Exploration/discoveries
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.
CERAWeek panelists see AI as a way to leverage data and people in interpreting data for exploration, but a cultural shift at companies may still be needed.
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Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market. -
The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
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Updates about global exploration and production activities and developments.
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After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.
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Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.
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The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
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If the find is commercially viable, the company and its partners say a subsea-to-shore development plan could produce first gas as early as 2027.
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Updates about global exploration and production activities and developments.
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The birthplace of Royal Dutch Shell, Indonesia and Malaysia, buck trends and grow their gas and oil industries, expecting a record number of final investment decisions in the next 4 years in gas, deep water, and carbon capture projects to support Southeast Asia’s booming economic growth.
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Updates about global exploration and production activities and developments.
