Exploration/discoveries
In Asia, Valeura Energy and PTTEP advanced a Gulf of Thailand gas project, while Murphy Oil and Seadrill moved forward with projects in Vietnam, Indonesia, and Malaysia. In the Americas, Perenco, Petrobras, and Equinor advanced projects in Brazil, Canada, and elsewhere. Other developments included updates from Equinor, Serica Energy, BW Energy, and Sharjah National Oi…
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
The Society’s archive of technical papers, maps, figures, and geological data sets will be integrated into the GIX platform, enabling geoscientists to query AI agents about exploration opportunities within specific geographic regions while combining historical research with public data, proprietary information, and advanced analytics.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction. -
The Anita Garibaldi was built by MODEC and will produce Marlim and Voador together with FPSO Anna Nery, already in operation.
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Mukuyu-1 sidetrack proves a working hydrocarbon system in the Cabora Bassa basin.
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Additional milestones reached could add $14 million to purchase price.
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The discovery in Putumayo could benefit from nearby existing infrastructure.
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Wellesley estimates that the drilling campaign has proved a developable gas-condensate accumulation of 60 to 100 million BOE.
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The Uganda oil project envisions drilling more than 450 wells on 35 well pads, leading to an estimated production of 230,000 BOPD at its peak once production starts up.
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The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells.
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Challenges to development, including costs, cited as reasons for turning back the acreage.
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Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.
