Exploration/discoveries
The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.
Updates about global exploration and production activities and developments.
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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Two unconventional gas reservoirs were found underlying existing producing fields. -
The four blocks on offer could contain around 4 billion bbl of oil.
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The Norwegian Sea field is expected to come on stream in late 2025.
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Crude output from the country is now less than 15,000 B/D.
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The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block.
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The French supermajor is looking to drill Lebanon's first successful exploration well by the end of next year.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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The well is targeting middle and lower Jurassic-aged reservoirs.
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Baodao 21-1 is the first deepwater, deep-stratum large gas field in the South China Sea.
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At 50,000 ft, the well is about 800 ft longer than the previous record holder.
