Exploration/discoveries
GranTierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel&Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.
Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
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The deepwater find will now be delineated to verify size. -
The new well results boost Baleine field volumes in place by 25%.
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The operator expects most of the field’s estimated 90 million BOE to be oil.
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The project comprises a pair of subsea wells tied back to the host spar.
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If successful, the production could be tied back to the nearby Gjoa platform.
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Target sands for the Beebei-Potaro well find water.
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Fast-track development options are currently under review for the discovery.
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The operator believes the region has high potential for multiple hub-class targets.
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The South China Sea test could lead to a multibillion-barrel find.
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RODW-1 well is the third success for Eni, Sonatrach in current campaign.
