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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Target sands for the Beebei-Potaro well find water. -
Fast-track development options are currently under review for the discovery.
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The operator believes the region has high potential for multiple hub-class targets.
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The South China Sea test could lead to a multibillion-barrel find.
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RODW-1 well is the third success for Eni, Sonatrach in current campaign.
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Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The operator finds around 180 million bbl at Krabdagu, water at Rasper.
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The development comprises a pair of subsea wells tied back to existing infrastructure.
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The award follows BP’s participation in a limited bid round held in 2021.
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New awards and extensions to previous work are valued at almost $500 million.
