Companies are planning to spend billions of dollars on offshore projects, while also tapping technology for onshore fields as demand grows.
The company is looking to push ahead with a FLNG solution for the Pandora gas field in PRL 38 offshore PNG.
Talisman Energy is due to go out to tender this week for what is believed to be Asia’s first tension leg wellhead platform (tlwp) for its upcoming Ca Rong Do development, offshore Vietnam.
Exploration work is also moving along at a steady pace, with appraisal drilling and seismic shoots ongoing.
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.
Otto Energy subsidiary Otto Energy Philippines has entered into a letter of intent with Maersk Drilling for one of its ultra-deepwater drillships to drill a frontier wildcat offshore south-west Palawan.
Talisman Energy and its partners are looking to complete a base development plan for a combined FPSO and TLWP project offshore Vietnam by mid-2015.
Otto Energy, the former operator of the Galoc field in the Philippines, has sold off its remaining stake in the producing project to fellow Aussie independent Nido Petroleum for US $106 million.
Japan’s Inpex is selling 10% of its stake in a deepwater block offshore eastern Malaysia to Australian player Santos, although no sale price is being revealed.
Noble Energy and its partners in the ultradeepwater Leviathan Field offshore Israel are still waiting for an update on the situation that has seen the country’s Anti-Trust Authority essentially try to pull the rug from under their feet on one of the world’s biggest gas finds of recent times.
Last year, Indonesia's Pertamina was among companies awarded 11 Indonesian blocks, Reuters said. Indonesia offered 16 conventional and unconventional blocks last year, said the energy and mines ministry’s acting director general.
On average in Indonesia, Eni produces 17 Mboe/d. Eni currently has three rigs working offshore Libya in Area D, and currently produces about 350 Mboe/d in the country.
Block 105 covers 7,192 sq km in the Gulf of Tonkin.
The second phase covers the remaining one-third of the transaction or 10% of Murphy's Malaysian oil and gas assets. The first phase for two-thirds of the transaction closed on Dec. 18, 2014, according to the release.
The company also plans to undertake airborne gravity and magnetic surveys in the Udan Emas Block.
KrisEnergy Ltd. contracted Key Gibraltar for six months for its Thai drilling program, which includes the Rossukon-2 well and 15 development wells in the Wassana oil field.
CNOOC Ltd.’s Qinhuangdao 32-6 comprehensive adjustment project has commenced production, the company said March 9 in a news release. The Qinhuangdao 32-6 oil field is located in Bohai Bay with an average water depth of about 20 m (66 ft).
CNOOC Ltd.’s Jinzhou 9-3 comprehensive adjustment project has commenced production.
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.
China may merge its state-owned oil companies to create giants that will be more efficient and capable of taking on overseas rivals like Exxon Mobil Corp., the Wall Street Journal reported.
Scott Myers and Edward Wharam joined as managers for the Middle East and Indonesia and Malaysia, respectively.
ABB has won a contract worth more than $50 million to supply the electrical system for PFLNG2.
Carimin Petroleum Berhad has received an umbrella contract for provision of spot charter marine vessel services from Petronas Carigali Sdn Bhd.
The contract calls for the EPCC work associated with expansion of LNG storage and shipping facilities at the Petronas LNG Complex.