This huge country has had to look, learn—and invest—in resources outside its own borders just as much as it has at home to find the key to unlock the subsurface riches that it undoubtedly possesses.
As gas fields from Australia to the U.S. line up to boost LNG supplies, attention is being paid to Asia’s demand growth.
Field development and exploration plans progress in South China Sea.
Indonesia will improve transparency at its offshore oil trading company as President Joko Widodo takes steps to clean up the energy industry.
The energy ministry aims to offer offshore blocks during a bidding round by year-end 2015.
Exceed is underway with work on what will be Myanmar’s first ever deepwater exploration drilling campaign.
State-owned Oil & Natural Gas Corporation (ONGC) is looking to start producing gas from its deepwater Block KG-DWN-98/2 off the country’s eastern coast by mid-2018, according to India’s Petroleum Minister, Dharmendra Pradhan.
PNOC-EC has expressed an interest in farming into Service Contract 55 in the Palawan Basin in the Philippines for a 15% working interest.
CGG has completed processing of the Bade FALCON airborne gravity gradiometer multiclient survey it recently conducted within the Papua Foreland Basin.
The well was tested to produce about 1 MMcm (35.6 MMcf) of natural gas and 395 bbl/d.
The first phase covers two-thirds of the transaction or 20% of Murphy’s Malaysian oil and gas assets with the remaining portion scheduled to close in first-quarter 2015.
The survey is expected to commence in December 2014 and will take about 60 days to complete.
Production commenced Nov. 11, 2014 with two wells, MNA-01 and MNA-02, initially flowing at a combined rate of 2,200 bbl/d. Manora is now producing from five wells, MNA-01, MNA-02, MNA-03, MNA-05 and MNA-07.
The Warsaw-based utility wants to invest as much as 50 billion zloty (US$14 billion), including in acquisition of E&P assets, as it seeks to boost foreign output to about 50 MMboe by 2022.
The Lengo gas discovery is located in the Bulu A area and will be developed via four development wells and an unmanned wellhead platform.
According to the preliminary results of the flowback and production testing of Cambay-77H, the commercial development of Cambay Field in India using multistage fracturing technology is feasible.
The Panyu 34-1/35-1/35-2 project in the Pearl River Mouth Basin of the South China Sea has started production, CNOOC Ltd. said in a news release.
One of Atwood Oceanics Inc.’s subsidiaries has entered into an agreement to provide drilling services with the jackup rig Atwood Mako.
Under the terms of the nonbinding MOU, Woodside and Adani agree to cooperate in identifying, investigating and developing potential business arrangements and commercial initiatives.
The Panzhuang concession is the most developed CBM concession in China.
McDermott International Inc. has completed the installation of a 3,086-ton central processing platform topside using the tight-slot float-over method in the Kepodang gas field.
Polarcus Ltd. has received a commitment from an undisclosed client for a broadband 3-D marine seismic acquisition project in Australasia.