Exploration/discoveries
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
Operator started planning the development before it made its latest North Sea discovery.
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The $32-million deal nets producer proved reserves of 3.2 million BOE. -
Nation also changes fiscal regime to attract new investment.
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New terms would allow contractors more than 50% equity share in some new blocks.
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BP, QatarEnergy and Zarubezhneft were among the other winners.
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The energy ministry instructed a shutdown following Hamas missile strikes.
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Total structure discovered could hold as much as 5 Tcf of gas in place.
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A drop in the number of wells drilled on the UK Continental Slope is concerning as many fields in the mature basin are reaching the point of production cessation.
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Output from the field is expected to return to pre-shut down levels this summer.
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Well is estimated to have encountered as much as 35 million BOE.
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Program will focus on finding more resources around Goliat and Johan Castberg through 2026.
