Exploration & Production
Quest has participated in Exploration and Production projects for almost 30 years through its subsidiary Quest Energy LLC. Projects have included exploration in West Korea Bay, field development and production enhancement in Russia's Komi Republic, exploration offshore Nigeria, field development in Uzbekistan and exploration offshore Philippines. Currently, Quest holds a 50% interest in Umm al Quwain Petroleum Limited, a company that acquired an exploration license in the Emirate of Umm al Quwain in the UAE, where no drilling had taken place in the Emirate for 30 years. The license lies just the north of the giant Sajaa gas condensate field in the adjoining Emirate of Sharjeh, which has been producing for more than 30 years.
Since acquiring the license in March 2013, Quest acquired a new 3D seismic program and re-processed the existing 3D seismic before integrating the surveys into a comprehensive interpretation of the block. A number of prospects and leads have been mapped including a large multi-target prospect which will be drilled during 2016.