Exploration/discoveries
The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.
Updates about global exploration and production activities and developments.
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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Sapakara South flow test encouraging, but Bonboni well result disappoints. -
New phase to venerable field ushers in natural gas, lower-emissions focus.
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Santos basin pre-salt find to be further evaluated following completion of well.
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The Yoti West-1 encountered oil in upper Miocene-aged sands.
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The field near Shetland had been the subject of environmental protest.
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Deal with OMV raises interest to 35% on Barents Sea project slated to come online in 2028.
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Planned seismic survey will cover shallow water acreage ahead of a planned bid round in 2023.
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Tests confirm significant progress in deep shale gas exploration at a depth of over 4,000 meters.
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Large gas development expected to come online as early as 2025.
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Producer gets minority interest in two licenses offered in 12th Offshore Round.
