Exploration/discoveries
The deal targets increased investment and production from one of the country’s largest onshore developments.
Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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The Norwegian Sea field is expected to come on stream in late 2025. -
Crude output from the country is now less than 15,000 B/D.
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The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block.
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The French supermajor is looking to drill Lebanon's first successful exploration well by the end of next year.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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The well is targeting middle and lower Jurassic-aged reservoirs.
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Baodao 21-1 is the first deepwater, deep-stratum large gas field in the South China Sea.
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At 50,000 ft, the well is about 800 ft longer than the previous record holder.
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The partners will explore Block 2K, an ultradeepwater block off Sabah.
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The find is part of the Angola Block 15 redevelopment project expected to deliver around 40,000 B/D of additional production.
