Geopost’s Post

𝗔𝗡𝗣 Approves Alto de Cabo Frio Central Discovery Evaluation Plan (PAD) Earlier this week, ANP approved the Discovery Evaluation Plan (PAD) related to well 1-BRSA-1383A-RJS, known as PAD 𝗔𝗹𝘁𝗼 𝗱𝗲 𝗖𝗮𝗯𝗼 𝗙𝗿𝗶𝗼 𝗖𝗲𝗻𝘁𝗿𝗮𝗹-𝗡𝗼𝗿𝗼𝗲𝘀𝘁𝗲. The well, drilled in 2022, had positive results in pre-salt reservoirs in the Alto do Cabo Frio Central block, situated between the Campos and Santos basins. The block was acquired on the 3rd Production Sharing Bid Round by the consortium Petrobras (50%) and bp (50%). Petrobras is also required to submit the Exploration Work Plan (PTE) within 30 days. Regarding the discovery evaluation, the company has until 2027 to decide whether it is commercially viable. #ANP #Petrobras #PAD #Drilling #CamposBasin #presalt #SantosBasin #bp #ProductionSharing #oilandgas #oil #Brazil #Katalyst #Geopost 

Potiguar's shallow waters hold very modest, commercially viable reserves of oil and gas. Still, Petrobras is set on making a noteworthy discovery in the basin's deepwater fields. The NOC will settle for drilling in Potiguar until CEO Jean Paul Prates can convince IBAMA President Rodrigo Agostinho that Petrobras can safely explore for hydrocarbon where it really wants: Block 59 of the Foz do Amazonas Basin. #Brazil #OilAndGas #Petrobras

#Namibia 🇳🇦 Galp Energia's #Mopane discovery offshore Namibia could become one of the world’s largest offshore finds with an estimated in-place hydrocarbons of 10 Bboe In partnership with #Custos and NAMCOR NAMIBIA, Galp has completed Phase 1 of the Mopane exploration drilling campaign, culminating in the successful Mopane-1X well testing program. With an 80% stake in #PEL83, covering nearly 10,000 sq km in the #OrangeBasin, Galp is exploring opportunities for strategic partnerships, recently initiating the sale of a 40% stake in the block. https://lnkd.in/ghkZct8v #GalpEnergia #MopaneDiscovery #OffshoreExploration #EnergySector #NamibiaOilDiscovery

GeoPark Expands Latin American Footprint with Vaca Muerta Acquisition GeoPark Limited, a leading independent Latin American oil and gas company, is poised to expand its presence in the region with a strategic acquisition in Argentina's prolific Vaca Muerta shale formation. Here's a breakdown of the key details: Target: Non-operated Working Interest (WI) in unconventional blocks within the Neuquen Basin. Acquisition Price: USD$200 million with an additional carry of USD$110-120 million (gross) over two years for specific exploration activities. Production Boost: Immediate contribution of over 5,000 net boepd upon closing. Strategic Alignment: This move aligns with GeoPark's established strategy of expanding within proven oil and gas basins across Latin America. Funding: A combination of cash on hand, existing credit facilities, and potential new financing will be used to fund the acquisition. Expected Timeline: Definitive agreements are expected within weeks, with closing targeted for Q3 2024 (subject to regulatory approval). #GeoPark #OilAndGas #LatinAmerica #VacaMuerta #ShaleOil #EnergyAcquisition #ExpansionStrategy #ProductionGrowth #InvestmentOpportunity

Arrow Exploration Corp. (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is counting down to the kick off at its drill programme for the Carrizales Norte (CN) 4 well in the Tapir block onshore Colombia. Today, it told investors it has now commenced set up of the Petroworks 1500-horsepower rig and drilling is expected to start in late January. It will be followed by the CN-5 well which is expected to spud in February. Arrow is also preparing for its first horizontal wells at the Carrizales Norte field as it progresses the construction of the new well pad, known as the B Pad, slated to be ready in March. Pad B will host the CN HZ-1 well and potentially more horizontal wells. Arrow has also started upgrading the Mateguafa pad, also within the Tapir block, along with construction for the Baquiano road and pad. More at #Proactive #ProactiveInvestors #TSXV #AIM #OTC #AXL #CSTPF #ArrowExploration #ArrowExplorationCorp #oilandgas #energyexploration #OilandGasExploration #energysector #Colombia http://ow.ly/30fR1059hgI

Galp’s new discovery offshore Namibia has been successfully tested, with flows from the Mopane-1X well hitting the maximum limit of 14,000 barrels oil equivalent per day in a test. The Portuguese oil major, in a statement on Sunday, described Mopane as ‘potentially an important commercial discovery’. It reckons the discovered Mopane complex alone could contain hydrocarbon in-place in excess of 10 billion barrels of oil equivalent, and it sees possible additional exploration and appraisal wells in the project’s vicinity. “All acquired data from the current Mopane drilling campaign will be analysed and integrated into an updated reservoir model. The model will serve as the basis to refine Galp´s near-term drilling plan to further explore, appraise and develop the wider Mopane complex,” the company said in a statement. Galp owns 80% of the project where it drilled the Mopane-1X well and made the... More at #Proactive #ProactiveInvestors http://ow.ly/r1qC105qeLZ

🌊 Exciting Discovery in Suriname's Offshore Block 52! 🚀 PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS, has achieved a third hydrocarbon discovery at the Fusaea-1 exploration well in Block 52, located approximately 170 kilometers offshore and 9 kilometers east of Roystonea-1. 🔹 Key Highlights: The Fusaea-1 well was spudded in February 2024 and successfully drilled to a total depth of 5,227 meters with zero Lost Time Incidents (LTI). Several oil and gas-bearing Campanian sandstone reservoir packages were encountered. Further evaluation is underway to determine the full potential of this discovery and its integration with recent finds at Roystonea-1 and Sloanea-1. Datuk Adif Zulkifli , PETRONAS' Executive Vice President and CEO of Upstream, stated: “The favorable results from Fusaea-1 have solidified PETRONAS' position in Suriname for significant hydrocarbon resources, building on the successes of Sloanea-1 and Roystonea-1.” Mohd Redhani Abdul Rahman , PETRONAS Vice President of Exploration, added: “The success of Fusaea-1 is a testament to our advancing geological understanding of the region. These discoveries have significantly enhanced the prospectivity and development potential within Block 52. PETRONAS remains committed to sustainable and high-value exploration activities in key focus regions.” 🌍 About Block 52: Covers an area of 4,749 square kilometers, located north of Paramaribo, Suriname's capital. Operated by PETRONAS Suriname E&P with a 50% interest, alongside ExxonMobil. Additionally, PETRONAS Suriname E&P operates Block 48 and Block 63 with 100% interest and holds a 30% non-operating interest in Block 64. #PETRONAS #Suriname #OilAndGas #Exploration #HydrocarbonDiscovery #SustainableEnergy #Block52 #Fusaea1 #EnergySector

Equatorial Guinea Exploration Alert! Chevron has signed two PSCs with Equatorial Guinea for deepwater exploration acreage. The blocks are EG-06 and EG-11, and the US Major will operate them in partnership with Gepetrol (NOC). The acreage, formerly operated by ExxonMobil, is near the Zafiro field. Chevron has an established position in Equatorial Guinea and already operates the Alen and Aseng fields. It has been a busy week for Chevron as on Wednesday, it signed two Risk Service Contracts for the ultra-deep water Block 49 and 50 in Angola in partnership with Sonangol. The acreage will be Chevron’s first operated acreage south of the Congo River and outside its core Cabinda and Block 14 areas. Following moves since October 2022 to acquire exploration acreage in Namibia’s Orange and Wavis Basins, Sub-Saharan deepwater is fast emerging as a key area of focus for Chevron. 

Petrobras announces a groundbreaking oil discovery in the ultra-deep waters of the Potiguar Basin, marking its second find in 2024. Located between Ceará and Rio Grande do Norte, near Brazil's Equatorial Margin, this discovery emphasizes Petrobras' commitment to replenishing reserves and developing new exploratory frontiers. With a flawless safety record in deep and ultra-deep water drilling, Petrobras plans further exploration to assess the commercial viability of the find. This effort aligns with their strategic plan to invest $7.5 billion in exploration by 2028, with a focus on Brazil's Equatorial Margin. #OilExploration #Deepwater #UltraDeepWater #Energy #EneryInovation #OilReserves #OperationalSafety #MarineExploration #EquatorialMargin #SustainableDevelopment #OilIndustry #EnergyTechnology https://lnkd.in/dka3P3bh

Chevron and Rhino gear up for exploration campaigns in Namibia: Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia. The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basin