Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Recent IHS Markit report says a significant rebound in discoveries may not happen because since 2014 there has been an increased emphasis on exploring less risky maturing basins and short cycle-time unconventional projects.
As lateral lengths increase, new technology aims to bring wells to production faster while successfully transmitting data with sensors and strong signals.
The company said the results have positive implications for other targets in the area, including Tolmount Far East and the Mongour discovery.
The company also said it is now targeting a final investment decision on the $20.5 billion Browse project in first-half 2021.
SBM Offshore has completed the project financing of FPSO Liza Unity for a total of $1.14 billion, the company said Oct. 16.