The latest oil and gas news from around the world.
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Two of the exploration blocks sit near the BP-operated Tangguh LNG in Papua Barat province, presenting 'potential for short-cycle development', BP said.
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The MoU with state-owned EGAS covers a 'large area' off the north-western coast of Egypt.
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The agreement marks TotalEnergies' resumption of in-the-field activities in the country since the French energy giant ceased production about 15 years ago due to international sanctions against the Assad regime.
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The six-block North Ustyurt production sharing contract is BP's first project in the Central Asian country.
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'We have assessed there are significant undiscovered resources in the Bossier Formation', USGS Director Ned Mamula said.