Energy Capital & Power’s Post

CNOOC Limited Made Major Exploration Breakthrough in Bohai Bay   CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Read More: https://lnkd.in/dMaG6eaw 🔽 Find more info in comments below 🔽 #CNOOC #BohaiBay #OffshoreOilandGas #Oildrilling #OilandGasExploration #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

CNOOC Limited unveils a significant oil discovery, Kaiping South, in the deepwater of the South China Sea, adding over a hundred million tons of proved in-place oil equivalent. Situated in the eastern South China Sea, with an average depth of 500m, the field's main oil-bearing formations include Zhuhai, Enping, and Wenchang of Paleogene, featuring light crude. The KP18-1-1d well, drilled to 3,462m, struck 100.6m of oil and gas pay zones, yielding 7,680 bbl of crude oil and 0.52 MMcfgd. This find underscores China's deep-water exploration potential and expands CNOOC's resource base, enhancing energy supply capacity. #fipi #fipi_iit_ism_sc #petroleumindustry #oilgasindustry #oilngas #oilgas #petroleum

Exciting times ahead for Colombia's energy sector! #Occidental Petroleum Corp. and #Ecopetrol SA are set to drill the deepest #offshore in the ultra-deep waters of #Colombia, the Komodo-1 well. This venture will explore a promising 4-way anticlinal structure with a Class 3-AVO anomaly and a double flat spot. At an impressive depth of approximately 3,950 meters (nearly 13,000 feet), this well aims to break existing water-depth records while reaching turbiditic Mio-Pliocene sandstone reservoirs. This ambitious effort, supported by advanced marine-seismic technology, enables exploration at unprecedented depths and distances. As Colombia's onshore reserves decline, this project is crucial for tapping into the country's vast offshore potential. Adding to the excitement, #Petrobras recently announced a new offshore discovery in Colombia with the #Uchuva-2 appraisal well, reinforcing the region's natural gas potential. Together, these developments signal a promising future for Colombia's #energy landscape. For more information on this and other #exploration-related insights, feel free to reach out to Rystad Energy

What could the Atum 1 well mean for Guinea-Bissau's offshore future? 🌊 Apus Energy DMCC is set to drill the Atum prospect in the MSGBC Basin, with the Ocean BlackRhino drillship scheduled for late 2024. This well, targeting 314 million barrels of recoverable resources, could be a significant breakthrough for the region. If successful, Atum 1 would be only the second offshore discovery in Guinea-Bissau and could pave the way for more deepwater exploration. The project plans to use an FPSO vessel and gas injection to enhance oil recovery and reduce emissions. Check out the full blog in the comments below - for more information please reach out to Erik Meyer (eric.meyer@spglobal.com), Lucinda Ross (Bromfield) (lucindavalerie.ross@spglobal.com) and Manar Islam Nacer (manar.nacer@spglobal.com). #upstream #oil #gas #exploration

KazMunayGas and CNOOC have signed an agreement for joint geological exploration during a strategic visit to China by Askhat Khassenov, Chairman of the Management Board of KazMunayGas National Company. Khassenov met with leaders from China National Offshore Oil Corporation (CNOOC) and CITIC Group to discuss collaborative projects in geological exploration, oil production, and processing. At a meeting with CNOOC Chairman Wang Dongjin, the two companies expressed mutual interest in exploring and developing hydrocarbon deposits in Kazakhstan. Additionally, Khassenov discussed the expansion of the Aktau Bitumen Plant with CITIC Group Chairman Xi Guohua. The project aims to increase the plant's capacity from 500,000 to 750,000 tons of bitumen annually, with construction set to begin in the fourth quarter of this year. Khassenov emphasized the importance of completing the plant by March 2025 to align with road construction schedules and proposed accelerating the project timeline. Both sides acknowledged the strong potential for continued cooperation in the oil and gas sector. Read more: https://lnkd.in/eDRjwN-P #KazMunayGas #CNOOC #OilAndGas #KazakhstanChina #GeologicalExploration #EnergyPartnership #KIOGEConference #KIOGE24

Frontier is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will showcase the Nigeria 2024  License Round at Africa’s Premier Global Energy Conference, the Africa Energies Summit in London, 14th – 16th May.    Engr Gbenga Komolafe, Commission Chief Executive, NUPRC will lead the delegation to London to make the announcement and engage with the c-level industry attendees. In an exciting offering, there are a total of 12 new oil blocks and seven deep offshore assets from the previous bid round available. Among these are six greenfield oil blocks on the continental shelf, four deep offshore blocks, and two onshore blocks in the Niger Delta.    We are honoured to assist NUPRC in highlighting these opportunities alongside our key Partner and Sponsor, TGS. For the bid round, TGS offers a suite of offshore subsurface data, including seismic, multibeam, coring, and geochemical programmes - the first of its kind in the region. The data covers approximately 31,900sq. km over four available offshore blocks and spans water depths from approx. 1,100m to 2,100m, offering fresh insights to prospective bidders for exploration risk management. Bidding, overseen by the NUPRC, is scheduled to conclude by January 2025.    Join Engr Gbenga Komolafe, NUPRC and TGS at the Africa Energies Summit!   #Nigeria #Energy #Seismic #EnergyNews  

Aura Energy Limited (ASX:AEE, AIM:AURA) managing director and CEO Andrew Grove joins Proactive’s Jonathan Jackson to discuss developments at the Tiris Uranium Project in Mauritania. Grove shares promising results from the company’s phase one drilling program signalling extensive new #uranium mineralisation. He provides an overview of the phase one program, which has not only revealed significant new mineralisation but also highlighted the potential for substantial resource growth, beyond the initial estimate of 58.9 million pounds of U3O8. With high-grade mineralisation identified over a 6-square-kilometre area at Hippolyte South, the findings suggest potential extensions in multiple directions, with the area still open for exploration. Grove says phase two of the drilling program, aims to further delineate these findings and extend the mineralised trends. Watch at #Proactive #ProactiveInvestors #ASX #AIM #AEE #AURA #Energy #UraniumMining http://ow.ly/9jJz105lKzh

Oil Majors are Back in Monrovia Liberia’s new strategy of direct negotiation, consistency and aggressive engagement with investors have revived the interest in major international oil companies in the country’s frontier offshore basins. For instance, super majors like ExxonMobil and Shell have shown huge interest in exploring Liberia’s basins. Negotiations are ongoing to finalize deals that will see major investments come into its oil and gas industry. Thirty-three offshore blocks, twenty four (24) in the Liberian basin and nine blocks in the Harper basin are up for grabs. There are available 2D and 3D seismic data on the acreages. The Liberian basin is largely underexplored, with only 17 exploration wells drilled since the 1960s. Subsequent exploration wells drilled by International Oil Companies (IOC)’s between 2010 and 2017 were termed sub-commercial discoveries. However, it is very instructive to note that recent seismic and post-drilling data has proven that the basin is highly prospective. Read More: https://lnkd.in/e3wG8Zq2 Rufus Tarnue #Liberia #Africa #oilandgas #exploration #upstream #IOC #Shell #ExxonMobil #projects #engagement #investments #International

The news that Total Energies is considering abandoning its Brulpadda field investment on the West Coast should concern us greatly. It takes a lot for a company to forego an investment to the value of $400m. In the report they mumble something about the “small size of the South African gas market”, which cannot be the real reason because they seem to be hopping on to an even a smaller gas market in our neighbouring Namibia. Whatever their real reasons are, one can only assume that they have something to do with the findings of the latest mining attractiveness survey by the Fraser Institute, where South Africa ranks last globally. Stone last!!! Where's the uproar? Why is coming stone-last acceptable to South Africans? What does it say about the depths of our expectations on our politicians, that something as dire as this should be taken with a resigned shrug? Needless to say, something is gravely wrong with our mining investment environment. This includes the laws that allow environmentalist groups to routinely forestall potentially catalytic investments of national importance. I hope the GNU will promptly apply its mind to the systemic problems on display here. One wonders what the Department of Mineral Resources and Energy thinks about this parlous state of affairs. Read more: [Link to the full article] (https://lnkd.in/d3csT-nM)