Galp focused on production “as soon as possible” in Orange Basin
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
Hercules
Galp strikes significant discovery off Namibia, to drill deeper
Galp will drill Mopane-1X deeper, in order to explore further targets, it said. Once the work is complete, it will relocate the rig to drill Mopane-2X for further evaluation.
Galp hints at success for Namibian Orange Basin test
Success at Mopane would represent a step forward for Namibia’s Orange Basin.
Galp to drill Orange Basin well next month
“The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.
Hercules adds trip back to Canada for Equinor
Equinor shelved its ambitious Bay du Nord development plans in May. However, the company is continuing to pursue exploration in the area.
Energean adds more gas to its Israeli pantheon
Energean has added another 13 billion cubic metres of gas offshore Israel at its Zeus exploration well, with one more well to drill.
Hercules takes five rigs off the market
Hercules Offshore said it will be taking five drilling rigs off the market in the Gulf of Mexico. The company also expects to write off $117million in asset value in the second quarter of the year.