The first phase of exploration will involve a 3D seismic survey and two exploration wells
Exploration
Posted inExploration
Half-year discoveries total 4.9 billion boe, lowest of the century
The resource volumes were 42% lower and the number of discoveries was down by 31% compared to the same period in 2019
Posted inExploration
New gas discovery in the Mediterranean Sea offshore Egypt
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license
Posted inExploration
KSA-based seismic solutions company ARGAS targets global expansion
The agreement waives all territorial, technical, commercial exclusivities and any other restrictions previously in place
Posted inExploration
Market conditions could cancel more than half of 2020 licensing rounds
Rystad Energy lists licensing rounds that are likely to go ahead, unlikely, or tentative
Posted inExploration
Targeted billion-barrel oil resources at risk as exploration wells may face delays
At least nine of the world’s top planned exploration wells for 2020 are at risk
Posted inExploration
Q&A: SNOC CEO on the Mahani discovery and the future for Sharjah
Sharjah National Oil Company CEO Hatem El Mosa discusses the company’s first gas discovery in more than three decades, its next steps, and how low oil prices could impact Sharjah.
Posted inExploration
Global E&P capex to reach 13-year low in 2020: Rystad Energy
Global capex for exploration and production is expected to drop by up to $100 billion
Posted inExploration
ENI to cut 2020 capex by 25% amid coronavirus pandemic
The company is planning to reassess its Middle East projects
Posted inExploration
ENI to review Middle East projects
The company said it will have a revised plan in the coming month