Exploration ///

BP acquires interest in Kosmos Energy assets offshore Senegal

Kosmos Energy announced today that it has received government approval and completed its previously announced transaction with BP in Senegal.

Europe savors taste of Brazilian oil with more blocks opening

European oil majors given a taste of Brazil may soon be ready for more.

LUKOIL and INPEX complete well test in southern Iraq's Block 10

LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq.

Foothills Exploration brings two Duck Creek project wells into production

Foothills Exploration, Inc., an independent oil and gas E&P company engaged in the acquisition and development of properties in the Rockies and Gulf Coast, today announced that, since acquiring Tiger Energy Partners International on December 30, 2016, the Company has successfully reworked two wells in its Duck Creek project, obtaining production from the Green River formation.

Fugro Discovery to commence frontier seeps survey offshore Kenya

Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration program that was completed recently offshore Kenya.

CGG wins multi-year dedicated center contract for Brunei Shell Petroleum

PARIS -- CGG announced that it has been awarded a contract by Brunei Shell Petroleum to operate a dedicated processing center (DPC) at its Seria office in Brunei Darussalam.

Rosneft begins drilling first exploration well in Iraq

Rosneft has begun drilling of the first exploration well at the Block 12 in the Republic of Iraq.

Sound Energy commences drilling of third Tendrara well in Morocco

Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco.

Saipem awarded onshore drilling contracts worth $240 million

Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million.

SOCO reports approval of Te Giac Trang field development plan in Vietnam

SOCO, an international oil and gas E&P company, announces that the Hoang Long Joint Operating Company has received from the Government of the Socialist Republic of Vietnam the formal approval of the updated Full Field Development Plan (FFDP) for the Te Giac Trang (TGT) field, offshore southern Vietnam.

CGG completes industry-first AGG survey for Bahrain Petroleum Company

CGG has completed the acquisition and processing of the first-ever airborne gravity gradiometry (AGG) survey of the Kingdom of Bahrain.

Rosneft begins drilling first exploration well at Solimoes project, Brazil

Rosneft Brasil (100% owned Rosneft subsidiary) started the drilling of the first exploration well in the Solimoes basin.

Eni, BP pouring more investment into Egypt than anywhere else

Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, CEO Claudio Descalzi said.

What oil crisis? Arctic drilling off Norway set for record

Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60/bbl.

Lukoil reports 0.7 Bboe added in 2016 proved reserves

Based on the geological exploration results and the revision of previous estimates, LUKOIL added 0.7 Bbbl of oil equivalent to its proved reserves in 2016.

Bell Geospace introduces Malaysian multi-client FTG program

The multi-client FTG Program includes airborne 3D Full Tensor Gradiometry (FTG) and magnetic survey data that will be undertaken over offshore Peninsular Malaysia, Sarawak and Sabah.

Petro River Oil identifies significant reserve potential with new 3D seismic data

Petro River Oil, an independent oil and gas exploration company utilizing the latest 3D seismic technology, announced today that recently acquired and reprocessed 3D seismic data has shown positive results in three of the Company’s project areas located in California and Oklahoma.

At $60,000 an acre, Permian may be too ritzy as crude rises

Record prices for drilling rights in the Permian basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big gushers.

Lundin Norway granted drilling permit in North Sea

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-27, cf. Section 8 of the Resource Management Regulations.

The Getech Group wins OGA 21CXRM contract for UKCS study

Getech, providers of natural resources exploration data and information expertise, has been awarded a contract by the Oil and Gas Authority (OGA), in collaboration with the 21CXRM Technical Advisory Committee, for a petroleum system-related study of the United Kingdom Continental Shelf (UKCS) South West Approaches region.