Indonesian government today, May 17, launched a licensing round for 21 oil and gas exploration blocks, in an effort to improve chances of increasing the production of oil and natural gas nationwide. The authorities have classed 19 blocks as conventional and two as unconventional areas. Of the blocks offered, 17 are located in offshore areas, mainly in [...]
Brazil’s state run oil and gas company Petrobras has acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its own or in partnerships, 34 of the 289 blocks offered in the bid. It also secured, in its technicians’ opinions, the blocks with the [...]
Premier, a UK-based independent oil and gas exploration company, has been awarded three blocks in Brazil’s 11th Round held in Rio de Janeiro on 14 May. The blocks are located in deep water basins offshore North East Brazil in largely under-explored areas and contain prospects and leads capable of delivering between 250 mmbbls and 1 [...]
Chariot Oil & Gas Limited has announced that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration licences, BAR-M292, BAR-M-293, BAR-M-313 and BAR-M-314, in the Barreirinhas basin, offshore Brazil. The acreage position of the combined licences totals 768km2 and the blocks are [...]
Norway’s oil company Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. “With this agreement we gain access to a vast, underexplored area with high-impact potential,” says Pål Haremo, senior vice president for Global new ventures in Exploration. “This is in line with [...]
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced that Irish Government consent has been received for the transfer of interest and operatorship (`Transfer’) for its two Licensing Options LO 11/7 and LO 11/8 (`Licences’), which cover approximately 2,000 [...]
Cairn Energy PLC has announced a farm-in as Operator to two licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries, and six adjacent licensing option blocks. The acreage covers an area of 2,753km2 with more than 500km2 of 3D seismic and will provide [...]
Petroceltic International plc has announced that, in a joint venture with Edison International Spa, it was the successful bidder for two blocks, North Thekah and South Idku, in the Egyptian Natural Gas Holding Company 2012 International Bid Round. North Thekah (Block 7) is located offshore the Nile Delta and potentially contains an extension of the [...]
Malaysia’s state controlled oil and gas company Petronas yesteday issued a statement in response to media writings on the company’s possible acquisition of OGX ’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin. Petronas denied the media speculation saying: “Petronas has not entered into any agreement with OGX or any other party with [...]
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The LOTOS shipyard located in Astrakhan has completed the construction of two supporting blocks commissioned by LUKOIL. The two supporting blocks are designated for the ice-resistant stationary platform (IRP-1) located at the Vladimir Filanovsky field in the Caspian Sea. The supporting blocks will soon be towed offshore and fixed at a 7-meter depth. The total [...]
