Zion Oil and Gas exploratory well update in Israel
Petroleum Commissioner visits site.
Browse the latest exploration news and articles.
Petroleum Commissioner visits site.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on Nov. 5, 2017 and encountered approximately 230 ft (70 m) of high-quality, oil-bearing carbonate reservoir.
On 4 January, the Trump administration proposed to make nearly all offshore areas in the United States available for oil and gas exploration drilling.
The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.
Joint venture (JV) project in the southern Delaware Basin expected to be completed by late March 2018.
Norway spent US$18 billion in 2017 on offshore developments, with the US and Mozambique also making significant contributions.
Based on a preliminary review of Q4 sales, Petroleum Geo-Services ASA (PGS) expects to report total multiclient revenues of approximately US$170 million in Q4 2017, which should result in a consolidated EBITDA in excess of US$100 million.
The seismic acquisition over Otakikpo is expected to commence in Q1 2018 to kick-off phase two development of Otakikpo. All relevant permits are currently being pursued prior to commencing mobilisation.
Polarcus has extended the agreement with TGS for an additional year.
The project will comprise acquisition of a 10 000 km 2D long-offset broadband multiclient seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures.
Rystad Energy has concluded that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion boe were discovered YTD.
The combined awards are valued at around US$60 million.