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Condor finds deep-water turbidite reservoir systems at TEA-86 in Peru

Oil & Gas | intent | March 27, 2026 | Comment off

Condor Energy has identified deep-water turbidite reservoir systems across its Technical Evaluation Agreement (TEA-86) acreage in the Tumbes Basin offshore Peru, following an accelerated programme of integrated subsurface studies. The findings address a key exploration uncertainty and support the company’s application to convert its TEA into an exploration licence contract. The integrated technical programme combined […]

Condor Energies begins multi-well gas drilling campaign in Uzbekistan

Oil & Gas‚ Oil and Gas Industry | intent | September 24, 2025 | Comment off

The campaign begins with a vertical well targeting producing carbonate reservoirs and deeper stacked clastic and basement formations at around 3,000 meters. Drilling and evaluation of the well are expected to conclude in October 2025. Results will guide a 12-well horizontal program, with each well forecast to produce 13–20 MMcf/d at a cost of roughly $3.3 million once the drilling learning curve is achieved.