equinor Lines Up Othello North Wildcat

Aug 04, 2022

Norway's Equinor has been granted a permit by the Norwegian Petroleum Directorate (NPD) to drill well 6507/8-11 S in the Norwegian Sea.The well, about 160 km offshore, about 10 km north of Heidrun, will be drilled using the Deepsea Stavanger semisubmersible drilling rig…

Eni Makes Latest Abu Dhabi Gas Discovery

Jul 29, 2022

Eni has announced a further 'significant' gas discovery, totaling an estimated 1-1.5 trillion cubic feet (Tcf) of gas in place, in its first exploration well drilled in offshore Block 2 Abu Dhabi, United Arab Emirates (UAE).This discovery was…

Petronas Makes Gas Discovery Offshore Malaysia

Jan 07, 2022

Petronas announced a new gas discovery off the coast of Malaysia.The Malaysian company said Friday that its Petronas Carigali Sdn Bhd (PCSB) subsidiary found gas at the Hadrah-1 wildcat exploration well of Block SK411, located in the shallow…

Equinor Drilling Ginny Wildcat off Norway

Jan 03, 2022

Exploration drilling operations have commenced on the Equinor-operated Ginny exploration well 6407/9-13 in the Norwegian Sea.The well, in production license PL1060, targets both an Upper Jurassic (Ginny) and a Middle Jurassic (Hermine) prospect located between the Galtvort and Hasselmus discoveries…

Colombia Looking to Add 3 bln Barrels of Oil Equivalent in New Reserves by 2040

Nov 22, 2021

Colombia will look to add 3 billion barrels of oil equivalent (boe) to its hydrocarbon reserves by 2040, Armando Zamora, president of the national hydrocarbons agency (ANH), said on Friday.The addition of these reserves will guarantee Colombia's energy self-sufficiency said Zamora…

Challenger Energy Believes in The Bahamas Offshore Potential Despite Dry Well. Seeks Partner, License Extension

Aug 16, 2021

Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…

The Gambia: BP to Pay $29.3M No-drill Fee

Aug 11, 2021

The Gambian government said on Tuesday BP has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in the West African country's offshore A1 block, which the company was awarded two years ago.BP broke its…

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Jul 28, 2021

Malaysia's Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros).Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2…

Russia's Lukoil Takes Over Offshore Area in Mexico for $435M

Jul 05, 2021

Russian oil company Lukoil has agreed to acquire a 50% operator stake in the Area 4 project offshore Mexico.The transaction value is $435 million-plus expenditures incurred in 2021 as of the transaction completion date. The completion of the transaction is subject to certain conditions…

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Jun 18, 2021

U.S. oil major Chevron, and a consortium between France's TotalEnergies and Qatar's Qatar Petroleum have submitted winning bids for shallow-water offshore acreage in Suriname, Suriname's national oil company Staatsolie said Friday.Staatsolie…

Indonesia: Eni, SKK Migas Ink Exploration MoU

Jun 17, 2021

Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…

Australia Opens Bidding for Offshore Exploration Acreage

Jun 15, 2021

Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…

Lawsuit Challenges ExxonMobil's Exploration and Production Activities in Guyana

Jun 02, 2021

A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists…

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