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When it comes to success rates for discovering new oil and gas resources, 2021 saw one of the lowest on record. However, with the return of high-impact oil exploration in 2022, O&G businesses have seen a much higher success rate.
Wood Mackenzie thinks exploration still has a role to play in the UKCS, but drilling activity is already at historic lows and the addition of new acreage – which will have been offered up in previous rounds – is unlikely to reverse that trend significantly.
Searcher, a service provider of global multi-client geoscience data, announced its Sudan 2D Rectified Seismic Dataset, in cooperation with the Sudan Ministry of Energy and Petroleum.
Searcher, a service provider of global multi-client geoscience data, announced its Sudan 2D Rectified Seismic Dataset, in cooperation with the Sudan Ministry of Energy and Petroleum.
The Mangat Group, a Glendale-based land development group, announced a new partnership with Phoenix-based Liberty Petroleum Corporation in pursuit of a world-class exploration project with the potential to uncover a significant amount of oil.