Exploration News

 

Australian government announces lease round

May 15, 2017

The Australian government’s annual Offshore Petroleum Exploration Acreage Release has been announced with 21 areas on offer. The areas are across eight sedimentary basins in Commonwealth waters offshore of Northern Australia, Western Australia…

Report mostly supports Bight exploration

May 15, 2017

Members on an Australian Senate Inquiry have mostly supported oil and gas activities in the Great Australian Bight, subject to robust regulatory standards, says the Australian Petroleum Production & Exploration Association (APPEA). The…

Ophir's Ayamé well dry

May 15, 2017

Ophir Energy's Ayamé-1X exploration well offshore the Ivory Coast found oil, but not in significant quantities.  The well, in block CI-513, reached a total depth of 5394m true vertical depth sub sea.  The well was targeting a number…

Repsol's Stordal comes up dry

May 12, 2017

Repsol Norge has come up dry at the Stordal wildcat in the Norwegian Sea, according to the Norwegian Petroleum Directorate (NPD). Map of Stordal in PL 705, from the NPD. Upon completing drilling operations at Stordal (well 6705/7-1)…

Total inks deepwater Mauritania deal

May 12, 2017

Total has signed up to explore another deepwater block offshore Mauritania that the French giant says is in a high-potential zone. Image from Total. Total inked an exploration…

Do call it a (deepwater) comeback

May 11, 2017

Gulf of Mexico operators BP and Murphy Oil sing the praises of a new below US$50/bbl breakeven world at this year’s OTC Houston. Audrey Leon reports. Image of Morrison presenting at OTC. Images from OTC…

Lundin spuds Alta appraisal in Barents Sea

May 11, 2017

Lundin Petroleum has started drilling appraisal well 7220/11-4 (Alta-4) on the Alta discovery in PL609, on the Loppa High in the southern Barents Sea. The Alta-4 well is about 2km south of the original discovery well 7220/11-1 and is the fourth well to be drilled on the Alta discovery…

WGEG predicts bright global outlook

May 10, 2017

In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results.   The…

Parkmead takes Farne stake to 100%

May 10, 2017

UK independent Parkmead has agreed a deal with Verus Petroleum to acquire 50% interest in North Sea License P.2209 containing the Farne Extension prospect and a further four prospective leads. The moves secures 100% interest in the license for Parkmead…

Statoil to drill on Troll with Songa Encourage

May 09, 2017

Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to use Songa Encourage semisubmersible vessel for drilling and completing a production well on the Troll field. Image of the Songa Encourage…

Cobalt looks for North Platte partner

May 08, 2017

Cobalt International Energy has opened a data room for its deepwater US Gulf of Mexico North Platte field as it announced the latest appraisal well drilling results on the field. Cobalt, which says the field, with an estimated 500-800 MMbbl resource range…

Carnarvon gets Cerberus extension

May 08, 2017

The Department of Mines and Petroleum (DMP) of the government of Western Australia approved Carnarvon Petroleum’s application to suspend and extend the year three work commitments for the Cerberus project. Map of Cerberus…

Lundin gets Alta appraisal approval

May 08, 2017

Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to drill the exploration well 7220/11-4 in a prospect named Alta, in Block 7220 in the Barents Sea. Lundin is the operator for production license 609 in the Barents Sea…

BP, Kosmos in major Senegal find, potential new LNG hub

May 08, 2017

Dallas-based Kosmos Energy and BP have made a new, major gas discovery offshore Senegal, which could support a second LNG hub in the basin, according to the independent. Kosmos estimates that the Yakaar-1 discovery, drilled using the Atwood Achiever drillship…

Europa adds 553 MMboe Ervine and Edgeworth to pot

May 08, 2017

Europa Oil & Gas has identified two prospects which could contain up to 553 MMboe in Ireland's South Porcupine Basin.  According to a competent person’s report by ERC Equipoise including, two pre-rift prospects, Ervine and Edgeworth,…

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