Exploration/discoveries
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
Alaskan oil is entering a renaissance driven by a predicted 13% upswing in 2026 production, the largest since the 1980s, and a possible reboot of LNG exports to Asia from the Kenai Peninsula, supplied via pipeline from the North Slope.
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The initial well is being reviewed along with other discoveries in the area for possible joint development. -
Woodside Energy’s deepwater Sangomar field offshore Senegal has reached first oil, and company CEO Meg O’Neill called the reservoir quality “very, very close” to pre-drill predictions.
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A May expedition identified 10 mud volcanos on the Norwegian Continental Shelf, and geochemical and biostratigraphy tests are underway to determine the age of the mud and the potential for hydrocarbons.
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If confirmed, the 14 billion BOE believed to lie at the bottom of the East Sea could satisfy Korea’s gas demand for 29 years.
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Updates about global exploration and production activities and developments.
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Oil remains an indispensable and irreplaceable part of the global energy mix. As convenient, efficient, and highly energy-dense sources, natural gas and oil are simply unmatched by any currently available alternatives.
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JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.
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The latest successful drilling campaign brings Suriname’s discovered resources to over 2.4 billion bbl of oil, according to Wood Mackenzie.
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The operator remains on track to green light the nearby Kaskida find before year-end.
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Updates about global exploration and production activities and developments.
