High-impact exploration finding mostly gas

Sept. 23, 2019

In 1H 2019, 51 high-impact exploration wells were completed, according to Jamie Collard, senior analyst, Westwood. Sixteen discoveries estimated to be over 100 MMboe were made, with the largest discoveries all being gas at Dinkov (~14 tcf) and Nyarmeyskoye (4.3 tcf) in the Kara Sea off Russia, and Glaucus (4.5 tcf) in the eastern Mediterranean off Cyprus. The largest oil discoveries are at Yellowtail and Tilapia of Guyana. High-impact emerging play exploration was dominated by the Upper Cretaceous Liza play off Guyana, the Pliocene deepwater clastic play off Trinidad, and the Cretaceous gas play in the Kara Sea. High-impact success was also seen in maturing/mature plays, including Eni’s block 15/06 off Angola (Agidigbo and Agogo) and at CNOOC’s Glengorm discovery in the UK central North Sea.