Hess to focus on Guyana and the Bakken during 2020
Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
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Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
The licensing round comprises twelve blocks on offer in the Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea Conakry (MSGBC) Basin, offshore Senegal.
The projects are valued at approximately US$42 million and are scheduled to occur primarily during 2Q20.
The agreement with Colombia’s National Hydrocarbon Agency, the ANH, grants rights to reprocess existing data and acquire new 2D and 3D multi-client programmes offshore Colombia’s Caribbean coast.
The company is prioritising securing a partner to drill its flagship prospect in Ireland, the Inishkea prospect which lies on Frontier Exploration Licence 4/19 in the Slyne Basin.
2020 will be key as sector moves towards low-carbon future.
The 4-month survey will cover 2000 km2 of 3D in a shallow-water area of the Arabian Sea.
Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America.
The company has announced that the Luiperd-1 well in block 11B/12B offshore South Africa is due to spud in 2Q20.
The 3D survey is taking place in the Vulcan Sub-basin, offshore north-west Australia.
The licence awarded to Eni is located in deep water in the unexplored Namibe Basin.
Work will now begin on discharging the planning conditions and the detailed planning for the development works at the Wressle oilfield.