Exploration/discoveries
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
Updates about global exploration and production activities and developments.
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The Uaru development is expected to pump 250,000 barrels of oil at peak. -
New gas discovery is the first made on the Norwegian continental shelf this year
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Wood Mackenzie said "advantaged barrels" that are cheap to extract and with low emissions represent less than a third of untapped resources.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
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The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
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A total of 20 new exploration blocks are on offer within the Israeli Economic Zone.
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The Agua-Marinha block is located in the Campos Basin off Brazil.
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Equinor will participate in 25 exploration wells on the NCS this year.
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New well on the Gydan Peninsula strikes gas and condensate.
