The deepwater gas discovery reported by Ecopetrol and Petrobras offshore Colombia confirms the importance of the Caribbean region and increases the possibility for developing a new E&P frontier off northern South America.
Partners Exxon Mobil and Hess reported two new discoveries offshore Guyana at the Seabob-1 and Kiru-Kiru-1 wells, adding to the discovered recoverable resource estimate for the prolific Stabroek Block.
Eni said the Rhourde Oulad Djemaa Ouest-1 discovery is part of the new exploration campaign which will include the drilling of five wells in the Berkine North onshore basin in Algera.
Petrobras’ recent drillstem test yielded positive results due to the company’s application of real-time data to enable quick decision-making, Brazil’ state-owned company said in a statement.
A new discovery in the Hassi Rmel gas field in Algeria will grow the country's already increasing role as a key gas supplier for Italy, Spain and other southern European countries, according to Sonatrach.
Production to Johan Castberg FPSO set to begin in 2024; newer finds could be added later to keep the unit at capacity.
Privately owned Western Gas had called it "one of the most anticipated exploration wells on the North West Shelf in many years".
"There are multi-billion barrels remaining on top of" the 11 billion barrels found so far, Hess CEO John Hess said.
The joint venture is expected to be the next consortium in moving oil exploration projects in Guyana to the development phase if discoveries are declared commercial.