Exploration/discoveries
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
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The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub. -
The new policy aims to accelerate the leasing timeline and expand access to public lands.
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The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
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Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
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EVP Giulia Chierchia and Chairman Helge Lund are stepping down amidst difficult Q1.
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Updates about global exploration and production activities and developments.
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SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.
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The latest deepwater exploration well offshore Namibia has found 38 m of net pay and flowed more than 11,000 BOPD of 37 °API oil during testing.
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The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
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The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
