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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.
The country aims to increase domestic oil and gas exploration, development and production, while reducing its reliance on imports, to meet growing demand.
Indonesia’s upstream sector, after a decade of production decline and several years of investor uncertainty, is finally upping its game.
Known as the ‘Land of Fire,’ Azerbaijan has an oil and gas pedigree that is second to none, but with production declining, its offshore sector needs to heat up.
The Oseil-28 well was completed as a producer with final clean-up rates prior to rig release of about 640 bbl/d of oil.
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.
Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said July 12, as the government prepares to offer new blocks to investors in bidding in December.
The production test recorded the Merakes reservoir's gas deliverability. Merakes could have 2 trillion cubic feet of gas in place.
Polymer injection is expected to begin between January and March 2015.
Premier Oil will conduct appraisal drilling for the project in 2019 and will likely make a final investment decision late that year or in early 2020, CEO Tony Durrant said.
The company expects to take about two years to reach full-scale production through a gradual increase in utilization rates by conducting various tests, said Masahiro Murayama, Inpex’s senior managing executive officer.
Oil major Royal Dutch Shell Plc (NYSE: RDS.A) has agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018.
Production started at the Sofiya gas field Oct. 27.
Indian firms led by ONGC Videsh, the foreign investment arm of Oil and Natural Gas Corp., have been negotiating with Iran for development rights of Farzad B gas field since its discovery in 2008.