It said that its total reserves would now accommodate three to four years of customer demand
Exploration
Posted inExploration
Global oil and gas discoveries reach four-year high in 2019
Oil and gas companies discovered 12.2bn barrels of oil equivalent in 2019
Posted inDRILLING & PRODUCTION
Big E&P spending still needed, but fields with break-even above $60 are priced out: Rystad Energy
As the world transitions to a less carbon-intensive future, Rystad Energy forecasts that the global inventory of already discovered oil fields with a breakeven oil price of below $60 Brent (real) is sufficient to meet demand growth and offset declines from maturing fields until around 2027
Posted inProducts & Services
ADNOC partners with Total to use drones in search for oil and gas resources
The pilot project uses Total’s Multiphysics Exploration Technologies Integrated System (METIS®), the world’s first automated seismic acquisition system
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 inProducts & Services
IHS Markit and Schlumberger to collaborate on GAIA digital subsurface platform
Collaboration will provide analytics-ready data from IHS Markit directly accessible from the GAIA platform
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
Posted inExploration
Morocco-focused Sound Energy makes board changes amid restructuring
The company failed to achieve a commercial flow rate in its Eastern Morocco site, and expects to reduce its expenses by more than 50%
Posted inExploration
Iran’s NIOC signs $5bn research deals to start ‘new generation of exploration’
The director of NIOC’s exploration department called it a new generation of exploration activities in Iran’s northeast region