Category Archives: Exploration

Indonesia changes production-sharing terms

HOUSTON, Jan. 20 01/20/2017 By OGJ editors The government of Indonesia has implemented new production-sharing terms for oil and natural gas. The Ministry of Energy and Mineral Resources issued regulations for the new “gross-split contract,” which is based on gross … Continue reading

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Successful production from Petronas’ first floating lng facility

December 10, 2016, Saturday KUCHING: Petroliam Nasional Bhd’s (Petronas) first floating liquefied natural gas (LNG) facility, PFLNG Satu has achieved an industry breakthrough with the successful production of its first drop of LNG from the Kanowit gas field, offshore Sarawak … Continue reading

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Thai PTTEP gets to operate SK410B block in Malaysia

Malaysia’s Petronas has awarded a Production Sharing Contract (PSC) to Thai PTTEP, Kuwait’s KUFPEC, and Malaysia’s Petronas Carigali Sdn Bhd for the exploration Block SK410B. The PSC was signed at Petronas Twin Towers, in the presence of the President and CEO of Petronas, Zulkiflee Wan Ariffin. … Continue reading

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Petronas, YPF Challenge Oil Rout in $550 Million Deal

Dec 11, 2014 5:53 AM GMT+0800 By Pablo Gonzalez BLOOMBERG: YPF SA (YPF) and Petroliam Nasional Bhd., Argentina and Malaysia’s state-owned energy companies, respectively, signed a $550 million accord to drill fields at the world’s fourth-largest shale oil deposit in … Continue reading

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PTTEP earmarks $3.3 bn for Myanmar

The Nation September 17, 2014 1:00 am Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the … Continue reading

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Malaysia still a key source of O&G production for Shell

by Ronnie Teo ronnieteo@theborneopost.com. Posted on September 8, 2014, Monday MIRI: Malaysia remains a key upstream source for Royal Dutch Shell plc (Shell) as exemplified by 10 new gas discoveries so far in 2014, the highest of its kind in … Continue reading

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Global Oil Exploration Nears $1 Trillion – Where Are The Finds?

REUTERS Thu Jul 10, 2014 3:36pm BST * New oilfield development drop to lowest since 1999 * Global reserve replacement ratio falls steeply * Enhanced oil recovery from mature field is partial solution By Ron Bousso LONDON, July 10 (Reuters) … Continue reading

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