Exploration/discoveries
Rystad Energy expects the continent to account for the largest share of frontier and basin-opening wells in 2026 as operators pursue scale and untapped resources.
Updates about global exploration and production activities and developments.
The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
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Construction of a treatment plan for the natural gas from latest wells is ongoing. -
The Southern North Sea find could be one of the largest in the area in a decade.
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The Dutch Government will no longer issue drilling permits for new onshore oil and gas wells.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
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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.
