Exploration/discoveries
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
Operator started planning the development before it made its latest North Sea discovery.
-
The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell. -
Aram block was awarded as part Brazil’s 6th Pre-Salt Round.
-
Operator inks $252 million deal for use of newbuild drillship.
-
Deal marks the first ADNOC partnership with Pakistani energy companies.
-
-
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.
-
Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.
-
Applications will now be reviewed, and licenses will be awarded sometime in 2022.
-
New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
-
New find could hold up to 200 million BOE in place.
