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PEL 73 is located onshore northeast Namibia, covering an area of approximately 25,341 km2. Two exploration wells are planned to be drilled in the Damara Fold Belt basin in the second half of 2024. The wells are targeting a combined un-risked resource potential of 489 MMbbl of oil, based on the most recent prospective resource report by Netherland, Sewell & Associates Inc. View the full article
LLOG Exploration Company has acquired 41 blocks of offshore acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. View the full article
Perenco Cameroon announced the launch of the Perenco Group's first gas-to-industry supply project in Central Africa with delivery of gas from the Bipaga Gas Processing Centre, operated by Perenco Cameroon, to the ceramic manufacturing plant of Keda Ceramics. View the full article
Repeated delays to well plugging and abandonment (P&A) work, competition for rigs from overseas and cost pressures are pushing up the estimated bill for decommissioning on the UK Continental Shelf, according to the North Sea Transition Authority's new report. View the full article
The Bureau of Land Management (BLM) announced it is seeking public opinion on whether or not to expand so-called “protected” areas in Alaska’s National Petroleum Reserve (NPR-A). If enacted, the measure would expand on the Biden administration’s recent ban on new oil and gas drilling projects in the region. View the full article
The LK7-1-1 exploration well was drilled and completed at a depth of approximately 4,400 m, which encountered a total of 76 m oil and gas pay zones. The well was tested to produce about 210 cubic meters of crude oil and nearly 1 MMcmgd, a new record for natural gas tested productivity in Bohai Bay. View the full article
The Sensori fracture monitoring service provides true, real-time data acquisition and processing of near-well and far-field subsurface measurements. Through automation, cloud processing and big data analytics, the Sensori service provides continuous, real-time subsurface feedback for multiple well pads across an entire asset. View the full article
Hammerhead aims to start production in 2029, boosting Guyana's oil production capacity to over 1.4 MMbpd. Exxon, along with partners Hess Corp and China's CNOOC, expects Hammerhead to produce between 120,000 and 180,000 bpd, which is less than the 250,000 bpd from its largest vessels offshore Guyana. View the full article
Bolivian President Luis Arce announced the discovery of a 1.7 Tcf natural gas reserve near La Paz. This discovery, the largest since 2005, is expected to become the third-largest producing field in Bolivia and is expected to produce first gas in two to three years. View the full article
Scheduled for release in early August, the carbon storage assessment is constructed from the largest subsurface library in the world comprising formation tops, petrophysically interpreted logs, and reservoir property maps, including the maximum carbon storage volume per formation. View the full article
To support production growth, Angola has introduced a fresh slate of blocks spanning marginal fields, onshore and offshore opportunities. In a first for the country, five marginal fields are on offer in Block 4, Block 14, Block 15 and Block 18 – all of which are operational. View the full article
Ramco Norway has been awarded 80% of the volume of oil and gas pipes running from Equinor at Fjord Base in Florø to the Norwegian Continental Shelf. Additionally, the company has been allocated 100% of the volume from Sandnessjøen and Hammerfest. View the full article
ConocoPhillips received a second information request from the U.S. Federal Trade Commission (FTC) regarding its proposed acquisition of Marathon Oil. Both companies received the requests on July 11 and are collaborating with the FTC to review the merger. View the full article
Designed and built in Perth, Western Australia, the 44-tonne full-scale prototype combines traditional subsea tree technology with several new elements that allow it to swivel, providing 360-degree mooring capability for offtake vessels. View the full article
This year’s Economic Report from the Permian Strategic Partnership (PSP) emphasizes the area’s status as the second lowest producer of CO2 emissions per barrel of oil equivalent among the major onshore producing basins worldwide. View the full article
Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. View the full article
On Shell’s Capital Market Day in 2023, Shell committed to deliver upstream and integrated gas projects coming on stream between 2023 to 2025, with a total peak production of greater than 500,000 boed. Jerun is expected to contribute to this commitment. View the full article
With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors. View the full article
Features of the FPSO'd include zero routine flaring and venting, variable speed drives and measures to control emissions and capture CO2, including an all-electric concept, which focuses on efficient power generation and increased energy efficiency to achieve a 30 percent reduction in greenhouse gas emissions intensity compared to a design which does not include such technologies. View the full article
RoboWell uses cloud-based AI algorithms to autonomously operate wells that self-adjust according to changing conditions. This enhances the safe operation of the well, improves efficiency, reduces the need for travel and physical interventions, and so minimizes emissions. View the full article
Saipem will operate the vessel and will provide the crew to perform the marine activities for the Shah Deniz and Azeri-Chirag-Gunashli fields, located offshore Azerbaijan. The consortium’s responsibilities include engineering, procurement, construction and installation of subsea infrastructures and life-of-field services. View the full article
CNOOC Limited announced that the D1 well in the Bozhong 19-6 gas-condensate field, the first ultra-deepwater well in Bohai Bay, has achieved a high yield. The D1 well drilled to a depth of 6,088 m, and is producing approximately 6,300 boed. View the full article
The Al-Nukhida field, east of the Gulf state’s Failaka Island, has initial estimated reserves of about 2.1 Bbbl of light oil and 5.1 Tcfg, or 3.2 Bboe, in the Manageesh strata, state-owned KOC said on Sunday. View the full article
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