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.
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…
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
-
Fast-track development options are currently under review for the discovery. -
The operator believes the region has high potential for multiple hub-class targets.
-
The South China Sea test could lead to a multibillion-barrel find.
-
RODW-1 well is the third success for Eni, Sonatrach in current campaign.
-
Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
-
The operator finds around 180 million bbl at Krabdagu, water at Rasper.
-
The development comprises a pair of subsea wells tied back to existing infrastructure.
-
The award follows BP’s participation in a limited bid round held in 2021.
-
New awards and extensions to previous work are valued at almost $500 million.
-
The license covers exploration and development of area fields for next 27 years.
