Exploration/discoveries
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
-
At 50,000 ft, the well is about 800 ft longer than the previous record holder. -
The partners will explore Block 2K, an ultradeepwater block off Sabah.
-
The find is part of the Angola Block 15 redevelopment project expected to deliver around 40,000 B/D of additional production.
-
An Equinor-led partnership to test prospect northeast of Visund.
-
Operators seek deepwater reserves on the Mexican side of the Gulf of Mexico.
-
A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin.
-
By 2030, deepwater production is expected to rise 60%, but after that, reduced leasing and exploration could limit this small slice of the sector.
-
The Cengkih discovery will likely be tied back to the nearby Pegaga field.
-
The awards are part of the third and fifth bidding rounds launched last year.
-
Additional wells are planned for the GOM field in 2023 and 2024.
