Exploration/discoveries
The Essington-1 well is the first discovery in the Otway since 2021.
Geophysicist Markos Sourial discusses advances in seismic imaging, the challenges of modern data processing, and what they mean for the next wave of subsurface professionals.
The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.
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The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average. -
BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
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Updates about global exploration and production activities and developments.
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The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
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Updates about global exploration and production activities and developments.
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Sale 262 will be the first new auction covering leases in US Gulf federal waters in 2 years.
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Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
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The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.
