Exploration/discoveries
Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
Technology and partnerships play a pivotal role in how the oil industry finds and produces energy from frontier regions and brownfields, both now and in the future.
Kuwait Petroleum’s managing director of planning and finance said that more investment will be needed to keep Kuwait’s mature oil fields flowing while production is brought on stream.
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A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin. -
By 2030, deepwater production is expected to rise 60%, but after that, reduced leasing and exploration could limit this small slice of the sector.
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The Cengkih discovery will likely be tied back to the nearby Pegaga field.
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The awards are part of the third and fifth bidding rounds launched last year.
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Additional wells are planned for the GOM field in 2023 and 2024.
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The government is targeting a “fairer share” of the revenues from oil and gas developments.
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The French operator plans to drill the first exploration well on an onshore tract during 2023.
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The next drilling target will look for reserves in three different plays in Louisiana.
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Petrobras will continue to operate the assets following the selldown of working interest.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
