Pemex’s offshore exploration well Puskon-1, situated approximately 60 kilometers off the coast of the city of Tuxpan, Veracruz, Mexico, has encountered an “active petroleum system”. The Mexican state-owned petroleum company said that the well confirmed the presence of wet gas at a depth of 7.200 meters. Pemex said that the work was underway “on defining [...]
Valiant Petroleum plc has been awarded operatorship and a 50% interest in License PL 617, Block 2/9 on the Norwegian Continental Shelf as part of the APA 2011 Licensing Round. The other partners are Premier Oil Norge AS (35%) and Bridge Energy Norge AS (15%). The award represents Valiant’s first operated block in Norway. The [...]
January 18, 2012 | Posted in
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DEO Petroleum plc, the oil and gas development and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that the amalgamation agreement to combine the Licence P218 Block 15/21a Gamma Sub Area (“Gamma”) and Block 15/21g (“Spaniards”) areas has been finalised. The parties to the agreement will now effect [...]
January 15, 2012 | Posted in
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African Petroleum Corporation Limited, an oil and gas company focused on exploration in West Africa region, has entered into an agreement with PETROCI and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI-513 (“Permit”). The block is located in the Western Offshore area of Côte d’Ivoire, with a total surface [...]
January 11, 2012 | Posted in
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Northern Petroleum, an oil and gas explorer and producer, operating in areas of low risk, has been awarded part blocks 98/13 and 98/14 in the UK 26th Licensing Round. The new licence is located offshore adjacent to Northern’s Isle of Wight onshore licence, PEDL 240, awarded in May 2008. The part blocks 98/13 and 98/14 [...]
CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas in West Africa and China, today announced that it has signed a heads of agreement (“HOA”) to acquire one hundred percent of the issued share capital of Avana Petroleum Limited, a private Isle of Man company [...]
January 2, 2012 | Posted in
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Two new bodies will begin work on 1 January 2012 in Australia, bringing greater consistency and efficiency to offshore petroleum regulation in Commonwealth waters – and potentially billions of dollars of benefits for the economy according to a press release on the Australian Governments’ website. The creation of the National Offshore Petroleum Safety and Environmental [...]
Tangiers Petroleum Limited has taken the opportunity to accelerate its Moroccan exploration program. The Company has reached agreement with Polarcus Samur Ltd to immediately commence an approximate 677 km2 3D seismic acquisition programme within its Tarfaya Block. This campaign will further delineate the areal extent of the structures for 3 of Tangiers most significant prospects [...]
December 19, 2011 | Posted in
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Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A and Service Contract 54B announce the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011 . Nido’s partners in SC 54A are Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy [...]
December 15, 2011 | Posted in
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Lundin Petroleum AB (Lundin Petroleum) announces that it recently spudded the Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 is planned to be drilled to a total depth of 1,888 metres by the jack-up rig “Offshore Courageous”. The objectives of the well are to appraise and test the [...]
