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ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas 360º

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. NSAI), an independent qualified reserves evaluator.

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Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean

Egypt Oil & Gas

The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.

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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.

Oil 104
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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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Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

Rigzone

The higher production was due to the recognition of three full months of production from Canada and positive exploration well 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.

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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

“Compare that to the two to three years, if that, to execute this task in other established basins,” Meanwhile, DNO said it has maintained production from its flagship Tawke at about 80,000 boepd “with minimal new investment," while its Côte d’Ivoire gas assets steadily produce over 3,000 boepd net to the company.

Energy 67
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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

Meanwhile, Enis offshore drilling campaign in Libyas Sirte Basin is set to be one of the most closely watched exploration programs in 2025, with four exploration wells in the pipeline. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.