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.
-
Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale. -
Applications will now be reviewed, and licenses will be awarded sometime in 2022.
-
New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
-
New find could hold up to 200 million BOE in place.
-
Rig will shift to drill Bonboni prospect before returning for Sapakara South flow test.
-
Successful sidetrack will be fast-track developed via the nearby Marlin TLP.
-
Gas flows from Shell’s first greenfield project in Trinidad and Tobago.
-
Country ceases hydrocarbon licensing to focus on greener forms of energy production
-
New reserves will likely be developed via subsea tieback
-
Finds could lead to Turkey becoming an exporter of natural gas
