Exploration/discoveries
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.
Updates about global exploration and production activities and developments.
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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FPSO will feed gas from GTA development to nearby FLNG infrastructure. -
Development duo is expected to add more than 12,000 B/D of oil production at peak.
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An independent consultant believes the find could hold 1.7 billion bbl of recoverable reserves.
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The previous wells in the program have exceeded type curve estimates.
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The sale had 307 valid high bids worth more than $190 million.
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The deepwater find will now be delineated to verify size.
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The new well results boost Baleine field volumes in place by 25%.
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The operator expects most of the field’s estimated 90 million BOE to be oil.
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The project comprises a pair of subsea wells tied back to the host spar.
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If successful, the production could be tied back to the nearby Gjoa platform.
