Exploration News

 

Australia reveals 2016 offshore acreage

Aug 11, 2016

The Australian government is offering 28 exploration areas in its 2016 Offshore Petroleum Exploration Acreage Release. Map from Australia government.  The acreage comprises 28…

PSA approves Exxon Sigyn duo

Aug 11, 2016

The Petroleum Safety Authority of Norway (PSA) has granted consent to ExxonMobil to use Island Frontier and Island Wellserver for light well intervention at the Sigyn field, offshore Norway. The Sigyn field is in production license 072…

Rosneft makes Vietnam discovery

Aug 11, 2016

Russia's Rosneft has made a gas condensate discovery named Wild Orchid offshore Vietnam. The well was drilled using the Hakuryu-5 semisubmersible drilling rig during Q2 this year, operated by RN-Vietnam, in Block 06.1. Volume of reserves…

BHP strikes deepwater Trinidad gas

Aug 11, 2016

Australia's BHP Billiton has made a gas discovery on the deepwater LeClerc play-opening well offshore Trinidad and Tobago. BHP had been drilling for oil. The LeClerc 1 ST01 well was drilled in Block 5, in 2500-8500ft water depth, 135mi…

Wintershall starts latest North Sea well

Aug 09, 2016

Wintershall Norge has started drilling wildcat exploration well 35/11-20 B using the Borgland Dolphin drilling rig in production license 248 F in the Norwegian North Sea. It is the latest well on the license, following well 35/11-20 A…

Premier makes heavy oil discovery on Bagpuss

Aug 05, 2016

Premier Oil's Bagpuss heavy oil exploration well on the Halibut Horst in the Outer Moray Firth, in the North Sea, has made a discovery, potentially opening a new play in the area. The 13/25-1 well, drilling using the Ocean Valiant semisubmersible drilling rig…

Rovarkula well dry for Det norske

Aug 04, 2016

Norway's Det norske's exploration well on the Rovarkula prospect in the Norwegian sector of the central North Sea is dry, says the Norwegian Petroleum Directorate. The 25/10-15 S wildcat well was drilled using the Maersk Interceptor jackup…

Eni abandons Aurelia after poor results

Aug 04, 2016

Eni is to plug and abandon its Aurelia wildcat exploration well in the Barents Sea after poor drilling results.  The well, 7222/1-1, was the first exploration well in production license 226, awarded in 1997. It was drilled about 80km…

Lundin terminates M3nergy FPSO deal

Aug 03, 2016

Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…

Cobalt focuses on Angola, closes Mexico office

Aug 02, 2016

Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…

Quadrant spuds Driftwood-1

Aug 02, 2016

Quadrant Energy started drilling the Driftwood-1 well in the WA-320-P permit area in the Carnarvon Basin, offshore Western Australia. The well, being drilled with the Noble Tom Prosser jackup, is in the Barrow sub-basin of the Northern Carnarvon Basin…

Leaving no rock unturned

Aug 01, 2016

Elaine Maslin examines new UK government funded seismic shoots and data reprocessing, all free to the industry, which are among initiatives aimed at boosting UK Continental Shelf exploration. Seismic…

Drilling depression

Aug 01, 2016

Infographic from McKinsey Solutions. These projections are taken from Energy Insights’ Global Gas Outlook to 2030. For your free Executive Summary of the findings included in the report visit www…

Saudi Aramco extends Seadrill rig contracts

Jul 29, 2016

Rig operator Seadrill has received three-year contract extensions from Saudi Aramco for the jackups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts…

Conoco, Marathon cut short Maersk Valiant contract

Jul 28, 2016

ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following Conoco's decision to halt Gulf of Mexico deepwater exploration spending…

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