Tag Archives: psc

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

Posted in E&P, Exploration, Indonesia, Upstream | Tagged , , | Leave a comment

Sapura E&P keeping a low profile for high rewards

Date: 8.05.2017. Publication Source: Upstream Online Sapura Exploration & Production is the quiet achiever of the Malaysian upstream sector, staying out of the spotlight while it progresses its plan to become a major gas producer. The company’s low-profile approach is … Continue reading

Posted in E&P, EPC, Exploration, Malaysia, Upstream | Tagged , , , , , | Leave a comment

Mubadala Petroleum signs production sharing contract for Indonesian gas field

The pact has the potential to unlock a new gas play for domestic consumption The National April 9, 2018 Updated: April 10, 2018 02:56 PM Mubadala Petroleum, a subsidiary of the Abu Dhabi strategic investment firm Mubadala Investment Company, has … Continue reading

Posted in E&P, Exploration, Indonesia, Upstream | Tagged , , , | Leave a comment

Eni approves development plan for Merakes discovery, offshore Indonesia

4/18/2018 MILAN — Eni announces the approval of a development plan for the Merakes field, offshore East Kalimantan, Indonesia. The energy minister granted approval just three months after the submission of the plan and less than 11 months after Eni … Continue reading

Posted in E&P, Indonesia, Production, Upstream | Tagged , , , , , | Leave a comment

Partners to develop SK408 gas fields offshore Sarawak

04/12/2018 Offshore staff KUALA LUMPUR, Malaysia – Sapura E&P and its partners Petronas Carigali Sdn Bhd and Sarawak Shell Berhad have taken the final investment decision to develop the Gorek, Larak, and Bakong fields as Phase 1 in the SK408 production-sharing … Continue reading

Posted in E&P, Malaysia, Upstream | Tagged , , , , , , , , | Leave a comment

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

Posted in E&P, Exploration, Indonesia, Production, Upstream | Tagged , , | Leave a comment

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

Posted in E&P, Malaysia, Production, Upstream | Tagged , , , | Leave a comment