Exploration ///

Peru repeals Tullow Oil laws signed as Kuczynski quit presidency

Peru’s President Martin Vizcarra repealed decrees permitting London-based Tullow Oil Plc to begin exploration at five offshore oil blocks, in a move criticized by the industry as creating uncertainty for investors.

Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

Zennor Petroleum offered five blocks in 30th UKCS license round

Zennor Petroleum Limited has announced that its wholly-owned subsidiaries, Zennor Pathway Limited and Zennor North Sea Limited, have been successful in the UK’s 30th offshore license round. Zennor participated in five applications in the round and has been offered five potential awards.

United Oil & Gas awarded two blocks in the UK North Sea, including Crown Oil discovery

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce that it has been provisionally awarded, in the UK Continental Shelf (UKCS) 30th offshore license round, two highly prospective blocks in the Central North Sea, including the Crown Oil discovery, which could contain up to 16 MMbbl of recoverable oil.

Faroe Petroleum awarded Edinburgh prospect in 30th UKCS license round

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded a new prospective exploration license under the 30th license round on the UK Continental Shelf (UKCS).

Azinor Catalyst awarded two licenses in UK government’s 30th offshore licensing round

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, has announced that it has been awarded two licenses in the UK government’s 30th offshore licensing round.

Faroe Petroleum commits to Brasse East exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in fourth-quarter 2018.

SDX Energy's Kelvin-1X well disappoints in Egypt

SDX Energy's Kelvin-1X well dissapoints in Egypt

Kosmos Energy to re-spud Suriname wildcat

Kosmos Energy has provided an update on current activity in Suriname.

Azinam to execute multi-well drilling campaign offshore Namibia

Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, is pleased to announce that it is planning a multi-well drilling campaign over the next 24 months.

SDX Energy confirms significant discovery in South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well, following the recent conventional natural gas discovery at South Disouq, Egypt

CNOOC, Husky sign PSCs for exploration blocks in the South China Sea

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited for Block 22/11 and 23/07, in the South China Sea.

Echo Energy reports gas discovery at first of four exploration wells in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful completion of the ELM-1004 exploration well drilling at the Company's Fracción C asset, onshore Argentina, and a gas discovery for the first well in its four-well exploration campaign.

Lukoil completes integrated geophysical model for Denisov license area in northern Russia

Lukoil has built an integrated geological and geophysical model of fields and exploration structures of the Denisov depression in Timan-Pechora oil and gas province.

United Oil & Gas announces completion of 3D seismic survey offshore Jamaica

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the completion of a 3D seismic acquisition survey over the Walton-Morant licence, offshore Jamaica, which includes the high-graded Colibri target.

Ophir enters farm-out deal with Kosmos for exploration license in Equatorial Guinea

Ophir announces that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration license in Equatorial Guinea.

Oil and gas in the capitals

Jeff Moore, Contributing Editor

On April 3, Vietnamese state firm, PetroVietnam, issued the following and unusually blunt statement on its website: “The East Sea is forecast to continue to have uncertainty this year...affecting the company’s efforts to attract foreign investors to invest in its open offshore fields.”

What's new in exploration

William (Bill) Head, Contributing Editor

Rising oil prices, along with shale being over-extended, and world reserves declining, are requiring companies to look to exploration again.

Regional Report: Latin America Is Latin America’s fragile market cracking under pressure?

Emily Querubin, World Oil

Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates.

Echo Energy begins drilling first of four exploration wells onshore Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the commencement of drilling of the first exploration well in a four-well, back-to-back campaign in the Company's Fracción C asset, onshore Argentina.