Exploration & Development

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Norway
May 28, 2025
OKEA ASA discovered oil in the northern part of the North Sea and will assess the deposit as part of further development of the field.

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May 16, 2025
Upper Zakum, part of Zakum field, the world's second largest offshore field, lies 84 km northwest of Abu Dhabi.
May 16, 2025
The UCO3 concession area is 3,609 sq km, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of Abu Dhabi.
Photo from Yinson.
Agogo FPSO
May 16, 2025
The Agogo FPSO forms a key part of the Agogo Integrated West Hub Project, which aims to develop Agogo and Ndungu fields, increasing production in Block 15/06.
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Argentina flag
May 15, 2025
Phoenix confirmed it will independently finance its multi-year investment program, which includes $2 billion in planned capital expenditures over the next 5 years.
May 14, 2025
Field redevelopment will be through a new-build central processing platform replacing the MOPU with 24 production well-slots. First oil is expected in second-quarter 2027.