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(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.
These explorationwells are the first to be completed entirely from in-country infrastructure through Halliburtons newly established operational bases in Walvis Bay, Swakopmund, and Lderitz.
Norwegian oil and gas company OKEA has signed an agreement with Aker BP to acquire a 35% working interest in Tverrdal explorationwell in the North Sea.OKEA secured
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. The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A.
(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.
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.
TotalEnergies reveals in its recent annual report that two explorationwells drilled in 2024 on Oman exploration Block 12 (Total 80%op, PTTEP 20%) were dry. Total did not respond to questions from MEES about its future plans for the block.
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
“The Sval Energi assets provided a rare opportunity to significantly upsize DNO’s North Sea operations and, of course, DNO itself,” DNO Executive Chairman Bijan Mossavar-Rahmani said. DNO noted that it has four development wells and one explorationwell planned in the period through 2026.
The results of the Naingopo explorationwell announced in January 2025 increased our confidence in the potential for Prospect I. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.”
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.
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 initial phase of the agreement, set to last three years with investments reaching up to $25 million, will include the execution of advanced 3D seismic surveys, the drilling of new explorationwells, and the re-evaluation of existing wells.
In March 2024, Staatsolie and the Block 52 partners agreed to further explore the Sloanea area for potential gas production, leading to the Sloanea-2 discovery. Paradise Oil Co. The discovery “involved a small quantity that was initially seen as commercially unattractive to develop into a production field”, Staatsolie said.
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 field operating cost of only $4/bbl and consistent production delivery throughout 2024 are testament to the successful delivery performance of this asset. Production costs (17.6) (18.0)
Looking ahead, BP plans to drill around 40 explorationwells over the next three years , underscoring its ambition to expand its upstream production base. Oil Price Commentary Despite strong operational performance, BP acknowledged headwinds in the global oil markets. billion (up from $1.2 billion, impacted by a $3.4
million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays. The Company will be drilling its next well, Prospect I which is located onshore Namibia in Petroleum Exploration Licence 073 (PEL 73). This will be the Companys largest exploration prospect drilled so far.
Strategic Production Outlook Equinor plans to: Drill ~250 explorationwells on the NCS by 2035 Continue expanding low-carbon solutions through CO storage projects like Northern Lights Phase 2, with injection capacity increasing from 1.5 to 5 million tonnes/year Financial Snapshot Adjusted Operating Income: $8.65
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