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…
-
Supermajor down, but not out of Brazilian exploration game. -
The operator had been in communication with government about the future of the permits since 2020.
-
Norwegian oil company gets $220 million for 28% of the license.
-
Italian company finds 200 million BOE with its Block 7 exploration well.
-
The first of two exploration wells planned to be drilled in Mexico's Block 30 is being hailed as a success by the German operator.
-
Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
-
After successfully identifying prospects offshore Namibia with Shell and TotalEnergies, QatarEnergy is now expanding its African footprint into Mauritania.
-
The nation set to offer 14 offshore blocks in April.
-
The operator adds equity interests in five discoveries in the region.
-
Initial production rates have exceeded 10,000 B/D of oil.
