Exploration ///

Offshore oil recovery beginning in world's harshest environments

Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value.

SDX Energy's KSS-2 well disappoints in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, announces that the KSS-2 well on the Sebou permit in Morocco was drilled to a TD of 1,293 m, encountering 8 net m of high quality reservoir interval in the Gaddari and Guebbas sequences with an average porosity of 30%. However, while the intervals came in on prognosis, they had low gas saturation and were not deemed to be commercial.

Trinidad Drilling considers sale as Canadian E&P activity slumps

Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue.

Eco Oil & Gas announces acquisition of minority interest in Guyana subsidiary

Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, is pleased to announce that Eco (Guyana) Oil and Gas (Barbados) Ltd. (Eco Barbados), a wholly owned subsidiary of the Company, has agreed to acquire the remaining 6% interest in Eco (Atlantic) Guyana Inc. (Eco Guyana), following which Eco Guyana will become a wholly owned subsidiary of the company.

Interior sets date for largest oil, gas lease sale in U.S. history

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

The Philippines in talks with China for joint sea exploration

The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said Friday.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

East Canada’s Noia says more clarity required on new environmental assessment legislation

Following its successful Annual General Meeting (AGM) held yesterday, the Newfoundland and Labrador Oil & Gas Industries Association, Noia, states the Association will continue to seek clarity on proposed environmental assessment legislation announced by the federal government on Feb. 8, 2018.

TAG Oil reports potential oil pay in New Zealand's Taranaki basin

TAG Oil Ltd. has provided a positive update on its Pukatea-1 exploration well, which was spudded on Jan. 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki basin of New Zealand.

What's New in Exploration

William (Bill) Head, Contributing Editor

Successful exploration is the art of managing failure

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

API: Florida Petroleum Council says offshore exploration beneficial to Florida's economy

Florida Petroleum Council Executive Director David Mica today pointed to Florida’s significant economic opportunity to safely and responsibly develop Florida’s offshore energy resources in advance of the Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan.

Total-led consortium enters Lebanon with two deepwater E&P contracts

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon.

Sound Energy provides operational update on Morocco work program

Sound Energy, the Moroccan upstream gas company, is pleased to provide details of its 2018 work program and an update on the Company's acquisition of geophysical and geological data in Eastern Morocco.

Eni reports "Zohr like" discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6, offshore Cyprus with Calypso 1 NFW.

Total acquires exploration rights in the Guyana basin

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block.

Qatar Petroleum signs agreement for exploration in South Africa

Qatar Petroleum entered into an agreement with Total of France to acquire a 25% participating interest in the Exploration Block 11B/12B, offshore South Africa.

Statoil contracts West Hercules semisubmersible for exploration drilling in the Barents Sea

The West Hercules semisubmersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells.

Shell wins nine key blocks in Mexico deepwater bid round

In the deepwater bid round for the Mexican Gulf of Mexico, Shell Exploración y Extracción de México, S.A. de C.V., (Shell) won four exploration blocks on its own, one with its partner Pemex Exploración y Producción and four with its partner Qatar Petroleum International Limited.

Shell's deepwater Whale well strikes pay in the Gulf of Mexico

Shell Offshore Inc. has announced one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deepwater well. The well encountered more than 1,400 net ft (427 m) of oil bearing pay.