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The Colombian government expects offshore discoveries to triple gas reserves.
Mexico makes history with its first deepwater contracts with private operators, including BHP Billton, Chevron and Inpex. What does it mean for exploration on the Mexican side of the Gulf of Mexico?
The country’s first auction of 2017 will offer onshore areas. The government will also auction post-salt and presalt areas.
As GeoPark Ltd. looks to grow its production, the extent of which depends on oil price, the Latin America-focused independent also wants to expand its portfolio.
As oil production declines, Trinidad and Tobago is offering nine blocks to bidders.
The divestment is part of Centrica's drive to focus its oil and gas E&P activity on Britain, the Netherlands and Norway, Reuters reported.
Brazil's oil industry regulator ANP said Sept. 29 it plans to auction rights to up to 10 areas with marginal accumulations of petroleum and gas on March 24.
The assets include pipelines, a system of subsea cables, two non-drilling platforms and a facility for gas compression, according to IFR, a Thomson Reuters publication.
As part of the agreement, Touchstone will acquire a 100% working interest in five blocks located in the Southern Basin of the Republic of Trinidad and Tobago. The blocks— Fyzabad-2, WD-2, WD-5/6, WD-13 and WD-14—have an estimated average field production of about 1,490 barrels of oil per day, the release said.
Board estimates the deal’s total value at about US$750 million. Transaction is scheduled to close within one week. West Polaris is a sixth-generation ultradeepwater drillship contracted to ExxonMobil in Angola.
Anadarko, the operator, said the well hit 79 m to 110 m (260 ft to 360 ft) net of natural gas pay.
Range announced that hydrocarbon sands and oil shows were encountered at the Upper Cruse channel sand complex during drilling of the well, with electric log interpretation confirming the presence of recoverable hydrocarbons with an estimated net pay of 48 ft.
The Kronos-1 well, jointly owned with Anadarko, discovered hydrocarbons at 3,720m at the well in the Fuerte Sur Block, Reuters said. Colombia is Latin America’s fourth-biggest oil producer.
The Petrobras Orca–1 exploratory well (Tayrona Block) has revealed a natural gas accumulation in Colombian Caribbean deepwater.