Despite speculative estimates about the size of the discovery, reported at 170 bcm-227 bcm (6 tcf-8 tcf) by one source cited by the UAE’s The National, authorities have said its status is still unconfirmed.
“The findings are encouraging. A reserve has been located but the morphology of the particular target is complicated so we need more time [to evaluate the discovery],” Yiorgos Lakkotrypis, Cyprus’ minister of energy, commerce, industry and tourism was quoted as saying by Chinese news agency Xinhua.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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