Exploration/discoveries
The Cengkih discovery will likely be tied back to the nearby Pegaga field.
The awards are part of the third and fifth bidding rounds launched last year.
Additional wells are planned for the GOM field in 2023 and 2024.
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The government is targeting a “fairer share” of the revenues from oil and gas developments. -
The French operator plans to drill the first exploration well on an onshore tract during 2023.
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The next drilling target will look for reserves in three different plays in Louisiana.
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Petrobras will continue to operate the assets following the selldown of working interest.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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Success at Ofelia sets up another tieback development to the nearby Gjøa platform.
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The company will produce twilight barrels and conduct abandonment work when the field is deemed uncommercial.
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Good news in Block 53 is offset by disappointing results in Block 58.
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President Mnangagwa touts the current probe in the northern part of the country.
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