Exploration/discoveries
Updates about global exploration and production activities and developments.
Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
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The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board. -
Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.
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Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.
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Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.
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The well is the operator’s third discovery over the past 6 months in the region.
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Northern Nigerian prospect could hold a billion barrels of resource.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
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Two unconventional gas reservoirs were found underlying existing producing fields.
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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.
