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Special Report: Remote, underexplored basins still objects of exploration

08/24/2009
Exploration has persisted in some of the world's remote and underexplored basins even in the face of weak oil prices at half or less than their level of a year ago.Discoveries have also resulted as operators work to minimize the time elapsed between obtaining acreage and deriving revenue from hydrocarbons discovered, produced, and sold.The Russian-owned Deep Venture drillship handled the drilling of the Kunene-1 exploratory well for the Sintezneftegaz group on Block 1711 in the Atlantic off Namibia. Photo by Jeff Greenblum, courtesy of EnerGulf Resources Inc.This article describes exploration projects in the Namibe basin off Namibia, the Flamingo Trough between Australia and Timor-Leste, ...
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