Exploration/discoveries
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
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Discovery near field’s northern reaches will be fast-tracked for production. -
Three wells planned, including a Hibiscus Extension well.
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Infrastructure-led exploration program leads to significant find.
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New find will likely be tied into future Johan Castberg infrastructure.
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African oil and gas is increasingly becoming an investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations and as Africa itself seeks to enter the 21st century.
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Standalone or subsea development options remain in play.
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The development scheme may include possible tie-in to the nearby Solveig field.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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Latest Canje Block test does not find commercial hydrocarbons.
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OBR 4 will include license opportunities in the country’s exclusive economic zone.
