Exploration/discoveries
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
Rystad Energy expects the continent to account for the largest share of frontier and basin-opening wells in 2026 as operators pursue scale and untapped resources.
Updates about global exploration and production activities and developments.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE. -
The Norwegian government grants a 20-year license extension for Ekofisk.
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Two new wells will add 20,000 BOED to the field’s overall production volumes.
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A total of 59 blocks were awarded to 13 companies.
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First well suffered mechanical issues, while the followup encountered noncommercial quantities of oil.
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The well is in the Orange Basin where Shell and TotalEnergies made significant oil finds on the Namibia side.
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New discoveries in the Meleiha concession add 8,500 BOE to production.
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Oil find will be tied into existing infrastructure for development.
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The three US lease auctions were the last planned under the current 5-year federal leasing plan.
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
