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Exploration in brief

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05 August 2022

Exploration in brief

Report summary

Welcome to the Exploration in brief where we bring you rapid, responsive opinion and analysis on the key events going on in the global upstream exploration industry. The report provides rolling coverage of events, combined with data, analysis and opinion from our Exploration experts. We cover key discoveries, farm-ins, well spuds and policy changes impacting exploration. You can bookmark this report for regular updates.

Table of contents

  • Huron discovery extends US GoM subsalt play into northern Green Canyon
  • Could the latest Petrobras-BP’s Alto de Cabo Frio Central discovery end the 10-year pre-salt drought?
  • Eni doubles resources at its Abu Dhabi discovery
  • New deepwater discovery puts Colombia’s exploration in the spotlight
  • Seven discoveries so far in 2022 on Guyana’s Stabroek block
  • Algeria’s Sonatrach announces three new discoveries in exceptional year for discovered resources
  • Eni successfully appraises Baleine
  • TotalEnergies exits Greek deepwater exploration licences, but ExxonMobil remains
  • Rosneft makes giant oil discovery in the Arctic
  • Sanoat Energetika Guruhi (SEG) makes one of Uzbekistan’s largest-ever oil discoveries
  • Sonatrach makes multi-tcf gas discovery near Hassi R'Mel
  • Western Gas’ Sasanof-1 a disappointment
  • BP's three-well exploration campaign offshore Azerbaijan comes up dry
  • ADNOC announce three onshore oil discoveries totaling 650 million barrels
  • CGX and Frontera confirm Kawa-1 well results; de-risking inboard play potential
  • Energean’s Israeli Athena prospect falls short, but Olympus beckons
  • Neptune Energy confirms Hamlet discovery, near Gjøa in Norway
  • Exploration heats up off Newfoundland with three upcoming wells
  • Azerbaijan’s shallow-water SWAP block drilling update
  • Disappointment at BHP’s Wasabi-2 well brightened by Shell’s offshore Barbados farm-in
  • Apus-1 disappoints for Santos
  • More exploration success for Eni in Egypt’s Western Desert
  • Equinor makes Kveikje discovery as prolific Troll and Fram area delivers again
  • QatarEnergy farms into ExxonMobil’s North Marakia block offshore Egypt
  • Sonatrach makes large oil discovery near Algeria’s giant Hassi Messaoud
  • Eni upgrades in-place resources after successful appraisal of Ndungu field offshore Angola
  • Santos encounters success in Pavo-1, Australia
  • Shell spuds much-anticipated Edinburgh well in UK
  • Success for ExxonMobil in Cyprus with appraisal of giant Glaucus gas field
  • Eni and Sonatrach announce Berkine Basin oil discovery in Algeria
  • LUKOIL makes large gas-condensate discovery in Russian sector of Caspian Sea
  • Strike Energy finds more gas in the Perth basin
  • Exploration by NOCs: easy for big exporters, essential for big importers
  • TPAO spuds Turkey’s latest deepwater exploration well in Black Sea
  • Total and APA Corporation announce fifth discovery in Block 58 offshore Suriname
  • Dragon Oil’s exploration success in Egypt’s Gulf of Suez shows basin has life in it yet
  • Exploration success in Guyana, Namibia and UAE but disappointment in first offshore Montenegro test
  • Malaysia lays out DRO buffet for 2022 license round
  • Norway's APA 2021 licensing round: Sustained appetite but pool of explorers shrinking
  • Chariot announces appraisal success with Anchois-2 offshore Morocco
  • Two to ring in 2022 in Guyana
  • Eni dominates Egypt's bid rounds
  • Egypt’s Red Sea attracts new explorers
  • Cyprus awards Block 5 exploration licence to ExxonMobil and QatarEnergy
  • Lukoil makes its first discovery offshore Mexico
  • Suriname reserves grow even as wildcat disappoints
  • A third dry hole fails to dent hopes for Guyana's Canje block
  • Equinor makes oil discovery at Egyptian Vulture in Norway
  • LUKOIL snaps up 25% stake from BP in Azerbaijan’s SWAP exploration project
  • Good news continues in Australia's Perth basin
  • Eni discovers a whale offshore Côte d'Ivoire
  • Access is still king
  • US GoM Lease Sale 257 will move ahead
  • BP and SOCAR finally spud shallow-water oil exploration well in Azerbaijan
  • Eni makes its second discovery in Mexico's Area 10
  • QP’s strategic partnership with TotalEnergies deepens
  • Vår Energi makes oil and gas discoveries near Balder & Ringhorne in Norway
  • Suriname's first open bid round: competition, but in a tight pocket
  • Turkey makes another multi-tcf gas discovery in the Black Sea, close to Sakarya
  • Wintershall Dea continues the run of exploration success in Norway
  • PTTEP’s fantastic four in Malaysia
  • Q1 2021 – Exploration review
  • Norwegian exploration reaching near decade-level highs
  • GoM success for BP at Puma West
  • PTTEP continues its discovery spree offshore Sarawak, Malaysia
  • Discovery confirmed at deepwater Shafag Asiman prospect in Azerbaijan
  • Pemex announces giant Dzimpona-1 discovery
  • Equinor makes discovery at Isflak in the Norwegian Barents Sea
  • Two for two for PTTEP and PETRONAS in familiar waters
  • Bahamas Perseverence exploration well disappoints
  • Ireland moves to ban future licensing
  • Kosmos & Beacon deepwater GoM exploration success
  • Biden administration suspends US federal oil & gas permitting
  • Four for four: Suriname’s Block 58 delivers another discovery
  • Alaska's first ANWR Lease Sale results reflect multitude of risks
    • Saudi Arabia announced four new discoveries
    • Russia announces giant finds
    • Bolivia: Repsol closes out the year with tenth discovery of 2020

Tables and charts

This report includes 44 images and tables including:

  • Alto de Cabo Frio Central block: wildcat well location
  • XF-002
  • Stabroek net pay for discoveries
  • Algeria discovered resources 2012-2022
  • Baleine discovery
  • ExxonMobil - East Mediterranean exploration blocks
  • Algeria's cumulative gas resources and the impact of LD2
  • Azerbaijan: SWAP exploration wells
  • Canada: Block EL 1156 (Sitka and Cambriol Central) and Block EL 1156A (Hampden)
  • Azerbaijan: SWAP exploration wells
  • Shell farm in blocks offshore Barbados
  • Majors’ Western Nile Delta 2019-2020 direct awards
  • UK number of wells and discovered resources by reservoir age
  • Cyprus - Glaucus gas field
  • Location of Khazri discovery
  • APA 2021: awarded licences
  • Anchois gas field and GME
  • EGPC and EGAS blocks offered and awarded
  • Blocks awarded during the 2019 GANOPE round
  • Map: Asia Pacific’s exploration and appraisal campaigns to watch in 2022
  • Cyprus Block 5 location
  • Yoti Oeste-1 well location
  • Location of Sapote
  • Norway resource discovered by basin
  • LUKOIL’s Caspian Sea portfolio outside of Russia
  • Recent significant gas E&A wells in the Perth Basin
  • Map: Lockyer Deep discovery and nearby fields
  • Azerbaijan: Shallow Water Absheron Peninsula exploration wells
  • QP’s net exploration acreage by operator-partner in SSA
  • QP's blocks in South Africa and Namibia
  • Commercial and economically viable success rates in Norway
  • Blocks in Suriname's shallow water round 2021
  • Total Norway discovered volumes (2011-2021)
  • Creaming curve of the Oligocene-Miocene sandstone play, Sarawak basin, Malaysia
  • PTTEP's net exploration acreage in Asia Pacific (km2, May 2021)
  • Wildcats to watch completed in Q1 2021
  • Wildcats to watch Q1 2021
  • Discovered resource and resource per well by basin in Norway
  • Location of Puma West in southeast Green Canyon
  • Map: PTTEP’s acreage in the Balingian province, Sarawak, Malaysia
  • Location of Shafag Asiman discovery
  • Location of Dzimpona discovery
  • Map: PTTEP's block SK417 and adjacent block SK410B
  • Map: PETRONAS' North Madura II block and adjoining Ketapang PSC

What's included

This report contains:

  • Document

    Exploration in brief

    PDF 15.84 MB

  • Document

    Exploration In Brief Archive.pdf

    PDF 5.61 MB