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Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. percent stake.
Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
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.
This agreement also involves an integrated suite of services, such as VAM Field Service and value-added digital solutions designed to optimise installation and maintenance practices. These services will ensure that ADNOC’s oil and gas fieldsoperate with maximum efficiency.
Vr Energi ASA has announced an oil discovery in the operated Zagato explorationwell near the Goliat field in the Barents Sea, adding to recent exploration success in the area.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third explorationwell drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016.
Genel Energy has issued a trading and operations update relating to Q1 2025. The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region. By John Lee.
The higher production was due to the recognition of three full months of production from Canada and positive explorationwell results in Ecuador, the company said in its most recent earnings release. Gran Tierra incurred a net loss of $19 million for the quarter, compared to a net loss of $34 million in the prior quarter.
“The LoA [letter of agreement] is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 explorationwell in Block 52”, Staatsolie said in a press release then. Paradise Oil Co.
The Discovery: Far South Prospect BP, as operator (57.5%) alongside co-owner Chevron U.S.A. 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.
Operating loss (52.4) (10.3) Cash flow from operations 66.9 Basic LPS from continuing operations ( per share) (22.5) (6.1) The world-class fieldoperating cost of only $4/bbl and consistent production delivery throughout 2024 are testament to the successful delivery performance of this asset. EBITDAX1 1.1
Brian Reinsborough, President and CEO of ReconAfrica stated: The encouraging technical results from our recent Naingopo explorationwell on PEL 73 onshore Namibia have strengthened our belief in the significant hydrocarbon potential of the Damara Fold Belt play. This will be the Companys largest exploration prospect drilled so far.
production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. Operating cash flow was $2.8 billion, down from $10.3
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