Exploration/discoveries
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
The new policy aims to accelerate the leasing timeline and expand access to public lands.
The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
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Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity. -
EVP Giulia Chierchia and Chairman Helge Lund are stepping down amidst difficult Q1.
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Updates about global exploration and production activities and developments.
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SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.
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The latest deepwater exploration well offshore Namibia has found 38 m of net pay and flowed more than 11,000 BOPD of 37 °API oil during testing.
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The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
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The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
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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.
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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.
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