Santos appraisal well confirms major oil and gas resource in Bedout Basin
The Dorado-2 appraisal well is in Commonwealth waters approximately 160 km north of Port Hedland, Australia, and 2 km away from the Dorado-1 discovery, made in July last year.
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The Dorado-2 appraisal well is in Commonwealth waters approximately 160 km north of Port Hedland, Australia, and 2 km away from the Dorado-1 discovery, made in July last year.
The combined flow from both wells during a 72-hour production test earlier this week reached and maintained the planned production rate of 20 000 bpd.
The 578-square-mile wide-azimuth survey, known as Bayou Boeuf, is designed to image the Austin Chalk play and provide a better understanding of the formations in this area which have recently regained industry interest.
As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10% equity interest.
The discovery was made at Gladden Deep in Mississippi Canyon block 800.
PGNiG Upstream Norway holds an 11.92% interest in the Ærfugl project in the Norwegian Sea. The operator is Aker BP, while the other partners are Equinor Energy and Wintershall DEA.
A final investment decision is planned to be taken by May 2022.
TopSeis, a marine source-over-spread acquisition and imaging solution, is the outcome of five years of close technical collaboration between CGG and Lundin Norway AS.
The contract is with DeepOcean to support the hook-up and commissioning of the Valhall Flank West project, operated by Aker BP.
Effective immediately, the one-year contract will be delivered by Wood’s team based in Perth, Australia.
According to Westwood's 'State of Exploration' report, exploration drilling increased by nearly 30% in 2018 compared to 2017 but performance was down, with fewer big discoveries and a lower commercial success rate.
Total CAPEX in renewables will overtake E&P spending in 2020, with contributions from Australia and other Asian countries such as Vietnam, Taiwan and South Korea, Rystad Energy’s latest bottom-up analysis of investments shows.