Exploration/discoveries
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
-
Sale includes stake in the Abadi gas project. -
Studies center on subsea wells connected to an FPSO.
-
Find could hold as much as 130 million BOE.
-
The $32-million deal nets producer proved reserves of 3.2 million BOE.
-
Nation also changes fiscal regime to attract new investment.
-
New terms would allow contractors more than 50% equity share in some new blocks.
-
BP, QatarEnergy and Zarubezhneft were among the other winners.
-
The energy ministry instructed a shutdown following Hamas missile strikes.
-
Total structure discovered could hold as much as 5 Tcf of gas in place.
-
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.
