Exploration/discoveries
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
-
BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule. -
Updates about global exploration and production activities and developments.
-
The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
-
Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
-
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
-
Updates about global exploration and production activities and developments.
-
Sale 262 will be the first new auction covering leases in US Gulf federal waters in 2 years.
-
Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
-
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.
