International oil company Trident Energy and its joint venture (JV) partners have announced the extension of the production sharing contract (PSC) for Block G offshore Equatorial Guinea to December 31, 2040. The decision made by the Ministry of Mines and Hydrocarbons of Equatorial Guinea to extend the PSC for Block G, under the leadership of […]
Westwood Global Energy Group reports that high impact drilling activity in 2021 was at a similar level to 2016-2018, with 74 wells completing. As in 2020, discovered resource in 2021 was dominated by a small number of large discoveries in Russia. Outside Russia, discoveries in 2021 were at the lowest level since at least 2008.