Seven companies offered Norway exploration licences
Norske Shell, Equinor, Idemitsu Petroleum Norway, INEOS E&P Norway, Lundin, OMV (Norway) and Vår Energi have been offered stakes in four production licences.
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Norske Shell, Equinor, Idemitsu Petroleum Norway, INEOS E&P Norway, Lundin, OMV (Norway) and Vår Energi have been offered stakes in four production licences.
CGG has been awarded a subsurface imaging contract in the Barents Sea by Lundin Energy Norway.
The programme includes approximately 6175 km2 of reprocessed 3D seismic data from the mature, hydrocarbon-producing areas of South Timbalier, Grand Isle and Ewing Bank.
The latest preliminary estimates from the King and Prince exploration wells show volumes between 60-135 million barrels of recoverable oil equivalents.
The MoU defines the framework for further cooperation in the processing and interpretation of seismic data owned by the Republic of Indonesia by using Eni’s technologies and facilities, including the Green Data Centre supercomputers in Ferrera Erbognone, Italy, as well as seismic imaging algorithms.
The contract provides that the drilling rig can be on location in the Etame Marin block as early as December of this year.
Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.
The award is from an undisclosed company, with the project anticipated to start in 4Q21.
The wildcat wells were drilled in production licence 090 in the northern North Sea.
Hipp Creek 3D will add nearly 200 km2 of seismic data tying into existing TGS 3D seismic coverage within their core area of the Montney Basin in British Columbia, Canada.
Drilling at Longtail-3 offshore Guyana encountered 230 ft (70 m) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.
Jabillo-1 is the second of three exploration wells scheduled for drilling on the Canje block in 2021.