Exploration/discoveries
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
Updates about global exploration and production activities and developments.
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An Equinor-led partnership to test prospect northeast of Visund. -
Operators seek deepwater reserves on the Mexican side of the Gulf of Mexico.
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A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin.
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By 2030, deepwater production is expected to rise 60%, but after that, reduced leasing and exploration could limit this small slice of the sector.
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The Cengkih discovery will likely be tied back to the nearby Pegaga field.
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The awards are part of the third and fifth bidding rounds launched last year.
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Additional wells are planned for the GOM field in 2023 and 2024.
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The government is targeting a “fairer share” of the revenues from oil and gas developments.
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The French operator plans to drill the first exploration well on an onshore tract during 2023.
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The next drilling target will look for reserves in three different plays in Louisiana.
