Psc News

 

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…

PSC agreed offshore Comoros

Mar 20, 2014

The National Assembly of the Comoros, a sovereign archipelago island nation east of Mozambiue, Africa, has ratified a production sharing contract with Bahari Resources. The PSC, covering offshore blocks 35, 36, and 37 (previously named blocks A…

KrisEnergy acquires East Muriah data

Feb 12, 2014

KrisEnergy Ltd. announced the acquisition of 1300km 2D seismic data in the East Muriah production sharing contract (PSC) in the East Java Sea, Indonesia. The Nordic Bahari seismic vessel commenced the acquisition on 6 Feb 2014. East Muriah…

Malta extension approved

Jan 09, 2014

Exploration firm Mediterranean Oil & Gas Plc (MOG) has said the partnership behind the Area 4 production sharing contract offshore (PSC) Malta has been given a six month extension. The PSC covers Area 4, covering Blocks 4, 5, 6 and 7…

JX Nippon signs Malaysian PSC

Sep 20, 2013

JX Nippon Oil & Gas Exploration Corp. entered into a production sharing contract (PSC) for deepwater block 2F offshore Sarawak with Petroliam Nasional Berhad (Petronas) effective September 19. Deepwater block 2F is located in the northwest of Sarawak…

CNOOC, Smart Oil sign Bohai PSC

Sep 17, 2013

China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Smart Oil Investment Ltd. for Block 05/31 in Bohai.Block 05/31 is located in the junction of Qikou Sag and Nanpu Sag of the West of Bohai. It covers a total area of 270sq km with water depth ranging from 5-15m…

Rialto, Vitol sign Ivory Coast MOU

Sep 16, 2013

Rialto Energy (Cote d’Ivoire) Ltd signed a memorandum of understanding (MOU) with the Cote d’Ivoire Ministry of Oil & Energy, the state owned oil & gas company PETROCI, and Vitol E&P to replace the existing production sharing contract (PSC) for Block CI-202 with a new PSC on amended terms…

Santos gains 50% PSC interest

Aug 22, 2013

Santos announced the acquisition of a 50% interest in the Northwest Natuna Production Sharing Contract (PSC) in the South China Sea offshore Indonesia from AWE Ltd. The NW Natuna PSC contains the undeveloped Ande Ande Lumut oil field, which…

Shell, CNOOC sign third PSC

Aug 02, 2013

China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Shell China Exploration and Production for Block 35/10 in Yinggehai Basin, west of the Hainan Island, China, in the South China Sea. Block 35/10 covers a total area of 3…

Lundin swaps Indonesian blocks

Jul 30, 2013

Lundin Petroleum subsidiary, Lundin Sareba BV, and Indonesia's SKKMigas entered into a production sharing contract (PSC) for for 100% interest in the Cendrawasih VII (CVII), off northeastern Indonesia. The block is a subsitute for Lundin's…

CNR International signs PSC

Jul 25, 2013

CNR International signed a production sharing contract (PSC) for Block CI-12 off Cote d’Ivoire (Ivory Coast), with a 60% working interest. CNR International will operate the block, located west of the company’s Espoir and Baobab fields, in 250-300m water depths…

CNOOC strikes PSC with PetroBroad

Jul 08, 2013

China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea…

KrisEnergy spuds Indonesia prospect

Jun 03, 2013

KrisEnergy has spudded the Tayum-1 exploration well in the Kutai PSC, offshore East Kalimantan, Indonesia, its partner Salamander Energy (23.4%) announced on 3 June 2013. The Tayum well is being drilled using the Randolph Yost jackup…

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