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.
-
A 25th licensing round on the Norwegian Continental Shelf has been announced. -
The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.
-
The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.
-
The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.
-
The Houston-based exploration company will work with the Abu Dhabi National Oil Company if it strikes big in the vast onshore block.
-
Zion expects to spud the Megiddo-Jezreel #2 well at its current well location near Bet She'an by the middle of this month. The new license may be extended for a total of 12 months.
-
Africa Oil announced Impact Oil & Gas entered into two agreements for exploration areas offshore South Africa. The company has a 31.10% shareholding in Impact, a privately owned exploration company.
-
The seismic consortium comprising PGS, TGS, and WesternGeco was awarded a multiyear contract by Petronas to acquire and process up to 105,000 km2 of multisensor, multiclient 3D data in the Sarawak Basin, offshore Malaysia.
-
Hess completed the sale of its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico (GOM) to BHP, the field’s operator, for $505 million.
-
Greenland opened three new offshore areas for application of oil and gas exploitation licenses off West Greenland. The areas are Baffin Bay, Disko West, and Davis Strait.
