exploration

Market info

Exploration: Oil finds in Greater Edvard Grieg area

05/07/2019

Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.

North Sea

UK could adopt Norwegian tax system to incentivise exploration

01/07/2019

One of the big challenges facing the UKCS is the need to increase the amount of exploration activity – the eight exploration wells drilled in 2018 represented the lowest level of activity since 1965, although there have been some notable recent successes such as the massive Glengorm gas discovery announced by Total in January and the technical success rate over recent years has averaged more than 50%.

Breaking