Exploration/discoveries
This study applies Monte Carlo simulation and an XGBoost regression model to assess the influence of various formations, geologic provinces, tectonic-plate types, and boundary conditions on hydrogen concentrations.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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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Project consists of two production wells and a subsea tieback to ETAP. -
The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
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The discovery in Putumayo could benefit from nearby existing infrastructure.
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The Anita Garibaldi was built by MODEC and will produce Marlim and Voador together with FPSO Anna Nery, already in operation.
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Mukuyu-1 sidetrack proves a working hydrocarbon system in the Cabora Bassa basin.
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Wellesley estimates that the drilling campaign has proved a developable gas-condensate accumulation of 60 to 100 million BOE.
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The Uganda oil project envisions drilling more than 450 wells on 35 well pads, leading to an estimated production of 230,000 BOPD at its peak once production starts up.
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The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells.
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Challenges to development, including costs, cited as reasons for turning back the acreage.
