Exploration/discoveries
The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
This is DNO's tenth significant find in the hotspot area offshore Norway.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon. -
Technology and partnerships play a pivotal role in how the oil industry finds and produces energy from frontier regions and brownfields, both now and in the future.
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Kuwait Petroleum’s managing director of planning and finance said that more investment will be needed to keep Kuwait’s mature oil fields flowing while production is brought on stream.
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The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
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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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Updates about global exploration and production activities and developments.
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Updates about global exploration and production activities and developments.
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International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
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