Exploration/discoveries
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.
Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon. -
Technology and partnerships play a pivotal role in how the oil industry finds and produces energy from frontier regions and brownfields, both now and in the future.
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Kuwait Petroleum’s managing director of planning and finance said that more investment will be needed to keep Kuwait’s mature oil fields flowing while production is brought on stream.
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The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
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The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.
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Updates about global exploration and production activities and developments.
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Updates about global exploration and production activities and developments.
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International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
