Exploration News

 

Exxon in 1 billion bbl Nigeria find

Oct 27, 2016

ExxonMobil’s newest discovery offshore Nigeria could possibly hold up to 1 billion bbl, the supermajor said today (27 October). Image from Exxon. Exxon said a “significant discovery”…

Hurricane moves forward off UK

Oct 27, 2016

Hurricane Energy is suspending the Lancaster sidetrack well offshore the UK to develop as a future producer and moving on to its Lincoln well. Technip today also confirmed a win for its subsea joint venture with FMC Technologies, Forsys Subsea…

Statoil eyeing North Sea Verbier probe

Oct 27, 2016

Statoil has started work planning a well on the Verbier prospect in the UK North Sea, according to partner Jersey Oil & Gas (JOG).  The Fugro Galaxy survey vessel has arrived in the Verbier license under contract to Statoil, ahead of a potential exploration drilling program…

BP drills Amherstia with new jackup

Oct 26, 2016

BP Trinidad and Tobago (bpTT) started drilling at Amherstia, offshore Trinidad, using the newest addition to its fleet, the Joe Douglas 240C jackup, with expectations to drill up to four new wells. The Joe Douglas…

Exxon's Liza-3 proves successful

Oct 26, 2016

ExxonMobil's Liza discovery, offshore Guyana, has upped its potential due to the company's successful run at the Liza-3 appraisal well, according to partner Hess Corp. The Steana Carron, from Stena…

Fugro to probe US offshore wind development option

Oct 26, 2016

Fugro has been awarded the contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within its wind development lease, offshore Massachusetts. Fugro’s state-of-the-art, 105m drilling vessel M/V Fugro Synergy will perform the study…

Rawson grabs offshore PNG license

Oct 26, 2016

Rawson Resources was awarded the petroleum prospecting license (PPL) 560 in the gas-rich Cape Vogel basin, offshore Papua New Guinea (PNG).  The Australian firm holds 60% interest in PPL 560, which covers 4680sq km. Rawson's deal includes a six-year term…

Petrobras, Total form strategic alliance

Oct 24, 2016

Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally.  Image of Pouyanné, from Total. Petrobras…

Africa Energy secures South Africa block

Oct 24, 2016

Africa Energy has closed three deals giving it a 90% stake and operatorship of Block 2B offshore South Africa. The company paid US$1 million to Afren to acquire a 25% participating interest in Block 2B. It also paid $2 million and shares to acquire all of Thombo Petroleum's 34…

Eni gets Mexican approval for Amoca

Oct 21, 2016

Mexico’s National Hydrocarbons Commission (CNH) has approved Italian giant Eni to drill a well in the shallow waters of the Gulf of Mexico, according to news reports. Image from Eni. Drilling…

Quadrant in Spartan victory

Oct 21, 2016

Quadrant Energy discovered natural gas at the Spartan-1A well, offshore Western Australia, according to partner Santos. Spartan-1A is 15km to the south-east of John Brookes, and is a potential future tie-back into existing infrastructure…

Nido to raise funds for Philippines drilling

Oct 21, 2016

Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…

Quadrant in major Roc-2 flow

Oct 19, 2016

Quadrant Energy has confirmed a successful well test from the Roc-2 well, offshore Western Australia, that shows significant potential in a largely unexplored area. Map of Roc-2, from Quadrant…

Pemex seeks shallow water farmout

Oct 18, 2016

Mexican state owned oil company Petróleos Mexicanos (Pemex) has applied to Mexico's Energy Ministry, SENER, for a joint venture for two shallow water fields in the Gulf of Mexico on 18 October, according to news reports. Image from Pemex…

Hurricane flows at Lancaster side-track

Oct 18, 2016

Hurricane Energy has reported a sustainable flow rate from a horizontal side-track well at its Lancaster discovery, West of Shetland, offshore the UK. Image from Hurricane. The…

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