Suriname's Exploration Breakthrough Is Accelerating the Caribbean's Next Offshore Race

Murphy Oil spuds Lac Da Trang exploration well offshore Vietnam

Murphy Oil spudded the Lac Da Trang North-1X exploration well in Block 15-1/05 offshore southern Vietnam, targeting 40 MMbbl to 80 MMbbl of recoverable resources in the Cuu Long Basin. Murphy operates the block with a 40% interest, alongside partners PetroVietnam Exploration Production (35%) and SK Earthon (25%). A commercial discovery at Lac Da Trang … The post Murphy Oil spuds Lac Da Trang exploration well offshore Vietnam appeared first on Dr…

Suriname's Exploration Breakthrough Is Accelerating the Caribbean's Next Offshore Race

GEORGETOWN, Guyana : A series of major developments in the last month is reshaping investor expectations for Suriname’s offshore sector. TotalEnergies awarded a major contract for its landmark GranMorgu development, Petronas announced another discovery in Block 52 and new geological research identified a highly prospective oil-generating “sweet spot” offshore. Together, these milestones reinforce Suriname’s emergence as a leading deepwater explo…