Global Oil and Gas

Highly Experienced Technical Team Appointed

Global Oil & Gas Limited (ASX: GLV) (Global or Company) is pleased to announce that, in conjunction with its partner Jaguar Exploration Inc, it has assembled a highly experienced team of oil and gas professionals and contractors based in Peru and Houston to progress and develop the newly granted 4,858km2 Technical Evaluation Agreement (TEA) offshore Peru.


Highlights

  • World class technical team has been appointed by GLV to progress the recently granted 4,858km2 oil and gas tenure offshore Peru.
  • Several team members have previously worked on the area covered by the GLV tenure, fast-tracking the evaluation and assessment of the opportunity.
  • Experienced advisors appointed are responsible for discoveries of more than 480 million barrels of oil equivalent (mmboe) of 2P reserves and more than 400mmboe in contingent resources in Peru and Colombia.
  • More than 200 years of collective experience
The team consists of senior explorationists with more than two hundred years of collective experience and varied multiple-discipline capabilities which includes geophysical, geological, petrophysical and project management skills.

The team has started work on the available historical geological and geophysical data available and has also completed first technical meeting with the Peruvian state regulator, PeruPetro.

Managing Director Patrick Glovac commented:

“The setting up of such an experienced team will allow GLV to evaluate in a cost-effective manner this highly significant 4,858km2 (over 1.1 million acres) offshore oil and gas opportunity.

The team are proven oil finders with several team members having deep experience with the TEA block and surrounding producing fields, providing the Company with a significant head start.

I look forward to the results of the team’s work and updating the market on our progress.”

Peru Offshore Team Members

Alfonso Ortega (Team Leader)

Alfonso has participated in the Oil and Gas industry for over 35 years, working for Petroleos Mexicanos (PEMEX), the Major Oil Company in Mexico, and for Jaguar Exploration Inc. in a number of capacities within geophysical operations.

He joined PEMEX in 1979, as a field geophysicist, working extensively in seismic design and seismic acquisition evolving into an exploration project team leadership role.

Vidal Huaman (Geologist)

Senior geologist with 22 years of experience in the different stages of exploration, development and production; integrating the studies of geophysics, surface and subsurface geology and well data analysis.

Vidal is a specialist in seismic interpretation, velocity modelling for time-depth conversion and 3D geological modelling (structural & static), reservoir characterization through studies of seismic attributes, rock physics, AVO & seismic inversion and its integration with 3D geological models.

Diego Rivas (Geophysicist)

Diego is a senior geophysicist with expertise in conventional and unconventional oil and gas projects. He has been a key contributor to various oil and gas discoveries in Morocco, Libya, Middle East and Peru with a strong technical and operational background. Diego has participated in the industry for more than 35 years and has hands-on experience on both onshore and offshore environments, deep water depositions and in difficult tectonic regimes.

Humberto Eduardo (Petroleum Systems)

Humberto is a geologist with over 40 years’ experience in Peru. During his career he has participated in several oil and gas discoveries, some examples of which are Caphuari Norte and Sur, Urumba and Picha. He has worked for different major companies like Petrobras, Chevron, Repsol and Talisman focusing mainly in the Marañon, Ucayali and Madre de Dios basins.

The team’s ability to exploration success will be greatly strengthened by the appointment of three advisors, Cesar Ardiles, Henno Siismets and Jairo Lugo as detailed below.

Cesar Ardiles

Senior E&P professional, with more than 30 years of managerial experience. Cesar has built a successful career evaluating regional plays from grassroots through to exploration drilling and field development. He has managed exploration and new venture teams, participated in the risk assessment and ranking of projects and the screening and evaluation of farm-in opportunities and exploration licensing rounds.


Click here for the full ASX Release

This article includes content from Global Oil and Gas Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GLV:AU
The Conversation (0)
Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) ("Westport" or "The Company") announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3  
Webcast: https://investors.westport.com

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Shell sign on a tall pole against a clear blue sky.

Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

Keep reading...Show less
Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

(TheNewswire)

Charbone Hydrogen Corporation

L'équipe Charbone servira de conseiller expert auprès d'un groupe financier privé malaisien pour le développement et la construction de leur première usine de production modulaire et évolutive dans la région Asie-Pacifique.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

(TheNewswire)

Charbone Hydrogen Corporation

The CHARBONE team will serve as expert matter advisors to a private Malaysian financial group for the development and construction of their first modular and scalable production facility in the Asia-Pacific region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
US flag and declining stock graph overlay.

Oil Prices Rise, Then Tumble as Iran Retaliates Against US

Oil prices plummeted over 6 percent on Monday (June 23) as Iran launched a missile strike on a US military base in Qatar in retaliation for American airstrikes on Iranian nuclear facilities.

Reuters reported that Brent crude futures dropped US$4.90, or 6.3 percent, to settle at US$72.19 per barrel, while US West Texas Intermediate (WTI) crude slid US$4.60, or 6.2 percent, to US$69.23 per barrel.

The sharp declines followed initial spikes of nearly 5 percent on Sunday (June 22) evening, after US President Donald Trump confirmed that American forces had “obliterated” key Iranian nuclear sites in a joint response with Israel.

Keep reading...Show less
Oil barrels with arrow, world map and financial charts in the background.

Oil and Gas Price Update: Q2 2025 in Review

In the face of geopolitical strife oil and gas prices were able to register moderate gains through the first half of 2025, although the second half of the year is likely to be punctuated with continued unrest and supply chain fragility.

Oil benchmarks ended the first quarter slightly off their 2025 start positions, with Brent crude coming in at US$76.08 per barrel and West Texas Intermediate (WT) hitting US$72.87 per barrel before headwinds began sending values lower.

In early May, both benchmarks dropped sharply, Brent slipping nearly 6 percent to US$60.48 while WTI fell to US$57.42, a near two year low. The decline was driven by a combination of weak demand and rising supply as OPEC+ signaled plans to boost production in July, adding to existing oversupply concerns after a surge in global inventories.

Keep reading...Show less

Latest Press Releases

Related News

×