Exploration ///

Spirit Energy strikes out in the Barents Sea, north of Johan Castberg field

Spirit Energy Norge AS, operator of production license 852, has concluded the drilling of wildcat well 7322/7-1. The well is dry.

Anglo African Oil & Gas spuds well in the prolific Lower Congo basin

Anglo African Oil & Gas plc (AAOG), an independent oil and gas developer, has confirmed that the TLP-103 well, on Tilapia oil field, spudded on Aug. 15, 2018.

Savannah Petroleum reports its fourth oil discovery in southeastern Niger

Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, has announced that the Eridal-1 exploration well is an oil discovery.

EIA: Offshore discoveries in the Mediterranean to increase Egypt’s gas output

Natural gas production in Egypt has been in decline, falling from a 2009 peak of 5.8 Bcfd to 3.9 Bcfd in 2016, based on estimates in BP’s Statistical Review of World Energy. The startup of a number of natural gas development projects located offshore in the eastern Mediterranean Sea near Egypt’s northern coast has significantly altered the outlook for the region’s natural gas markets.

Eni recieves lease extension for key assets in Egyptian Nile Delta, Western Desert

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement, allowing a 10-year extension of the Abu Madi West Development Lease (203 km2), where Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2).

Eni granted new exploration license offshore Egypt

Eni announced that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta basin of the Mediterranean Sea, has received approval by Egyptian authorities.

Faroe Petroleum announces Agar-Plantain farm-in, on the UKCS

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has farmed into the UK Continental Shelf (UKCS) Agar-Plantain exploration and appraisal well, close to the UK/Norwegian median line, operated by Azinor Catalyst Limited (Catalyst).

ExxonMobil farms in to PEL 44, offshore Namibia

Azinam Limited (Azinam), the Seacrest Capital Group-backed Namibian explorer, is pleased to announce that ExxonMobil Namibia (PEL44) Limited, an affiliate of ExxonMobil Corp., has entered into an agreement with Azinam to acquire a 30% interest in Petroleum Exploration License (PEL) 44, offshore Namibia.

GulfSlope Energy spuds Canoe prospect, in the U.S. Gulf of Mexico

GulfSlope Energy, Inc. has announced that last week it commenced drilling of the Canoe Prospect No.1 well located in the Vermilion Area, South Addition Block 378 with the Rowan Ralph Coffman jack-up rig.

Petrobras announces start of binding phase for sale of onshore concessions

Petrobras, following up on the disclosures made on 09/22/2017 and 03/02/2018, informs the beginning of the binding phase related to the full sale of its exploration, development and production rights in onshore fields of SergipeTerra 2 Cluster, located in Sergipe state.

URTeC 2018: Veteran expert says PRMS may be better reserves reporting method than SEC

After modernization of the SEC’s reserves reporting requirements in late 2008, many folks in the U.S. oil and gas industry would have expected that the SEC and PRMS (Petroleum Reserves Management System) systems would classify, characterize and estimate reserves in a broadly consistent way, save for some obvious differences, such as prices and costs used in evaluations and some potential interpretation issues. However, this has not necessarily been the case.

President Energy provides update on Puesto Flores/Estancia Vieja Concession in Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update in relation to its workover programme at the Puesto Flores/Estancia Vieja Concession (the Concession) in Rio Negro Province, Argentina.

Industry leaders voice thoughts on unconventional technology trends to full house at URTeC

It didn’t take long on Monday for officials at the Unconventional Resources Technology Conference (URTeC) in Houston to realize that attendance at the event will far exceed their expectations, with some technical session rooms swamped beyond capacity.

Unconventional resource teams are “all hands on deck” at URTeC 2018

The adoption of new technologies for enhanced oil recovery (EOR), and its impact on America’s growing shale sector, was a primary topic of discussion during Monday’s plenary session at the Unconventional Resources Technology Conference (URTeC) in Houston, Texas.

Analyst tells URTeC breakfast gathering to expect big U.S. production gains

Walking into one of three URTeC topical breakfast rooms on Tuesday morning, attendees had a fairly good sense of what the speaker was going to say, given that the topic was “Industry Poised for Growth or Prudence?”

Industry leaders voice thoughts on unconventional technology trends to full house at URTeC

It didn’t take long on Monday for officials at the Unconventional Resources Technology Conference (URTeC) in Houston to realize that attendance at the event will far exceed their expectations, with some technical session rooms swamped beyond capacity.

SDX Energy reports gas discovery at SD-3X, in Egypt's South Disouq

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its SD-3X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator).

Carnarvon Petroleum JV evaluates Australia's Dorado-1 discovery

Carnarvon Petroleum Limited confirms that the Quadrant-Carnarvon Joint Venture has completed additional wireline evaluation since the last update, on July 18. The results have confirmed the oil discovery in the Caley Member and have confirmed the presence of gas and condensate in the top of the Baxter Member that was drilled into to enable the evaluation of the Caley Member.

Petro River discovers largest oil field in the company’s history

Petro River Oil Corp., an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, announced today the discovery of its largest oil field with the successful drilling of the Arsaga 25-2 exploration well in Osage County, Okla.

Schlumberger, Baker Hughes cruise oil exploration "upcycle"

Schlumberger Ltd., the world’s biggest oilfield services company, and No. 3 Baker Hughes have their sights set in different directions as they move into the second-half of 2018.