Total signed a Heads of Agreement with Oman’s Ministry of Oil and Gas for the exploration license for Block 12, which is spread over 10,000 square kilometres
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ADNOC inks $170mn exploration concession agreement with Indian consortium
Indian consortium will focus on conventional oil and gas opportunities in Onshore Block 1, which includes already discovered but undeveloped fields and covers a large area around Ruwais
Saudi Aramco to use autonomous subsea seismic acquisition fleet for Red Sea exploration
Saudi Aramco plans to use 200 of its Spice Rack autonomous subsea seismic acquisition units, created in collaboration with EXPEC ARC, Seabed Geosolutions and other partners, in its Red Sea ocean bottom survey.
ADNOC signs $176mn onshore exploration concession agreement with Japan’s Inpex
Inpex awarded 35-year concession and will invest up to $176mn during the exploration phase
Emerson and Repsol to form alliance on cloud-based exploration and development software
The alliance is expected to help energy producers execute digital transformation, achieve fastest first oil with leading subsurface technologies
Egypt launches international bidding round for 10 Red Sea exploration blocks
The ministry said this falls within its strategy to “achieve optimum economic utilisation of all potentials and natural resources to contribute to the sustainable development of Egypt”
Oman signs $59mn exploration and production sharing agreement with Occidental Oman
Oman’s Ministry of Oil and Gas tweeted out the announcement
Eni granted two exploration blocks onshore Egypt
Existing infrastructure is expected to help speed up production if exploration is successful
ADNOC awards first onshore exploration concession to Occidental
USA’s Occidental will receive 35-year concession and invest $244 mn during the
exploration phase of Onshore Block 3
Exploration is the foundation of the oil and gas industry, and not in the way you might think
It is easy to get caught up in the day-to-day bustle of oil production, but its roots are inquisitive minds and explorative instincts