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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African nation becoming the latest global hotspot for giant oil finds. -
Plan to double gas output in order to help ease supply issues in Europe caused by Russian invasion.
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A successful appraisal well at the field has boosted reserves estimates as high as 1 billion barrels.
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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A sidetrack is planned to confirm commercial quantities of oil and gas.
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Saudi looks to increase natural gas role in electricity production.
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New discovery could hold 100 million barrels of oil.
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Ecuador program will involve over 40 wells over 18 months.
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Venus well could prove 2 billion-barrel find.
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Malaysia Bid Round 2022 is promoting 14 exploration blocks in addition to known discovery areas.
