Exploration/discoveries
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.
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
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Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG. -
Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.
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Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.
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The well is the operator’s third discovery over the past 6 months in the region.
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Northern Nigerian prospect could hold a billion barrels of resource.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
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Two unconventional gas reservoirs were found underlying existing producing fields.
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The four blocks on offer could contain around 4 billion bbl of oil.
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The Norwegian Sea field is expected to come on stream in late 2025.
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Crude output from the country is now less than 15,000 B/D.
