Exploration/discoveries
Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021.
INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
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CNPC’s record-breaking 11,100-m exploration borehole in the Taklamakan Desert promises to unlock the science of producing oil and gas trapped in the world’s deepest reservoirs. -
First gas is flowing from IOG’s Blythe H2 well, part of the Southern Banks gas development in the UK southern North Sea.
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The record-setting probe has yielded a discovery estimated to be between 53–90 million BOE.
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Successful well trio adds as much as 30 million BOE of recoverable reserves.
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Plan granted contains permission for one appraisal well and up to six horizontal development wells.
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A testing and completion program for the CN-1 discovery is under review.
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New well on the South Salinas project encounters commercial quantities of oil.
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The acreage comprises 10 leases covering approximately 25,430 contiguous acres.
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New well northwest of Cizre strikes 162 m of light oil pay.
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New probe extended past 5.3 miles deep in Tarim Basin.
