Exclusives

Reliance Industries, BP, KG-D6 Block, India oil and gas

The companies plan to invest about US$4 billion to develop natural gas discoveries in the Bay of Bengal’s KG-D6 Block.

An infill drilling program will kick off the plan’s launch in second-half 2018 followed by installation of a 12-well slot platform in first-half 2019.

The treaty signing in New York on March 6 marked the first conciliation under the U.N. Convention on the Law of the Sea—a process UN Secretary-General António Guterres said could offer other countries a path toward resolving contentious maritime boundary disputes.

India, ONGC, gas production, growth

The state-run company has increased its gas production by 10% in the last three years, but that is expected to rise.

Malikai TLP is an important project for TechnipFMC and its partners, showcasing our capabilities in delivering complex deepwater projects in the Asia Pacific region.

Drilling

IKM Subsea Singapore signed a contract with PTTEP for their appraisal campaign offshore in Myanmar, the company said on April 3.

The two countries have agreed to set up a special panel to work out how they can jointly explore in part of the hotly contested waters without having to address the issue of sovereignty, something experts say would be extremely complex.

Tethys Oil has been selected to receive an onshore exploration license covering the southwestern part of Oman towards the border of Saudi Arabia.

Pacific Hunt Energy is planning a total of four exploration drilling campaigns for its Myanmar onshore blocks PSC C-1 and PSC H in the year 2018 and 2019.

Chairman Manuel Pangilinan told reporters he was looking to discuss plans to resume PXP’s stalled Reed Bank project in the hotly contested waterway with the Philippine government.

Field Development

BP and Reliance Industries Ltd. on April 19 announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6.

Italy’s oil major Eni (NYSE: E) has received approval of a plan of development of a natural gas field located offshore East Kalimantan in Indonesia.

The natural gas treatment plant project worth nearly US$600 million is of "great significance" to the development of oil and gas for Petrobras pre-salt, according to the company press release.

The Gorek, Larak and Bakong fields will be developed as three separate wellhead platforms tied back to the existing processing facility and to the MLNG complex, Sapura said in a news release.

India’s Oil and Natural Gas Corp. Ltd. (ONGC) and Reliance Industries Ltd. (RIL) have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years.