Exploration/discoveries
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves. -
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.
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An independent consultant believes the find could hold 1.7 billion bbl of recoverable reserves.
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The previous wells in the program have exceeded type curve estimates.
