Exclusives

Check out the latest activity highlights from around the world.

A new crop of startups hopes to revive the seismic acquisition industry.

Brazil’s Presalt Oil Auction Achieved 100% Of Blocks Acquired

Brazil’s 5th presalt production sharing round, held 10 days before the country’s upcoming presidential elections which outcome is unpredictable, attracted several oil majors.

Hammerhead-1, which is located about 21 km (13 miles) southwest of the Liza-1 well, hit about 60 m (197 ft) of high-quality, oil-bearing sandstone reservoir, the company says.

Kosmos Energy, Pontoenoe, Andy Inglis, Andrew Inglis, Tullow, John Christmann, Guyana oil and gas, Suriname, Exxon Mobil, Apache

The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.