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Drilling at the Prospect I location has been significantly derisked by the results of our first Damara Fold Belt well, Naingopo, which encountered reservoir in the Otavi carbonates, hydrocarbon shows and oil to surface.
The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately 9,200 feet TVD, without stimulation. The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift.
million barrels of oil equivalent. This is the third explorationwell 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) in Triassic reservoir rocks. million standard cubic meters of oil equivalent (approximately 30.8
bp drilled the explorationwell in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.
The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one explorationwell planned in the period through 2026.
First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year.
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. It is targeting 365 million barrels ofunrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9
In a statement , the company said that it drilled the explorationwell in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs.
Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). Algerias Sonatrach will increase hydrocarbon production by 2.5% this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029.
42.5%), drilled the Far South explorationwell in Green Canyon Block 584, located in the western Gulf of America approximately 120 miles off the coast of Louisiana. million barrels of oil equivalent per day globally by 2030, with approximately 1 million barrels expected from the U.S. per barrel in Q1 2025 versus $13.1
million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9 million acres in Angola to the existing 6.3
A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. Looking ahead, BP plans to drill around 40 explorationwells over the next three years , underscoring its ambition to expand its upstream production base. billion (up from $1.2
Equinor Q1 2025 Performance Total Equity Production: 2,123 mboe/day Equinors total equity production in the first quarter of 2025 was 2,123 thousand barrels of oil equivalent per day (mboe/d). In the first quarter of 2025, BP reported liquids production of 1,086 thousand barrels per day (mb/d), a 2.8% Empire Wind in the U.S.).
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