Operators extend search to several nonproducing, underexplored basins

A sustained period of high oil and gas prices has led operators into exploration in more of the world’s remote, nonproducing, and underexplored areas.The areas covered in this article are the Niger rift in West Africa, Rovuma basin in coastal and offshore Mozambique and Tanzania, Georgina basin in Australia, Marfa basin in Southwest Texas, Peten basin in Guatemala, and the Port Sandwich basin in Vanuatu in the Southwest Pacific islands.Niger rift, West AfricaChina National Petroleum Corp’s affiliate in Niger faces logistical challenges as well as geological risk in exploring the Tenere concession in Niger.Demand for drilling equipment and services worldwide is so strong that t...

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