Exploration/discoveries
The Society’s archive of technical papers, maps, figures, and geological data sets will be integrated into the GIX platform, enabling geoscientists to query AI agents about exploration opportunities within specific geographic regions while combining historical research with public data, proprietary information, and advanced analytics.
New agreements for exploration and production in Africa include activity in the Orange Basin offshore Namibia, offshore Angola, Senegal, and Côte d’Ivoire. In the Gulf of Mexico, a memorandum of understanding for deepwater evaluation was signed between Woodside Energy and PEMEX and Viridien initiated its Walker Ridge Reimaging Extension. TotalEnergies provided a targe…
This work introduces a novel predictive methodology combining historical metocean data with real-time riser analysis for shallow water dynamically positioned rig operations.
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CNOOC Ltd., a branch of the China National Offshore Oil Corp., said in late June it had made a discovery at Huizhou 26-6 in the eastern South China Sea. -
Lukoil has begun wildcat drilling at an exploration well at the Shirotno-Rakushechnaya prospect structure, located north of the V.I. Grayfer field in the Caspian Sea.
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Exploration is widely perceived as discretionary, even unwarranted. A report from Wood Mackenzie, however, presented a different scene. Only about half the supply needed to reach 2040 is guaranteed from fields already on stream, it said. The rest requires new capital investment and is up for grabs.
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National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, said Wood Mackenzie.
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Qatar Petroleum entered into a farm-in agreement with Total E&P to acquire a 45% participating interest in two blocks located in the Ivorian-Tano basin, offshore the Republic of Côte d’Ivoire.
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Hit by the pandemic, the oil market crash, and the transition to a low-carbon energy future, exploration companies are spending bare budgets on near-term production and high-impact exploration.
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The Oil & Natural Gas Corporation (ONGC) has invited bids for partnership to raise production from 64 marginal fields that were given to the company by the government without bidding. As they are small in size, these fields are uneconomical for a larger company.
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A new licensing round will open up 136 blocks in the Arctic Barents Sea.
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Mississippi land no longer up for grabs, as the fed continues to postpone or cancel the sale of public parcels.
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TGS, with the support of TGS’ Russian partner DMNG, has completed its second phase of processing in the Russian Sea of Okhotsk.
