China Oilfield Services Limited hosted a ceremony in the deep-water wharf at Yantai CIMC Raffles Shipyard Co. Ltd. for delivery of the deepwater semi-submersible rig COSLPromoter. COSLPromoter, the third semi-submersible drilling rig CIMC Raffles constructed for COSL, shares the same design as rigs COSLPioneer and COSLInnovator which were delivered and had commenced operations earlier. [...]
CNOOC Limited today announce its results for the first quarter of 2012. In this quarter, the Company achieved a total net production of 79.8 million barrels of oil equivalent (BOE), representing 6.3% decrease year over year (YoY) mainly due to the suspension of production of Penglai 19-3 oilfield at Bohai which is operated under a [...]
French-based, international oilfield services provider, Technip has been awarded by Offshore Oil Engineering Co, Ltd (COOEC) a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, at approximately 300 kilometers South of Hong Kong, China. With a total length of 260 kilometers, the pipeline will [...]
Fairstar Heavy Transport N.V. (FAIR) announces today that its’ newbuild vessel FORTE has completed sea-trials in China. The sea-trials finished with a successful submerging test. The new build 50,000 DWT semi-submersible vessel began its sea trials off the coast of China on April 10, under the supervision of Det Norske Veritas (DNV), the vessel’s Classification [...]
April 20, 2012 | Posted in
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IEV International Limited (“IEV”), a wholly-owned subsidiary of Malaysia-based IEV Group Sdn. Bhd. has secured contracts to supply its proprietary “ocean-powered” Marine Growth Prevention (“MGP”) technology to three newly built platforms and one existing platform in the South China Sea and the Gulf of Thailand. A total USD 960,000 worth of MGPs will be supplied [...]
China’s CNOOC Limited today announced that the Company has encountered gas pay at Dongfang(DF)13-2 in high-temperature and high-pressure natural gas reservoir in Yinggehai basin, following the successful appraisal of the middle formation of DF 13-1 gas field in 2010. The new discovery DF13-2 is located in the north of central sag in Yinggehai Basin of [...]
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China-based COSCO (Guangdong) Shipyard Co. Ltd. has secured a contract with Energy Drilling Pte Ltd (“Energy Drilling”) to construct 2 units of Self Erecting Drilling Tender Barges valued at over USD220 million with an option for an additional 2 barges. The 2 barges under the firm contract are to be delivered in the 2nd quarter [...]
April 19, 2012 | Posted in
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CNOOC Limited today announced that the Company has successfully appraised the Penglai(PL)9-1 hydrocarbon bearing structure following the discovery made in 2010. The appraisal confirmed that PL9-1 is a large oilfield. PL9-1 is located in the Miaoxibei uplift in the eastern part of Bohai, with an average water depth of 25 meters. One of the appraisal [...]
Seadrill, one of the world’s largest drilling contractors, has placed an order for a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drilling and handling tools, spares, and capitalized [...]
April 12, 2012 | Posted in
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The Block, covering 5,130 square km in the attractive deep water of the South China Sea, has a high exploration potential.
April 11, 2012 | Posted in
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