Israeli Energy Minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbors signed their historic peace treaty in 1979.

Aker Energy said the proposed transaction, which is subject to approval from Ghanaian authorities, gives it a 50% stake in the ultradeepwater Tano Cape Three Points block which holds an estimated 550 million barrels of oil equivalent and has the potential for a further 400 million barrels.

Woodside said on Feb. 14 it had agreed to pay $744 million for ExxonMobil Corp.’s 50% stake in the Scarborough Field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.

Iraqi Kurdistan-focused Genel Energy Plc reported on Feb. 14 a 40% replacement of proved reserves at its Taq Taq field, once considered the company’s flagship field.

Kosmos said on Feb. 12 it expected to make a final investment decision (FID) on the project in 2018, with first gas expected in 2021. BP had previously indicated it expected to reach an FID on the project towards the end of this year.

Check out the latest activity highlights from around the world.

Operators find subsea success by using existing infrastructure off the Norwegian coast.

An integrated SPS/SURF and alliance approach delivers sustainable improvement in field development value.

Karoon South America General Manager Tim Hoskings, Brazil oil and gas, subsea oil and gas, Echidna oil field

Karoon has been talking to suppliers to contract an FPSO unit for the field.

Canadian producers and global oil majors are increasingly exploring the Duvernay and Montney formations, which they say could rival the most prolific U.S. shale fields.

Development Briefs For Jan. 25

With assets in Peru and Brazil, Australia’s Karoon has been progressing developments within South America’s oil and gas segment. Yet, Brazil is seen as a very strategic country for the company.