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Chevron plans to begin drilling an explorationwelloffshore Namibia, where several international majors have found huge oil and gas resources in recent years. With this programme, Chevron continues to activate its strong and growing exploration portfolio, according to a company statement. Chevron completed in February
To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in the coming weeks. We are excited to drill this follow-on explorationwell as we continue to look to unlock the significant hydrocarbon potential of the Damara Fold Belt.”
The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers. After the completion of operations, the well was permanently plugged and abandoned.
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 DNO completed a private placement of $400 million of subordinated hybrid bonds with a coupon rate of 10.75
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four explorationwells in 2025. Algerias Sonatrach will increase hydrocarbon production by 2.5%
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
The company noted that the output was in line with expectations, despite ongoing offshore development challenges (e.g., In Guyana , through its Azule Energy joint venture with Eni, the Agogo FPSO completed construction and is now en route to Block 15/06, enhancing production in Angolas offshore region. TWh , the same as Q1 2024.
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