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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Total number of applicants down for latest Barents Sea frontier licensing round. -
Independent producer’s 2021 exploration budget will remain flat at around $150 million.
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ExxonMobil’s Kerry Moreland, a geoscientist, managed breakthrough discoveries in the early stage of her 15-year career that have positioned the company for decades to come in South America. Now she is pursuing similar goals in Africa and Asia Pacific, as she explains in a moderated interview at this week’s IPTC in Kuala Lumpur.
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The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.
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The Mexican state oil company believes it has found a new oil field on par with past billion-bbl finds.
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Increasing downhole pressures were the culprit, rig will be released as planned.
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The drilling program is the first exploration well to be drilled in production license 785 S.
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The find kicks off Petrobras’ latest drilling campaign, which is focused primarily on offshore blocks holding subsalt potential that the company acquired at a series of bid rounds that started in 2017.
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The Gulf of Mexico discovery, a product of infrastructure-led exploration, boasts 100 million bbl of gross potential.
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With all permits, personnel, and equipment in place, Zion is set to operate the well.
