Azinam South Africa has completed its purchase of a 50% stake in South Africa’s Block 2B, expecting to drill a well this year.
The chief operating officer of Maersk Drilling has said its deal with fledgling explorer Seapulse, targeting four billion barrels worldwide, is “still alive”, despite news going quiet over the last year.
Petrofac and Halliburton have joined in a pact with fledgling explorer Seapulse and Maersk Drilling on UK North Sea wells next year.
Recognising that exploration is an inherently risky business is the name of the game for newcomer Seapulse, which is working out new ways to play it.
A “trend” of private equity-backed newcomers to the North Sea has been carried on with the entry of Seapulse.
A new global oil and gas explorer has said it plans to target more North Sea wells in the future.
Azinor Catalyst has committed to drilling two prospects in the North Sea next year.
Offshore explorer Seapulse has entered into a pact with EnQuest.
A new exploration investment firm has agreed a pact with Maersk Drilling for 12 wells targeting 4 billion barrels of oil in the next two years.