Exploration/discoveries
Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021.
INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.
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.
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The operator finds around 180 million bbl at Krabdagu, water at Rasper. -
The development comprises a pair of subsea wells tied back to existing infrastructure.
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The award follows BP’s participation in a limited bid round held in 2021.
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New awards and extensions to previous work are valued at almost $500 million.
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The license covers exploration and development of area fields for next 27 years.
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The former North Platte discovery gets new owner, new name
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The rural Weld County projects total almost 100 new wells in the Wattenberg.
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The well plan follows a memorandum of understanding covering natural gas cooperation in the region.
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The discoveries bring the total number of its finds offshore Guyana to more than 25.
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Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo.
