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ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas 360º

As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025, said Brian Reinsborough, President and CEO of ReconAfrica.

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Hess exits deepwater exploration block in Suriname

Oil & Gas 360º

(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

“The Johan Castberg volume base originally estimated at 450-650 million barrels, our clear ambition is to increase the reserves by another 250-550 million barrels”, said Grete Birgitte Haaland, Equinor senior vice president for exploration and production North. The well had a water depth of 345 meters, Equinor said.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. million barrels of oil equivalent. 700K Industry Pros can’t be wrong.

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OMV to Explore Geothermal Potential in Styria

Rigzone

Image by Daniel S Ragnarsson via iStock OMV AG plans to launch a seismic survey in December to explore the potential of geothermal energy in the East Styrian basin in the greater Graz area. The Austrian state-backed energy company expects to drill an exploration well in the second half of 2026.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Engineering and construction activities for the Structure A platform are already underway, with offshore drilling set to begin in the first half of 2025.

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Canacol Aims to Grow Reserve Base in 2025

Rigzone: News

Canacol said it plans to drill 11 exploration wells and three development wells in the Lower Magdalena Valley Basin this year.