Exploration/discoveries
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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.
Updates about global exploration and production activities and developments.
-
The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska. -
The deal targets increased investment and production from one of the country’s largest onshore developments.
-
Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
-
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
-
The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
-
Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.
-
Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.
-
Updates about global exploration and production activities and developments.
-
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
-
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
Page 1 of 51