3D Oil farms out exploration permit to ConocoPhillips Australia
ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.
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ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.
The AREA OFF-1 licence contains a management estimated resource potential of up to 1 billion boe.
The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16.
The regulation provides that exploratory drilling projects in a specific area of the Canada-Newfoundland and Labrador offshore are excluded from the requirement to undergo a project-specific federal Impact Assessment.
The additional work will commence directly after the conclusion of a previously announced contract, and will last approximately two weeks.
The first phase of the exploration period at block 29/11 has been extended to 12 June 2022.
Exploration drilling is anticipated to commence at the Pensacola gas prospect in 2H21 and in 2022 at the Selene gas prospect.
InteractivAI, powered by Bluware's Volume Data Store cloud-native data environment, enables the acceleration of detailed interpretation tasks.
A total of 57 marginal oilfields, located onshore and in shallow offshore areas, are on offer.
The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.
The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.