On July 22, OMV launched a 3,000-square-kilometre 3D seismic survey programme in the block using the Schlumberger-owned WesternGeco’s Magellan vessel. OMV has committed to drilling at least one exploratory well by September 2015. The current licence for the block runs until September 2017.
The deal signals the Austrian integrated energy company’s growing interest in the block, following the initial acquisition of a 40-percent stake from Canada’s Niko Resources in August 2013. The 16,845-square-kilometre Grand Prix lies off the west coast of Madgascar and spans the Morondava Basin. The basin’s deepwater offshore potential is considered as largely underdeveloped compared to the shallow-water and onshore areas.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.