Exploration/discoveries
Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
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The well is in the Orange Basin where Shell and TotalEnergies made significant oil finds on the Namibia side. -
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.
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Satellite discovery will likely be tied back to one of the Troll platforms.
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Dry hole dampens spirits in Brazil’s Sergipe-Alagoas Basin.
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New FPS hosting production from a trio of deepwater fields.
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Operator purchases outstanding interest in shallow water producing properties
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African nation becoming the latest global hotspot for giant oil finds.
