Exploration/discoveries
Updates about global exploration and production activities and developments.
Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
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Six international and Egyptian companies will search for oil and gas in the Mediterranean and Red Sea with the drilling of 17 new exploration wells. -
Regionwide US Gulf of Mexico (GOM) Lease Sale 256 generated $120,868,274 in high bids for 93 tracts in federal waters. The sale on 18 November featured 14,862 unleased blocks covering 121,875 square miles.
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ConocoPhillips wildcat discovers significant natural-gas condensate resource.
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The well was meant to prove hydrocarbons in Triassic-aged sandstones within the Kobbe formation of the Polmak prospect.
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A 25th licensing round on the Norwegian Continental Shelf has been announced.
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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.
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The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.
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The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.
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The Houston-based exploration company will work with the Abu Dhabi National Oil Company if it strikes big in the vast onshore block.
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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.
