It will be used to push exploration and production through cutting edge technology
Exploration
Posted inExploration
Apex International Energy discovers oil in Egypt’s Western Desert
Testing of the Bahariya resulted in a peak rate of 2,100 barrels of oil per day
Posted inExploration
Egypt signs $1 billion worth of oil and gas exploration deals
Nine deals will see 17 wells drilled across the Mediterranean Sea and Red Sea
Posted inExploration
Saudi Aramco discovers four new oil and gas fields
Non-conventional oil has been discovered in al-Reesh oil field, north-west of Dhahran
Posted inExploration
Eni announces new oil discovery and production in Egypt’s Western Desert
The new discovery adds 10,000 barrels of oil per day to the current concession production
Posted inExploration
Eni expands its presence in UAE with the award of a majority stake and operatorship in Offshore Block 3
The block has been awarded following Abu Dhabi’s second competitive block licensing round aimed to unlock value from its substantial hydrocarbon resources
Posted inExploration
In century’s poorest licensing year, Norway led global awarded acreage, which reached 18-year low
Licensing rounds have been growing every single year since the previous downturn, reaching a high of 98 concluded rounds in 2019
Posted inExploration
China to be top market for onshore seismic in the next two years; global recovery to wait until 2022
Global onshore seismic purchases are expected to fall to $3.9 billion in 2020 from almost $5.4 billion in 2019
Posted inExploration
ADNOC awards Occidental onshore exploration block in second bid round
Occidental will hold a 100% stake in the exploration phase, investing up to $140 million