In consideration for the 20% interest acquired, Tethys Oil will pay to Biyaq a sum of up to $9.5mn
Exploration
Posted inExploration
BP’s Orca-1 is 2019’s largest gas discovery: Rystad Energy
The discovery offshore Mauritania holds around 1.3bn barrels of oil equivalent
Posted inExploration
Norway has highest number of oil and gas discoveries in Q3 2019, says GlobalData
By region, South America and Europe led Q3 with eight discoveries each, followed by Asia and Africa with five each
Posted inExploration
SDX Energy begins 12-well drilling campaign targeting 15bcf gas in Morocco
Seven of the wells are low-risk and close to existing infrastructure, while the five remaining carry a higher risk
Posted inExploration
Eni discovers new resources in the Gulf of Suez offshore Egypt
A rapid development plan is underway for the discovery with a “fast-track” approach, leveraging on existing infrastructures in the vicinity of the well and maximizing facilities
Posted inExploration
South America and Europe had highest number of oil and gas discoveries in Q3 2019: GlobalData
38 discoveries were made globally in Q3 2019
Posted inExploration
Norwegian Barents Sea requires continued exploration to sustain long-term growth, says GlobalData
Barents Sea oil and gas exploration has been ongoing since the 1980s and approximately 60 discoveries have been made in the Norwegian sector of the sea alone
Posted inExploration
Iran discovers natural gas field with 13tcf recoverable reserves
Eram field can reportedly produce 400mn barrels of gas condensate, which would be worth $40bn
Posted inExploration
Eni makes significant gas and condensates discovery onshore Niger Delta
The well can deliver in excess of 100 million standard cubic feet/day of gas and 3,000 barrels/day of associated condensates, and will be immediately put on-stream
Posted inExploration
Eni awarded West Ganal exploration block in the Kutei Basin Indonesia
West Ganal is a new Gross Split PSC (Production Sharing Contract) covering an area of about 1,129 square kilometers adjoining the Eni operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore East Kalimantan