Psc News

 

Exxon, Qatar Petroleum ink Cyprus PSC

Apr 05, 2017

US supermajor ExxonMobil and Qatar Petroleum signed an exploration and production sharing contract with the government of the Republic of Cyprus for Block 10. Block 10 PSC signing. Image from Qatar Petroleum…

CNOOC enters AGC Profond off West Africa

Mar 29, 2017

Africa-focused Impact Oil and Gas farmed out 65% participating interest in a production sharing contract (PSC) and associated joint operating agreement in the AGC Profond block in the offshore joint development zone between Senegal and Guinea-Bissau to CNOOC UK…

Hibiscus to acquire 4 Shell Malaysia fields, operatorship

Oct 13, 2016

SEA Hibiscus has signed a US$25 million deal with Shell to acquire operatorship and 50% stake in four fields in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (PSC), offshore Sabah, Malaysia. Malaysia operations…

Hyperdynamics inks Guinea PSC extension

Sep 15, 2016

Houston independent Hyperdynamics Corp.’s wholly owned subsidiary, SCS Corp. (SCS), and the government of the Republic of Guinea have entered into a one-year extension for a production sharing contract (PSC) offshore Guinea. The deal marks a second amendment to the 2006 PSC…

Thailand's PTTEP wins first Malaysian operatorship

Jul 22, 2016

Malaysian state oil firm Petronas has awarded its first production sharing contract (PSC) for 2016, and given Thailand's PTTEP its first operatorship in Malaysia. The PSC was awarded to PTTEP HK Offshore, Kufpec Malaysia, and Petronas Carigali for the exploration Block SK410B…

Sterling withdraws from Mauritania block

Mar 16, 2016

Sterling Energy is to withdraw from the Block C-3 joint venture, offshore Mauritania. The move will see Tullow Oil take over Sterling's 40.5% share in the production sharing contract (PSC) for Block C-3. Upon completion, the holders of the PSC will be: Tullow (Operator) 90%…

Black Platinum to drill off Indonesia

Feb 26, 2016

Private equity funded Black Platinum Energy will move ahead with its plans for appraisal and development activities to prove up its shallow gas plays in East Natuna, offshore Indonesia, despite current industry conditions. Plans include drilling one exploration well…

Woodside snaps up West Africa acreage

Feb 18, 2016

Australia's Woodside Energy has agreed to acquire 65% interest in a joint development area off Senegal and Guinea-Bissau. The deal, with UK minnow Impact Oil & Gas, covers the production sharing contract (PSC) and associated joint operating agreement on the AGC Profond block…

Lundin, DYAS sign Malaysia farm-out

Feb 01, 2016

Lundin Malaysia signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS for part of its working interests across three production sharing contracts (PSC) in Malaysia. The FOA covers Blocks PM328, SB307/308 and…

Sterling quits Mauritania PSC

Jan 29, 2016

Sterling Energy's subsidiary Sterling Energy Mauritania Ltd. (SEML) has submitted a notice of withdrawal to its joint venture partners in Block C-3, offshore Mauritania. As part of the withdrawal, SEML will assign its entire 40.5% participating…

Exxon, GEPetrol in Equatorial Guinea PSC

Jan 21, 2016

Equatorial Guineas’ Ministry of Mines, Industry and Energy, on behalf of the government of Equatorial Guinea signed a production sharing contract (PSC) with ExxonMobil E&P Equatorial Guinea (Offshore) and GEPetrol for Block EG-06, offshore Bioko Island…

KrisEnergy completes Mustika-1 off Thailand

Dec 14, 2015

KrisEnergy, an independent upstream oil and gas company, announces that it has completed drilling of the Mustika-1 exploration well in the Sakti production sharing contract (PSC) in the East Java Sea.   Image from KrisEnergy…

KrisEnergy spuds Mustika-1

Dec 07, 2015

KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC). Image from KrisEnergy. Mustika-1…

CNOOC, Husky in South China Sea PSC

Dec 03, 2015

China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…

Sterling acquires Mauritania interest

Nov 30, 2015

Image: map of Mauritania block C-10/Sterling Energy Sterling Energy has announced that completion has now occurred under the sale and purchase agreement between its wholly owned subsidiary…

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