Exploration/discoveries
The agreement requires the consortium to conduct its 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.
Updates about global exploration and production activities and developments.
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Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization. -
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
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The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
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Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
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Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
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Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
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Updates about global exploration and production activities and developments.
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Alaskan oil is entering a renaissance driven by a predicted 13% upswing in 2026 production, the largest since the 1980s, and a possible reboot of LNG exports to Asia from the Kenai Peninsula, supplied via pipeline from the North Slope.
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Of the total approved by ADNOC’s board, $50 billion will be invested in Canada under a framework agreement targeting projects in AI, energy, and mining.
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Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
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