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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Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo. -
The new finds could add more than 600 million BOE of gross crude reserves.
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The new agreement will see the partnership jointly invest in four deepwater projects.
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The duo looks to new drilling of the $8-billion pre-salt project in the Santos Basin.
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The partners decide on a single operator for finds in the NOAKA area.
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The Cronos-1 well gets underway after 2-plus years of pandemic-related delays.
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A large gas prospect offshore Norway fails to deliver
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The well had been touted as one of the most anticipated in the North West Shelf for many years.
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The new discovery is expected to de-risk 50 Bcm of resources in region off Israel.
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The extension will keep the semisubmersible rig busy to April 2025.
