Statoil today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.
In 2014, the Company achieved various breakthroughs in exploration and the reserve replacement ratio for the year was 112%. Benefitting from the Company's innovations in "thinking outside the box", technology and management, the Company made 20 new commercial discoveries and appraised 18 oil and gas structures successfully.
Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.
Eni has completed post drilling studies on the Merakes-1 gas finding, located in the Indonesia deep offshore East Sepinggan Block, which indicates significant upside gas potential. Eni is the operator of the East Sepinggan Block with an 85% interest.
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has entered into an agreement to farm-out a 30 percent working interest in PL338C.
Freeport-McMoRan Inc. (NYSE: FCX) announced today the results of additional production testing on Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander discovery, located onshore in South Louisiana in the Inboard Lower Tertiary/Cretaceous trend.
Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea. Since 2011 significant new recoverable resources have been proven in the area.
Eni was today awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014.
Gazpromneft Sakhalin (a subsidiary of Gazprom Neft) has been awarded subsoil-use rights to two licence blocks in the Russian Arctic — the Severo-Zapadniy (North East) block, located on the Pechora Sea shelf, and the Heysovskiy block, located on the continental shelf of the Barents Sea.
As a result of the EGAS 2013 bid round, Eni signed two concession agreements for the North Leil and Karawan blocks offshore Egypt.