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Preliminary results indicate that the Hibiscus North field could be incorporated into future development planning with a possible tie back to the Hibiscus Ruche development but with reserves below the lower end of the pre-drill resource estimate of potential 10 to 40 million barrels of oil.
Resources for the Bergknapp oil discovery are estimated at 40 - 84 million boe after appraisal.
Bourbon will support exploration campaigns offshore Namibia and Sao Tomé.
The potential of the discovery can be preliminarily estimated at between 1.5 and 2 billion barrels of oil in place and between 1.8 and 2.4 trillion ft3 of associated gas.
Based on resources of 21 million boe and its proximity to the nearby Alba infrastructure, Wood Mackenzie assumes the discovery could be an ideal candidate for a short-cycle, high-return tie-back to the Ithaca-operated facilities.
The award marks the first time that a foreign fully owned subsidiary has been licensed by the Abu Dhabi Global Market to conduct oil and gas activities in the UAE.
The work is expected to commence in the first half of 2022 in direct continuation of the semi-submersible rig Maersk Discoverer’s contract with Shell Trinidad.
The discovery of the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 105 million barrels gross.
Frontera Energy Corp. and CGX Energy expect the Kawa-1 well to reach total depth in the first half of December 2021.
PGS has completed a survey of the Kraken field, operated by EnQuest.
The survey will be executed during 3Q21 for a multi-client company.
The drilling programme relates to the drilling of a wildcat well in production licence 882.