Egypt most recently signed nine exploration agreements with six local and international oil companies in January
Exploration
Posted inExploration
How Saudi Aramco is using digital technology to revolutionise its business
Saudi Aramco experts from exploration and geophysical departments explore the massive changes that digital technology has brought to the company, and its potential for the future
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
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
The world will not have enough oil to meet demand through 2050 unless exploration accelerates
To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of oil need to be added to currently producing assets
Posted inExploration
Global discovered oil and gas resources set to reach 10 billion boe in 2020
Rystad Energy writes that 73 discoveries were made as of October 2020, split evenly offshore and onshore
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
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
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