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 move is part of a larger reset, cutting the operator’s international exposure -
Major makes another discovery in Stabroek block, comes away empty in Canje
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Oman will open a new round of bidding on two onshore blocks from which previous license holders are exiting and a promising offshore block near where production has recently been initiated from the Yumna field.
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CEO John Hess said the Whiptail discovery could form the basis for a future oil development in the southeast area of the Stabroek Block.
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Ministry reveals shale finds during tests in sensitive basin.
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The gas find is likely to be tied back to the nearby Jangkrik floater.
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Significant Perdido-region find could merit its own host.
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Contract for a dozen wells plus options to begin next year.
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The semisubmersible will begin North Sea work in early 2022.
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New find could add 150 million BOE to reserves.
