Exploration/discoveries
The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.
Updates about global exploration and production activities and developments.
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The French supermajor is looking to drill Lebanon's first successful exploration well by the end of next year. -
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.
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An Equinor-led partnership to test prospect northeast of Visund.
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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.
