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The Italian major is gearing up to develop the Merakes gas field offshore Indonesia in the East Sepinggan Block with a six-well drilling campaign in March 2019.
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.
The state-owned explorer faces challenges to produce gas from its UD-1 discovery in the Bay of Bengal.
Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions.
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.
Precision Drilling Corp. said July 9 it has been awarded one newbuild ST-3000 drilling rig in Kuwait under a five year take-or-pay contract with an optional one year extension.
Top Chinese oil and gas firm PetroChina (NYSE: PTR) struck high flow rates in a deep shale gas well in Chongqing in southwest China, the Xinhua News Agency reported on June 13.
Tap Oil Ltd. on June 4 provided an update on drilling of the Manora-8ST1 appraisal well at the Manora oil field in the G1/48 concession in the Northern Gulf of Thailand (Tap 30% interest).
A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new production well in waters off the southern coast of Vietnam.
Norway’s Borr Drilling plans to buy five new jackup oil drilling rigs from an Asian shipyard for a total of $720 million, the company said on May 15.
Polymer injection is expected to begin between January and March 2015.
Aker Solutions said Oct. 23 it has received a notification of award for orders valued at more than NOK 1.7 billion (US$204 million) from the China National Offshore Oil Corp. (CNOOC) to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.
The project brings together leading subsea equipment and services from BHGE, McDermott and LTHE to provide ONGC with end-to-end project delivery.
Malaysian oil and gas company Hibiscus Petroleum is aiming to double its oil output in the U.K. North Sea and in Malaysia to 20,000 barrels per day by 2021.
The closure marks the beginning of the end of the company’s first foray into oil and gas E&P that started in September 2008 when the field produced first oil.
Ocean Installer said Aug. 28 it has been awarded a contract for third party verification and engineering support work for the Liuhua 29-1 gas field development located in the South China Sea.