Exploration/discoveries
Infrastructure-led exploration program leads to significant find.
New find will likely be tied into future Johan Castberg infrastructure.
African oil and gas is increasingly becoming an investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations and as Africa itself seeks to enter the 21st century.
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Standalone or subsea development options remain in play. -
The development scheme may include possible tie-in to the nearby Solveig field.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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Latest Canje Block test does not find commercial hydrocarbons.
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OBR 4 will include license opportunities in the country’s exclusive economic zone.
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South American country looks to revitalize its offshore oil industry by offering 32 new blocks for exploration
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Total number of applicants down for latest Barents Sea frontier licensing round.
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Independent producer’s 2021 exploration budget will remain flat at around $150 million.
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ExxonMobil’s Kerry Moreland, a geoscientist, managed breakthrough discoveries in the early stage of her 15-year career that have positioned the company for decades to come in South America. Now she is pursuing similar goals in Africa and Asia Pacific, as she explains in a moderated interview at this week’s IPTC in Kuala Lumpur.
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The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.
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