Exploration

Exploration

Explorers face growing battle for support in 2020 – WoodMac

OilNOW -
What's the role for the exploration industry as the energy transition takes long-term oil growth off the agenda? In 2019, Andrew Latham, vice president of global exploration at Wood Mackenzie, asked if there's room for explorers in a low-carbon...
Exploration

Bahamas gunning for oil as Guyana success excites region

OilNOW -
Bahamas Petroleum Company (BPC) said Thursday it will be drilling an exploration well in April with results expected in the second quarter of the year. The well - Perseverance #1 – is located on the northern segment of the...
Exploration

Kosmos plugs and abandons Gulf of Mexico well after expending US$24M

OilNOW -
Kosmos Energy (NYSE: KOS) (LSE: KOS) said Wednesday it has completed drilling the Oldfield exploration well (Kosmos 40%, Hess 60%) in the U.S. Gulf of Mexico. Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe...
Exploration

Hess plugs over 80% of its 2020 E&P budget into Guyana, Bakken

OilNOW -
Hess Corporation on Tuesday announced a $3 billion Exploration and Production capital and exploratory budget, of which more than 80% will be allocated to high return investments including Guyana. In a press release, Hess said that the $3 billion budget...
Exploration

Potential for giant oil and gas fields remains greatest on South America’s Atlantic margin

OilNOW -
The presence of giant oil and gas fields in South America, stretching all the way from the Santos basin in the south to the Guyana-Suriname basin to the north, have long been known, with estimates of tens of billions...
Exploration

CGX, Frontera looking to identify ‘higher quality ranked list of prospects’ for Guyana drill campaign

OilNOW -
CGX Energy and joint venture partner Frontera Energy are looking to complete a 3D seismic program on the northern section of the Corentye block offshore Guyana during the first half of 2020 that will help to determine best prospects...
Exploration

Block 58 explorers look to Sapakara for continued success offshore Suriname

OilNOW -
Apache and Total, 50-50 partners in Suriname’s Block 58, said their next well – Sapakara West-1 - will test the same-aged upper Cretaceous intervals that brought them success at Maka Central-1, in a separate and distinct stratigraphic feature. Sapakara is...
Exploration

Apache defies skeptics with major South American oil discovery

OilNOW -
(Bloomberg) Apache Corp. proved skeptics wrong with a major discovery off the northeast coast of South America, a hotly anticipated oil target that investors had feared would be another flop for the U.S. producer. The update on the Maka Central-1 well...
Exploration

Exxon, Hess and CNOOC are 2019 top explorers – Rystad Energy

OilNOW -
Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC. “ExxonMobil can...
Exploration

ExxonMobil acquires over 1.7 million acres offshore Egypt

OilNOW -
ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward...
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SBM Offshore, Technip Energies to deliver ‘all-electric drive’ FPSO for Suriname’s first deepwater development

SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development...

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