Exploration/discoveries
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.
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Aram block was awarded as part Brazil’s 6th Pre-Salt Round. -
Operator inks $252 million deal for use of newbuild drillship.
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Deal marks the first ADNOC partnership with Pakistani energy companies.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
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Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.
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Applications will now be reviewed, and licenses will be awarded sometime in 2022.
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New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
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New find could hold up to 200 million BOE in place.
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Rig will shift to drill Bonboni prospect before returning for Sapakara South flow test.
