Exploration/discoveries
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.
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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Venture targeting analogous sands to adjacent Suriname discoveries. -
Drillship will be used on the third phase of BC-10 activity.
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Discovery near field’s northern reaches will be fast-tracked for production.
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Three wells planned, including a Hibiscus Extension well.
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Infrastructure-led exploration program leads to significant find.
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New find will likely be tied into future Johan Castberg infrastructure.
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African oil and gas is increasingly becoming an investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations and as Africa itself seeks to enter the 21st century.
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Standalone or subsea development options remain in play.
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The development scheme may include possible tie-in to the nearby Solveig field.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
