Exploration/discoveries
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021.
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Updates about global exploration and production activities and developments. -
While new imaging capabilities are rejuvenating old data so explorers can discover hydrocarbons, finding and developing reserves is increasingly complicated.
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The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
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The new schedule plans for sales in the US Gulf and Alaska through 2039.
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The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
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BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
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Updates about global exploration and production activities and developments.
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The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
