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Rigzone Exploration News

1. ConocoPhillips Makes Offshore Gas Discovery in Australia's Otway Basin

   'The Essington-1 well is the first discovery in the Otway since 2021 and is a promising start to ConocoPhillips' exploration activities in the region'.

2. Var Energi Confirms Oil Discovery Near Goliat

   Zagato North yielded estimated gross recoverable resources of up to three million barrels of oil equivalent.

3. TotalEnergies Gets New PSC offshore Guyana

   TotalEnergies, QatarEnergy and Petronas signed a production sharing contract for Block S4 in Guyana's shallow waters with the French company as operator.

4. BOEM Advances 1st Two OBBBA Offshore Lease Sales

   The Bureau of Ocean Energy Management announced that it has advanced the first two One Big Beautiful Bill Act (OBBBA) offshore lease sales.

5. Petronas Gets Two New Exploration Blocks Offshore Suriname

   Suriname's state-owned Staatsolie executed production sharing contracts for Blocks 9 and 10 with Malaysia's Petronas and U.S. oil and gas giant Chevron as operators respectively.