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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Drillship will be used on the third phase of BC-10 activity. -
Discovery near field’s northern reaches will be fast-tracked for production.
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Three wells planned, including a Hibiscus Extension well.
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Infrastructure-led exploration program leads to significant find.
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New find will likely be tied into future Johan Castberg infrastructure.
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African oil and gas is increasingly becoming an investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations and as Africa itself seeks to enter the 21st century.
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Standalone or subsea development options remain in play.
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The development scheme may include possible tie-in to the nearby Solveig field.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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Latest Canje Block test does not find commercial hydrocarbons.
