Exploration/discoveries
Updates about global exploration and production activities and developments.
Sale 262 will be the first new auction covering leases in US Gulf federal waters in 2 years.
Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
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Gas production from The Mabrouk North-East field is online. -
Røver Sør find is said to contain up 47 million BOE of recoverables.
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Construction of a treatment plan for the natural gas from latest wells is ongoing.
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The Southern North Sea find could be one of the largest in the area in a decade.
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The Dutch Government will no longer issue drilling permits for new onshore oil and gas wells.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
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New gas discovery is the first made on the Norwegian continental shelf this year
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Wood Mackenzie said "advantaged barrels" that are cheap to extract and with low emissions represent less than a third of untapped resources.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
