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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Statfjord has produced 5.1 billion barrels of oil equivalent over its four-plus decades online. -
New discovery pair drilled near Fram field.
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New find located in Shell’s prolific Perdido Corridor in western US Gulf.
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State-run Staatsolie retains its 40% stake in Block 5.
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Phase 2 production should reach 40,000 BOE/D by mid-2022.
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Onshore stake valued at $1.1 billion.
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Compared with 2020, the largest discoveries made last year may hold just a third of the oil and gas reserves, according to new data from Westwood Global Energy Group.
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Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023.
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UK-based oil company pulls out of South American country after non-commercial finds.
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Sapakara South flow test encouraging, but Bonboni well result disappoints.
