Rakhine Basin News


Auz 2015 offshore lease sale announced

May 19, 2015

Australia has total of 29 offshore blocks across eight basins up for bid that the government is offering up to investors in its annual Offshore Petroleum Exploration Acreage Release. Map of the Browse basin…

Noble announces Falkland acreage

Apr 13, 2015

US-based Noble Energy acquired from Argos Resources a 75% interest and operatorship of 285,000 gross acres in the PL001 license in the North Falkland basin, northwest of the PL032 license that includes the Sea Lion oil discovery.   Edison International SpA obtained the remaining 25%…

Falklands success for Premier Oil

Apr 02, 2015

Premier Oil’s first exploration well in its 2.1 billion bbl 2015 Falkland’s drilling campaign has confirmed the extension of the giant Sea Lion discovery.  The 14/15b-5 Zebedee exploration well, using the Eirik Raude semisubmersible drilling rig…

Eni, Chevron, Reliance ink Myanmar contracts

Mar 31, 2015

Italian exploration and production major Eni is joining Chevron, Woodside, Ophir Energy and India's Reliance Industries, in gearing up for exploration activities offshore Myanmar after signing two production sharing contracts (PSCs). All the companies have been awarded PSCs off the country…

Woodside inks Myanmar PSCs

Mar 23, 2015

Australia's Woodside Energy has signed production sharing contracts (PSCs) for offshore blocks AD-2, AD-5, A-4 and A-7, offshore Myanmar, paving the way for the company to start exploration work in the basin. The Blocks were awarded to the company in the 2013 Myanmar Offshore Bid Round…

Premier starts 2015 Falklands campaign

Mar 06, 2015

Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies…

3D seismic shoot to start off Myanmar

Feb 13, 2015

Norway based geoscience firm Dolphin Geophysical has been awarded a contract for 3D data acquisition and processing of 10,000sq km. with Ophir Energy in Myanmar. The work will start in Q1 with a vessel already in the region planned to tow an industry first configuration…

Eirik Raude readies for Falklands campaign

Feb 02, 2015

The latest drilling campaign offshore the Falkland Islands is expected to start next month, partner Falkland Oil and Gas (FOGL) said this morning. Announcing that the rig for the campaign, Ocean Rig's Eirik Raude drilling rig has started mobilization from West Africa…

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…

ConocoPhillips comes up dry in Angola

Nov 04, 2014

ConocoPhillips is plugging and abandoning the Kamoxi-1 exploration well as a dry hole after drilling to a total depth of 22,660ft, offshore Angola. Kwanza basin activity. From Deloitte Petroview Kamoxi…

Rockall under new 2D spotlight

Sep 17, 2014

GeoPartners, in partnership with Seabird Exploration Multi-Client and DownUnder GeoSolutions, has announced a new multiclient 2D (MC2D) seismic project in the Frontier UK Rockall Basin offshore the north west coast of Scotland. The Rockall…

CNOOC opens 33 blocks off China

Sep 11, 2014

State-run China National Offshore Oil Corp. (CNOOC) issued an exploration tender inviting foreign oil companies to bid for 33 oil and gas blocks. The gas blocks cover an area of 126,108sq km off east and southern China. CNOOC says…

Santos discovers gas-condensate in Browse basin

Aug 22, 2014

Santos announced the discovery of gas-condensate at the Lasseter-1 exploration well in WA-274-P, located in the Browse basin, offshore Western Australia. The Lasseter-1 well is located approximately 35km east-southeast of Santos’ Crown…

Southeast Asia's next frontier

Jul 07, 2014

Dockwise floatover installed the Shwe development topsides using COOEC's HSY229 installation launch barge. First production was in January this year. Photo from Dockwise. Myanmar has been producing hydrocarbons longer than many…

Irish Atlantic Round launched

Jun 20, 2014

Ireland’s Government has launched the 2015 Atlantic Margin Oil and Gas Exploration Licensing Round and a new offshore oil and gas production taxation regime, including an increase in the top tax rate.  The new round, which will close September 2015…

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