Exploration/discoveries
Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area. -
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.
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South American country looks to revitalize its offshore oil industry by offering 32 new blocks for exploration
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Total number of applicants down for latest Barents Sea frontier licensing round.
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Independent producer’s 2021 exploration budget will remain flat at around $150 million.
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ExxonMobil’s Kerry Moreland, a geoscientist, managed breakthrough discoveries in the early stage of her 15-year career that have positioned the company for decades to come in South America. Now she is pursuing similar goals in Africa and Asia Pacific, as she explains in a moderated interview at this week’s IPTC in Kuala Lumpur.
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The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.
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The Mexican state oil company believes it has found a new oil field on par with past billion-bbl finds.
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Increasing downhole pressures were the culprit, rig will be released as planned.
