Where Service is Paramount!

Rigzone Exploration News

1. BP Makes New Discovery offshore Brazil

   BP announced a new hydrocarbon discovery in Brazil's Santos Basin, in the deepwater Tupinamba block.

2. Equinor Doubles Estimate for Afrodite Gas Discovery

   An appraisal well showed that the Afrodite discovery near the Kvitebjorn field on Norway's side of the North Sea potentially holds 77-180 million barrels of oil equivalent recoverable natural gas and condensate.

3. Libyan Deal Paves Way for Broader Turkish Drilling in Mediterranean

   Turkey moved closer to expanding energy exploration in the eastern Mediterranean after the second of Libya's two governments endorsed maritime boundaries disputed by European Union members Greece and Cyprus.

4. OPEC's Smallest Member Rewrites Oil Law

   African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers.