exploration
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Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks. -
Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.
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By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.
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The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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Rystad Energy expects the continent to account for the largest share of frontier and basin-opening wells in 2026 as operators pursue scale and untapped resources.
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Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
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While new imaging capabilities are rejuvenating old data so explorers can discover hydrocarbons, finding and developing reserves is increasingly complicated.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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Updates about global exploration and production activities and developments.
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This is DNO's tenth significant find in the hotspot area offshore Norway.
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