Exploration/discoveries
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
In Asia, Valeura Energy and PTTEP advanced a Gulf of Thailand gas project, while Murphy Oil and Seadrill moved forward with projects in Vietnam, Indonesia, and Malaysia. In the Americas, Perenco, Petrobras, and Equinor advanced projects in Brazil, Canada, and elsewhere. Other developments included updates from Equinor, Serica Energy, BW Energy, and Sharjah National Oi…
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
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Petrobras will continue to operate the assets following the selldown of working interest. -
The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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Success at Ofelia sets up another tieback development to the nearby Gjøa platform.
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The company will produce twilight barrels and conduct abandonment work when the field is deemed uncommercial.
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Good news in Block 53 is offset by disappointing results in Block 58.
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President Mnangagwa touts the current probe in the northern part of the country.
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Results from third test well in the Kavango basin are being analyzed by the partners.
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FPSO will feed gas from GTA development to nearby FLNG infrastructure.
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Development duo is expected to add more than 12,000 B/D of oil production at peak.
