Exploration/discoveries
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.
The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
-
State-run company will direct $2 billion towards frontier drilling in the area. -
Petroleum Development Oman is building infrastructure for the project’s initial phase.
-
Statfjord has produced 5.1 billion barrels of oil equivalent over its four-plus decades online.
-
New discovery pair drilled near Fram field.
-
New find located in Shell’s prolific Perdido Corridor in western US Gulf.
-
State-run Staatsolie retains its 40% stake in Block 5.
-
Phase 2 production should reach 40,000 BOE/D by mid-2022.
-
Onshore stake valued at $1.1 billion.
-
Compared with 2020, the largest discoveries made last year may hold just a third of the oil and gas reserves, according to new data from Westwood Global Energy Group.
-
Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023.
