Exploration/discoveries
Updates about global exploration and production activities and developments.
This study evaluates the feasibility of drilling a closed-loop, unconventional geothermal system in the Pannonian Basin basement of Romania.
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
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Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field. -
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
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Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.
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Updates about global exploration and production activities and developments.
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Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.
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The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
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The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
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Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
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Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
