Exploration/discoveries
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
-
Additional wells are planned for the GOM field in 2023 and 2024. -
The government is targeting a “fairer share” of the revenues from oil and gas developments.
-
The French operator plans to drill the first exploration well on an onshore tract during 2023.
-
The next drilling target will look for reserves in three different plays in Louisiana.
-
Petrobras will continue to operate the assets following the selldown of working interest.
-
The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
-
Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
-
Success at Ofelia sets up another tieback development to the nearby Gjøa platform.
-
The company will produce twilight barrels and conduct abandonment work when the field is deemed uncommercial.
-
Good news in Block 53 is offset by disappointing results in Block 58.
