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Exploration & Development

West Africa-focused oil and gas firm Azonto Petroleum has applied to further extend the exploration period for the Accra Block, offshore Ghana.   The Accra Block covers an area of 2,000km² with water depths varying between less than 50m and more than 2,500m.   The block features various large exploration…
Rosneft has completed drilling at the Universitetskaya-1 well in the Arctic and discovered oil at the East-Prinovozemelskiy-1 licence area in the Kara Sea.   The company said the sea depth at the drilling site is 81m, while the designed depth of the vertical well is 2,113m.   The drilling resulted…
  HANOI—Vietnam and India agreed Monday to expand cooperation in oil and gas exploration and production in contested waters of the South China Sea, despite previous objections from China.   The agreement between ONGC Videsh Ltd. and Vietnam Oil and Gas Group, or PetroVietnam, was among several signed between the…
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