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The reimaged seismic data set, covering over 9300 km2, will be accessible to oil and gas companies wishing to evaluate acreage and assess the potential of the Agata block in the Santos Basin.
The Uaru-2 discovery will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels.
Last year's production was over 75% less than the state’s peak production of more than 2 million bpd in 1988.
The exclusive partnership will enable easier access to downhole technologies from both companies.
Explor has recently completed the first three-component seismic survey with STRYDE nodes, following the development of a mechanical convertor to enable attachment in either single- or three-component configuration.
Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting.
BP has reported a profit of US$2.6 billion in 1Q21.
Equinor has completed the sale of its operated and non-operated acreage in the Bakken field in North Dakota and Montana to Grayson Mill Energy.
The total contract value is contingent on the final investment decision for the Bacalhau field, offshore Brazil.
The approximately US$9 billion West Nile Delta development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea.
The work scope, which will support Total’s ongoing offshore exploration activity as operator of Block 58 offshore Suriname, sees ASCO Trinidad provide onshore logistics, pipe yard, plant and procurement services, as well as specialist lifting and training activity.
Installation of both platforms is scheduled to be completed before the end of 2Q21, in preparation for first gas in late 3Q21.