Work commitments are a mix of reprocessing of seismic and acquisition of existing or new 3D-seismic, all followed by a drill-or-drop decision.
The Catcher development is on track for first oil from 2017.
Of the 54 production licenses, 34 are located in the North Sea, 16 are in the Norwegian Sea and four are in the Barents Sea, the release said.
Encana Corp. has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.
A group comprising PA Resources, First Oil and Gas and Dyas UK was awarded Block 21/24b in the U.K.’s 28th Seaward Licensing Round.
Eni signed two concession agreements for the North Leil and Karawan blocks offshore Egypt.
Premier Oil Sumatra holds 41.6666% working interest in the Block A Aceh production-sharing contract.
PNOC-EC has expressed an interest in farming into Service Contract 55 in the Palawan Basin in the Philippines for a 15% working interest.
Eni has signed a new concession agreement to operate in the South-West Melehia Block in the Western Desert of Egypt.
Eni, in partnership with Rockhopper, has been awarded an exploration license within the Croatian First Offshore Licensing Round.
The farm-out signed between Chariot Oil & Gas Ltd.’s wholly owned subsidiary and a wholly owned subsidiary of Woodside has been approved for the Rabat Deep Offshore permits I-VI by the Moroccan authorities.
Statoil has agreed to reduce its working interest in the non-operated U.S. southern Marcellus onshore asset from 29% to 23%, following a $394 million transaction with Southwestern Energy, Statoil said in a news release.