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.
-
The Glaucus-2 well confirms the existence of a multi-TCF gas field. -
A sidetrack is planned to confirm commercial quantities of oil and gas.
-
Saudi looks to increase natural gas role in electricity production.
-
New discovery could hold 100 million barrels of oil.
-
Ecuador program will involve over 40 wells over 18 months.
-
Venus well could prove 2 billion-barrel find.
-
Malaysia Bid Round 2022 is promoting 14 exploration blocks in addition to known discovery areas.
-
Licenses include a dozen in the North Sea, 10 in the Norwegian Sea and 4 in the Barents
-
Additional tie-back opportunities should move even more volumes through the facility.
-
Partners confirm find, begin planning for additional well in the area.
