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Exploration

Majors are re-evaluating their approaches for frontier exploration. (Image source: Rystad Energy)

Rystad Energy has observed that as oil majors such as ExxonMobil, Shell, Chevron, BP, TotalEnergies and Eni continue limiting exploration expenses, they will keep a keen eye on frontier exploration for a productive year 

The ROCS significantly cuts costs and reduces deck space time. (Image source: Optime Subsea)

The 1,060-m Bonga Field offshore Nigeria underwent a well completion operation with Norwegian supplier Optime Subsea's remotely operated controls system (ROCS) that was deployed on the Shell Nigeria Exploration and Production Company (SNEPCo)-operated site 

The Q4000 will stay in Nigeria until 2025. (Image source: Helix Energy Solutions)

Helix Energy Solutions Group has been awarded a deepwater well intervention contract by Esso Exploration and Production Nigeria (Esso) 

Africa is the sole region that witnessed continued rise in high impact drilling in 2023, with the completion of 13 high impact wells. (Image source: Adobe Stock)

Finding a decline in global high impact well count to just 64 wells in 2023, Westwood Global Energy Group has observed that it is the lowest number the research body has ever recorded 

Tower Resources, the AIM-listed oil and gas company focused on Africa, has received formal notification from the Minister of Mines, Industry and Technological Development in Cameroon (MINMIDT) of the extension of the First Exploration Period of the Thali production-sharing contract (PSC) to 4 February 2025, in accordance with the Companys PSC and the Cameroon Petroleum Code, and with the approval of the President of the Republic of Cameroon 

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