Exploration/discoveries
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.
-
Updates about global exploration and production activities and developments. -
While new imaging capabilities are rejuvenating old data so explorers can discover hydrocarbons, finding and developing reserves is increasingly complicated.
-
The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
-
The new schedule plans for sales in the US Gulf and Alaska through 2039.
-
The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
-
BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
-
Updates about global exploration and production activities and developments.
-
The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
-
Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
-
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
