Category Archives: Production

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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Australia’s Ichthys LNG dealt blow as major contractor pulls plug

* CIMIC pulls out of building power station to supply Ichthys LNG * Ichthys operator Inpex says power station 89 pct complete * Ichthys LNG Jul-Sept 2017 start-up likely to be delayed By Henning Gloystein SINGAPORE, Jan 25 Australia’s over … Continue reading

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BP acquires Repsol’s stake in Tangguh LNG project

Mon Dec 5, 2016 | 2:57pm GMT REUTERS British oil company BP has acquired Spanish group Repsol’s 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. … 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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Shell begins production from Malikai offshore platform in Malaysia

December 16, 2016 Shell has started oil production from the Malikai Tension-Leg Platform (TLP), which is located 100km off the coast of Sabah, Malaysia. Malikai is located in waters up to 500m deep and is the company’s second deepwater project … Continue reading

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APLNG 2nd train starts production

ConocoPhilips-operated Australia Pacific LNG project said Monday it had produced the equivalent of a cargo of liquefied natural gas from the second train at its facility on Curtis Island near Gladstone. Australia Pacific LNG CEO, Page Maxson, said the second … Continue reading

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Hibiscus to buy Shell’s operatorship of four oil fields offshore Sabah

Wednesday, 12 October 2016 | MYT 7:45 PM BY M. HAFIDZ MAHPAR KUALA LUMPUR: Shell has reached an agreement to sell its 50% equity interest in the 2011 North Sabah enhanced oil recovery (EOR) production sharing contract (PSC) to Hibiscus Petroleum … Continue reading

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