Tag Archives: deepwater

Chevron exits Indonesia’s Makassar Strait block: regulator

Wilda Asmarini JAKARTA (Reuters) – Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday. Indonesia’s energy minister … Continue reading

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Eni gains further PSC in gas-rich basin offshore Indonesia

05/04/2018 SAN DONATO MILANESE, Italy – Indonesia’s government has awarded Eni a 100% operated interest in the East Ganal deepwater exploration block in the Kutei basin. This is a new “gross split” production-sharing contract (PSC) covering 5,100 sq km (1,969 sq mi) and … Continue reading

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Indonesia sanctions deepwater Merakes gas tieback

04/19/2018 SAN DONATO MILANESE, Italy – Indonesia’s Energy Minister has approved Eni’s development plan for the Merakes gas field offshore East Kalimantan. Merakes, which holds estimated in-place resources of around 2 tcf, is in 1,500 m (4,921 ft) water depth in the East … Continue reading

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Petronas raises 2018 spending for upstream work

Wednesday, 21 Mar 2018 10:20 PM MYT KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) is increasing capital expenditure for upstream activities slightly in 2018 from last year, upstream chief executive Mohd Anuar Taib said on Wednesday. Petronas, like other oil majors, … Continue reading

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Petronas makes deepwater oil and gas discovery off Gabon

5-March-2018 Offshore staff KUALA LUMPUR, Malaysia – Petronas subsidiary PC Gabon Upstream S.A. (PCGUSA) has discovered oil and gas with the Boudji-1 well in block F14 (Likuale) offshore southern Gabon. The exploration, drilling in 2,800 m (9,186 ft) of water, encountered 90 m (295 ft) … 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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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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