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The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.
The basin continues to gain attention following the historic Zama and Amoca discoveries in 2017, which came about 40 years after the game-changing Cantarell supergiant oil field find.
An ONGC Ltd.-led consortium is chasing hydrocarbon leads in the shallow waters of the MB-OSN-2005/1 Block, located in the Mumbai Offshore Basin near Saurashtra, after two exploration wells hit oil and gas.
The game has changed because of newer, more efficient technology.
A nodal recording unit with a unique form factor leads to improvement in coupling and vector fidelity on land seismic surveys.