Exploration/discoveries
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.
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Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK. -
The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
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Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
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Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.
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By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.
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The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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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.
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Updates about global exploration and production activities and developments.
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The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
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The deal targets increased investment and production from one of the country’s largest onshore developments.
