Gurita Psc News

 

Indonesian green light for KrisEnergy

Dec 29, 2014

Indonesian authorities have approved a plan of development (POD) for the Lengo gas field in the Bulu production sharing contract (PSC) offshore East Java. Approval of the POD paves the way for the operator, KrisEnergy, to pursue formal…

Ophir signs Myanmar PSC

Dec 05, 2014

Ophir Energy signed a production sharing contract (PSC) with the Myanmar Ministry of Energy to finalize the award of Block AD-03, offshore Myanmar. Upon the terms of the agreement, Ophir will be the operator with a 95% interest in the 10…

Ophir signs PSC for Equatorial Guinea block

Nov 04, 2014

Ophir Energy signed an amendment to the Block R production-sharing contract (PSC) that establishes gas fiscal terms within the PSC and a fiscal framework for the Fortuna floating liquefied natural gas (FLNG) project. The amendment has…

Lundin plugs dry Gobi-1 well

Oct 27, 2014

Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…

Lundin begins Kitabu off Malaysia

Oct 27, 2014

Lundin Petroleum AB spudded the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia. The West Prospero. From Seadrill.   The Kitabu prospect is a stratigraphic trap…

Eni increases Vietnamese acreage

Oct 14, 2014

Italian explorer Eni picked up two new exploration assets offshore Vietnam from state-owned oil company PetroVietnam, the company announced on 13 October 2014. Eni’s CEO Claudio Descalzi (pictured) and PetroVietnam president DO Van Hau…

Gobi-1 spudded off Indonesia

Oct 13, 2014

Lundin Petroleum began drilling at the Gobi-1 wildcat exploration well in the Gurita production sharing contract (PSC) offshore Indonesia. Map of Gurita PSC. From Nido.   Gobi-1 is located in the West Natuna basin in the Natuna Sea…

Lundin acquires interest off Malaysia

Sep 25, 2014

Norway’s Lundin Petroleum will acquire operatorship and 50% interest from Petronas Carigali in PM328, offshore Malaysia. The agreement is effective on 31 August 2014. In the first 18 months of the three-year production sharing contract (PSC)…

Lundin to spud Indonesian well

Sep 23, 2014

Lundin Gurita BV is expected to spud the Gobi-1 well offshore Indonesia by mid-October, announced joint venture partner, Nido Petroleum Ltd. The rig the company expects to use for the well, located in West Natuna basin, will be available by early October…

KrisEnergy kicks off seismic programs off Indonesia

Sep 08, 2014

KrisEnergy Ltd. reported that the S.V. Nordic Bahari vessel began a 2D seismic survey in the Sakti production sharing contract (PSC) offshore East Java, Indonesia. The acquisition program, which will acquire 1200km of data, was awarded to PT…

Eni enters PSC with PetroVietnam

Jun 26, 2014

Eni has entered into a production sharing contract (PSC) with state-owned PetroVietnam for the exploration of Block 122, off eastern Vietnam. The Italian firm’s CEO, Claudio Descalzi, met with PetroVietnam President and CEO, Do Van Hau, in…

CNOOC signs PSC with Eni

Jun 20, 2014

China National Offshore Oil Corporation (CNOOC) announced today that it has signed a production sharing contract (PSC) with Eni for Block 50/34 in the South China Sea. Block 50/34 encompasses an area of 2000sq km in the Qiongdongnan Basin of offshore Hainan Island…

EnQuest buying Asian assets

Jun 16, 2014

UK-based operator EnQuest has agreed to acquire ExxonMobil Exploration and Production Malaysia’s interest in the Seligi oil field and the PM8 PSC, offshore Malaysia, subject to approval by Petronas and conditions. The acquisition will…

AziPac buys into offshore Indonesia block

Jun 09, 2014

Mitra Energy Ltd. entered into a farm-out agreement with AziPac for the partial assignment of Mitra's participating interest in the Bone PSC offshore Indonesia, the company announced on 9 June 2014. Under the terms of the agreement, Mitra…

Roc Oil farms in to Malaysian PSC

Apr 01, 2014

Roc Oil Ltd. has farmed in to a production sharing contract (PSC) in three fields about 50m off Malaysia. The D35, D21 and J4 fields are 100% owned and operated by Malaysia’s Petronas Carigali, with Roc Oil holding 50% participating interest…

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