Category: Exploration
High discovery rate, but small volumes
“So far, 19 exploration wells have been completed this year. Out of these, 6 are discoveries, which corresponds to a finding rate of 32%, and all are [...]
Faroe Islands opens the 5th License Round
The Faroese Government hopes to attract companies, who want to explore the UK west of Shetland area, which borders the area East of Faroes Islands.
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NCS: Lundin preparing extended well test in basement
The discovery 16/1-12 Rolvsnes was proven in 2009, and subsequently delineated by well 16/1-25S in 2015. The reservoir contains oil in weathered and f [...]
UKCS: The Race is On
With only eight wells drilled in 2018, and a slight increase in 2019 of 10 to 15 wells to be drilled, UK's Oil and Gas Exploration needs a jump-start, [...]
West Newton potentially UK’s largest onshore gas field
Positive well test results, following the drill of the West Newton A-2 well, empowered Reabold Resources to declare that West Newton could potentially [...]
More oil from Cretaceous carbonates at Gullfaks
The Shetland/Lista phase 2 in Gullfaks development was recently approved and it involves drilling seven horizontal production wells using the existing [...]
UKCS: Massive breakthrough for Hurricane Energy
The early production system (EPS) via the two production wells managed to keep the target output rate of 20,000 bopd during the 72-hour production tes [...]
EMGS lands massive contract in Mexico
A two-year contract has been finally signed by the two parties, with a value of approx. USD 73.3 million with a minimum value of approx. USD 29.3 mill [...]
UKCS: Frontier areas are being unlocked
The long-awaited results of the 31st Offshore Licensing Round on the UKCS are in, and a broad range of companies received 37 license areas.
This li [...]
The Race is ON
In the APA 2019, the predefined area has been expanded by a total of 90 blocks – five in the North Sea, 37 in the Norwegian Sea and 48 in the Barents [...]