BP and Eni sign Oman exploration and production agreement
The agreement covers Block 77 in central Oman, with each company holding a 50% interest.
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The agreement covers Block 77 in central Oman, with each company holding a 50% interest.
iSEISMIC plans to use ION’s 4Sea ocean bottom acquisition and imaging technology for seabed surveys.
11 wells were drilled and four discoveries made by the company in 1H19.
The company's IFRS figures for 2Q19 were: revenue at US$607 million, OPINC at US$71 million, net income at US$(128) million.
The discovery in the main reservoir is currently estimated to contain between 5 and 25 million bbl of oil in-place. It has not yet been concluded if the discovered oil is commercial.
The approval relates to the Tanumbirini 2H and Inacumba 1/1H wells in Exploration Permit 161 in the McArthur Basin, east of Daly Waters.
The exploration well, located in block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect.
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
The well is an appraisal of the T19-46 oilfield in Mongolia's Tamsag Basin.
The combined content offering will allow investment and petrotechnical professionals to quickly assess the current value of a lease or company position in the contiguous US.
The Block is located in the Bonaparte Basin of the North West Shelf of Australia and covers a surface area of 3460 km2.
A petrophysical analysis has confirmed the likely presence of a 35-m column of oil in the Biscathorpe-2 well in the Humber Basin, UK.