Exploration

Guyana among targets for oil major Total as company plans biggest exploration drive in years

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The...

Glengorm ‘largest UK gas find since 2008’ – WoodMac

Oil and gas industry analyst Wood Mackenzie is calling CNOOC’s latest gas discovery at Glengorm the largest UK gas find since 2008 and one that will sustain the industry’s profitability. "At 250 million barrels of oil equivalent (boe), CNOOC Ltd’s...

CNOOC Limited makes discovery in UK North Sea

CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...

Tullow upbeat about Jethro, Carapa prospects offshore Guyana

UK-based Tullow oil will be focusing heavily on its exploration programme offshore the South American country of Guyana in 2019 with multiple prospects on its radar for drill campaigns in the second and third quarters of the year. In its...

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...

Ramform Tethys among vessels undertaking new ESSO surveys

On January 12, 2019, ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced 3D and 4D seismic surveys within the southern portion of the Stabroek Block off the Guyana coast, just weeks after the Venezuelan navy intercepted two contracted...

Shift in equity financing, farm-in timetable won’t affect CGX’s first well

CGX Energy Inc. and Frontera Energy Corporation say that a pushing back of their equity financing and joint venture farm-in timeline to February 6. 2019 will not affect the drilling schedule for Utakwaaka-1 exploration well offshore Guyana in November. The...

ExxonMobil begins drilling at Haimara; major development options seen at Turbot

US oil major ExxonMobil said on Monday that it has begun drilling the Haimara-1 exploration well offshore the South American country of Guyana - the first of two planned wells in January. The Stena Carron drillship is drilling the well,...

Shell starts production from world’s largest floating LNG platform

(Energy Voice) Shell has started production from the world’s largest floating liquefied natural gas (FLNG) facility. The energy giant said wells have been opened at the Prelude FLNG platform, around 295miles north-north east off the coast of Broome, Western Australia. It...

CNOOC inks cooperation agreements with 9 international oil companies

CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...

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Guyana oil production hits half-billion-barrel mark

ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output...