Psc News

 

SKE gains Malaysia field approval

Nov 04, 2015

SapuraKencana Energy (SKE) secured the approval from Petronas for the field development plan (FDP) for the SK310 B15 gas field development project, offshore East Malaysia.   The B15 field, which was discovered in December 2010, is located…

Tower Resources signs Thali PSC

Sep 16, 2015

Africa-focused Tower Resources announced the signing of the shallow water Thali (formerly known as Dissoni) production sharing contract (PSC), offshore Cameroon. The PSC signing ceremony took place on 15 September 2015 at the offices of Société Nationale des Hydrocarbures (SNH) in Yaoundé…

Tower grabs offshore Cameroon acreage

Sep 16, 2015

Africa-focused explorer Tower Resources says the down turn will offer it an opportunity to leverage lower seismic acquisition and drilling costs after is signed the shallow water Thali Production Sharing Contract (PSC), offshore Cameroon…

Mitra sizes up Vietnamese prospects

Jun 30, 2015

Mitra Energy has completed the acquisition of 533sq km of full-fold 3D seismic data in the Block 127 Production Sharing Contract area, offshore Vietnam.   The survey was undertaken by PTSC CGGV Geophysical Survey Co. using the 3D seismic survey vessel Amadeus…

South Block A PSC receives extension

May 18, 2015

Renco Elang Energy's (REE) South Block A production sharing contract (PSC) in north Sumatra, Indonesia was granted at 19-month exploration extension from the Indonesian Ministry of Energy and Mineral Resources.  According to Peak Oil & Gas…

AziPac acquires Indonesian stake

May 11, 2015

Asia Pacific focused AziPac acquired 50% interest in the North Madura production sharing contract (PSC) located offshore Java Sea, Indonesia. AziPac, through its subsidiary Azipac North Madura, acquired 25% interest from Mitra Energy…

ExxonMobil inks Equatorial Guinea PSC

Apr 02, 2015

ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…

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…

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 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…

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…

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