Despite optimistic expectations at the start of the year, with several high-impact wells planned, 2020 is the bleakest year in a decade for African oil and gas exploration.
Norway surprised many observers in June by announcing plans for a licensing round that signalled a major expansion of the availability of areas for oil exploration in the Norwegian sector of the Arctic Sea.
Review of new 3D seismic data in the Faroe-Shetland Basin has revealed new hydrocarbon potential of the Early Cretaceous syn-rift and Precambrian fractured basement plays along the northern extent of the Rona Ridge - one of the least mature producing regions on the UK Continental Shelf (UKCS).
Neil Hodgson and Karyna Rodriguez; Searcher Seismic
A triangular feature identified in modern seismic on the Papuan Plateau went 'viral' on social media amongst the geoscience community as geoscientists from all over the world debated their theories on this geological puzzle.
South America’s upcoming floater projects could help sustain fabrication yards that are struggling to keep their doors open, with FPSO developments driven by Brazil and Guyana.
Somalia's first offshore licensing round commenced in August 2020, opening up one of the final frontier regions of the world for oil and gas exploration.
The various plays of the Nile Delta continue to attract investment for major oil and gas exploration campaigns, with onshore and shallow water successes already in motion.
This exploration update is brought to you in association with NVentures
After a string of dry wells in the eastern deepwater Nile Delta, Eni, in partnership with BP and Total, have had success testing their recent shallow water Bashrush gas discovery, in the North El Hammad concession.
This exploration update is brought to you in association with NVentures
Perseverance pays off; following two high-profile, high-cost dry holes drilled in Suriname, Apache hit their third consecutive major condensate-light oil discovery on Block 58.
This exploration update is brought to you in association with NVentures
In April OMV, with partners OMV Sapura and Mitsui, announced the success of the Toutouwai-1 well in the Taranaki Basin Block 60093 offshore New Zealand’s. However, further exploration drilling to test for oil and gas is on hiatus due to Covid-19 restrictions.
This exploration update is brought to you in association with NVentures
The international gas-weighted explorer Neptune continues to be successful in the North Sea, having recently reported a hydrocarbon discovery offshore Norway.
South East Asian oil and gas explorers started 2020 with new licensing rounds and extensive exploration drilling and seismic programmes planned but the current economically challenging conditions created by Covid-19 is likely to extend, delay or temporarily suspend these activities.
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