W&T's interest in the Permian’s Yellow Rose Field produces about 3,000 boe/d, but the company has stopped drilling until commodity prices improve.
Zohr 1X NFW was drilled to a total depth of about 4,131 m (13,553 ft)) and hit 630 m (2,067 ft) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (more than 400 m of net pay), Eni said in a news release.
Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.
Armour Energy and American Energy Partners will explore and develop Armour’s extensive oil and gas prone McArthur Basin Project.
Only five companies submitted 33 bids for 33 of the more than 4,000 unleased blocks that were offered, according to the U.S. Bureau of Ocean Energy Management. Bids totaled about $22.7 million.