This discovery follows PUK's Southern North Sea (SNS) 2023 drilling campaign, utilizing the Valaris-247 rig.

Neptune Energy, in collaboration with its partners, has unveiled a significant gas discovery at the Kyrre prospect and confirmed volumes for the Ofelia appraisal well, both situated within the PL 929 license near the Gjøa field in the Norwegian sector of the North Sea.

The majority of these untapped resources are situated in tight reservoirs, characterized by low permeability, high pressure, and temperature challenges, requiring innovative technologies for extraction.

The plan outlines the replacement of a failed flowline and the connection of two new wells to the Otway Gas Plant, along with the recovery of the failed flowline for proper disposal.

The company received environmental clearance from the Department of Nature Protection of the State Government of Upper Austria, marking the completion of the permitting process.

Recent deepwater oil discoveries off the Namibian coast have ignited significant excitement within the industry, according to Wood Mackenzie's Upstream Research Director Ian Thom.

Shell has enlisted Stena Drilling's mobile offshore drilling unit for the ongoing drilling campaign.

NJSC Naftogaz Ukraine revealed in a media statement that tests conducted on an exploratory well unveiled an impressive gas flow rate exceeding 7.06 million cubic feet per day (200,000 cubic meters per day).

These agreements mark a strategic move by Karoon to bolster its asset base and broaden its presence in the international oil and gas market.

The Wei-1 well, located approximately 124.3 miles (200 kilometers) offshore from Georgetown, Guyana, has yielded a total of 114 feet (35 meters) of net pay.