Exploration/discoveries
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
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Appraisal drilling at Block 58’s Sapakara South find is underway. -
Two unconventional gas reservoirs were found underlying existing producing fields.
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The four blocks on offer could contain around 4 billion bbl of oil.
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The Norwegian Sea field is expected to come on stream in late 2025.
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Crude output from the country is now less than 15,000 B/D.
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The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block.
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The French supermajor is looking to drill Lebanon's first successful exploration well by the end of next year.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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The well is targeting middle and lower Jurassic-aged reservoirs.
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Baodao 21-1 is the first deepwater, deep-stratum large gas field in the South China Sea.
