February 07, 2018

GUPA Monthly Updates Summary in January 2018

Stratas Advisors

This excerpt is from a report that is available to subscribers of Stratas Advisors’ Global Upstream Project Analytics services. 

The Global Upstream Project Analytics (GUPA) service has been timely tracking global upstream oil and gas activities, including new licensing rounds, new discoveries, upstream projects developments, companies working interests’ acquisitions and divestitures.

New Licensing Round

In January 2018, Norway awarded 75 new licenses to oil companies; Mexico and Argentina offered new exploration licenses and blocks for oil and gas companies to bid on.

New Discoveries

In January 2018, 14 discoveries were made in 10 countries by 12 operators. The operators include Bapex, BP, California Resources Production Corporation, Canacol Energy, Chevron, Erin Energy, ExxonMobil, Pakistan Petroleum, Po Valley Energy, Shell, Sinopec, and Stone Energy. The discovery countries are Guyana, USA, Pakistan, Papua New Guine, Colombia, Italy, Bangladesh, China, UK, and Nigeria.

Upstream Projects

For January 2018, 7 projects from operator Alpha, BP, Chevron, Shell, Statoil, Suncor, and Tulip Oil have changed status, either moving forward in development or delayed. The projects cover 5 countries: Azerbaijan, Canada, Netherlands, Norway, UK, and USA.

Picture 1 Location Map of Global Upstream Updated Projects January 2018

Acquisitions and Divestitures

In Jan. 2018, 18 companies involved in A&D activities, including Alpha Imperial, Pertamina, Shell, Total, Noble Energy, PTTEP, Beach Energy, and Augus Energy. The assets locate in 8 countries, including Australia, Brazil, Indonesia, Iraq, Israel, Thailand, UK and US.

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