discovery
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The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
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BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
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The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
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Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
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The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
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The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.
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If the find is commercially viable, the company and its partners say a subsea-to-shore development plan could produce first gas as early as 2027.
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The latest successful drilling campaign brings Suriname’s discovered resources to over 2.4 billion bbl of oil, according to Wood Mackenzie.
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Mukuyu-1 sidetrack proves a working hydrocarbon system in the Cabora Bassa basin.
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