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The new discovery in Block GUA-OFF-0 'consolidates the gas province and the gas potential in the Colombian offshore', Petrobras said.
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Eni announced new gas discoveries in Libya totaling more than one trillion cubic feet.
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'The volume basis in Johan Castberg was originally estimated at 500-700 million barrels, and Equinor has an ambition to increase this by an additional 200-500 million barrels'.
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13 companies submitted 38 bids totaling $69,838,782, a DOI statement highlighted.
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'The Barokah-1 discovery reinforces the compelling exploration potential we continue to see in the Northern Madura region, East Java'.
