25 billion barrels to be found
The expected value of remaining recoverable resources on the Norwegian continental shelf is 52 billion barrels oe, according to the Resource Report 2019. Despite more than 50 years of exploration,…
Exploration
Aiming for marginal fields
OKEA has a nimble and low-cost strategy focused on growing its production through 1) exploiting upsides in and around producing fields, 2) developing sub-100 MMboe discoveries into production and 3)…
Draugen: Infill Ø at TD
Infill Ø reached TD yesterday after having drilled through the Upper Jurassic Rogn Formation. OKEA wrote this about the drilling before entering the reservoir: “The 8 ½” hole section will…
First operated wildcat for OKEA
OKEA spudded 6407/9-12 (Skumnisse) on October 16. The purpose is to test the Upper Jurassic Rogn Fm for additional oil in a possible extension of the Draugen field to the…
The programme is ready
21 companies have committed to give a talk about their future plans and strategies on November 20-21 in Stavanger at NCS Exploration Strategy 2019. In addition, both NPD and OGA…
To buy – or to explore?
This choice is driven by several factors, including the company’s exploration performance and appetite for risks and the market trading opportunities and conditions. In any case, any individual company needs…
Significant oil discovery offshore Guyana for Tullow Oil
Jethro-1 is Tullow’s first well drilled offshore Guyana, located in the Orinduik block. The license is operated by Tullow (60%), with Total E&P Guyana B.V. (25%) and Eco (Atlantic) Guyana…
Wildcat Exploration: Unlocking the Frontier
The upstream industry has been reluctant to invest in exploration recently, especially in wildcat wells, yet from 2013-2019, north-west Europe has seen some success through wildcat exploration. Recently, the upstream…
High discovery rate, but small volumes
“So far, 19 exploration wells have been completed this year. Out of these, 6 are discoveries, which corresponds to a finding rate of 32%, and all are probably commercial”, Anders…
First Offshore Licensing Round for Senegal
Senegal has been propelled to the forefront of industry news in recent years after several major oil and gas discoveries in its offshore waters. Senegal has been propelled to the…
GII Purchases Silenced Mini-Vibrator Fleet
The Geophysical Institute of Israel (GII), a leading global seismic acquisition provider, has purchased a brand new silenced mini-Vibrator fleet from INOVA Geophysical and coupled it with the Quantum nodal…
Giant gas field discovery in Iran
Reports that Orca is the largest gas find this year have a competing claim from Iran, where in mid-October the National Iranian Oil Company announced that it had discovered a…