discovery
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The Essington-1 well is the first discovery in the Otway since 2021. -
The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.
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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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