Exploration/discoveries
Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.
CERAWeek panelists see AI as a way to leverage data and people in interpreting data for exploration, but a cultural shift at companies may still be needed.
Updates about global exploration and production activities and developments.
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New gas discovery is the first made on the Norwegian continental shelf this year -
Wood Mackenzie said "advantaged barrels" that are cheap to extract and with low emissions represent less than a third of untapped resources.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
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The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
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A total of 20 new exploration blocks are on offer within the Israeli Economic Zone.
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The Agua-Marinha block is located in the Campos Basin off Brazil.
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Equinor will participate in 25 exploration wells on the NCS this year.
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New well on the Gydan Peninsula strikes gas and condensate.
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Both finds will be tied back to the nearby Ram-Powell TLP.
