Cairn Energy is kicking off a 3D seismic survey of the Cap Juby Maritime blocks offshore southern Morocco following its acquisition of Nautical Petroleum.
Centrica's Butch prospect could contain up to 60million barrels of oil, the parent firm of Scottish Gas said today.
UK OIL and gas company Hurricane Exploration said yesterday it had raised £20million through a share placing.
PETROBRAS has successfully carried out formation tests on the fourth well drilled in the ultra-deepwater pre-salt Tupi field and confirmed very high productivity from its carbonate reservoirs.
Nine mobile units are currently active on E&A drilling on the UKCS, with just a single platform-based appraisal ongoing in the Northern North Sea.
WITH little over a month to go before 2008 wraps, 68 exploration & appraisal wells have been started to date and, discounting sidetracks, the spuds already exceed 2007's tally by one well - the highest count since 1997.