Rakhine Basin News


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…

2015 Falklands drilling inked

Jun 04, 2014

Oil and gas exploration efforts around the Falkland Islands are set to ramp up next year after rig contracts were agreed. Ocean Rig's deepwater, harsh environment semisubmersible drilling rig Eirik Raude (pictured) has been signed up…

CGG starts 3D Brazil survey

May 15, 2014

CGG has started acquiring a large BroadSeisT 3D multi-client survey program in the deep and ultra-deep waters of the Espirito Santo Basin, offshore Brazil. The project has received high prefunding from major industry players. The Espirito Santo Phase III survey will cover more than 9500sq km…

New Zealand announces 2014 block offer

Apr 03, 2014

New Zealand's Minister of Energy and Resources Simon Bridges announced the country's third block offering. Up for grabs is a total of 405,000sq km, including both on and offshore acreage. Offshore release areas include the Reinga-Northland Basin…

Petrobras pre-salt output rises

Feb 25, 2014

On 20 Feb, oil production in fields operated by Petrobras in the Santos and Campos Basin pre-salt accumulations rose to 407,000bpd, a record daily output. It has taken eight years to achieve this level of output since initial discovery in 2006…

EMGS inks Apache contract

Jan 29, 2014

Norway's Electromagnetic Geoservices (EMGS) has been awarded a US$5 million contract to acquire 3D EM data in the Asia-Pacific region. The contract, with US oil firm Apache, will see the the BOA Thalassa (pictured)start operations in northwest Australia on 25January…

Few bidders offshore Myanmar

Jan 16, 2014

Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round. The licensing round offers 30 offshore areas, including 19 deepwater blocks. These blocks are predominantly in the Rakhine Offshore Area (12 blocks)…

Petrobras sees pre-salt reserves increase

Jan 15, 2014

Petrobras' proven pre-salt reserves are up 43% in 2013. Since 2007, the company has been adding increasing amounts to its proven reserves coming from the pre-salt layer, which extends from the south of the state of Espírito Santo to the state of Santa Catarina…

New Zealand heats up

Jan 07, 2014

New Zealand’s offshore exploration prospects have risen after a renewed interest in the region. Today, Shell New Zealand, and its partners OMV New Zealand and Mitsui E&P Australia, announced plans to drill an exploration well in Production Exploration Permit (PEP) 50119…

Irish multiclient seismic completes

Nov 14, 2013

Petroleum Geo-Services (PGS) says it has completed the first full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer seismic.   The program consisted about 3000 line km of seismic and towed streamer EM data, acquired over a four week period this summer…

Statoil in third discovery off Canada

Sep 26, 2013

Statoil ASA discovered between 300-600MMbo recoverable in its first Bay du Nord exploration well, located 500km (310 mi.) northeast of St. John’s, Newfoundland. 'It is exciting that Statoil is opening a new basin offshore Newfoundland…

Woodside's Irish debut approved

Sep 20, 2013

Austalia's Woodside has been given the official go-ahead to start exploration acitivies in Ireland's offshore Porcupine basin. Its joint venture partner Petrel Resources said Ireland's minister of state at the Department of Communications…

Pipelines off Myanmar carry Shwe gas, imported oil

Sep 01, 2013

The Myanmar-China natural gas pipeline is now delivering hydrocarbons produced from the Bay of Bengal, offshore Myanmar, to China. The soon-to-be complete, parallel oil pipeline will transport Middle East and African oil. The pipeline projects have five investors from four countries: China…

Basins bounty sought

Feb 01, 2013

As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…

Integrating exploration tools

Aug 02, 2011

Integrating several imaging and modeling technologies can reduce exploration risk. Ian Bryant (Schlumberger) and Paul Xu (formerly of Ipex) present an integrated basin and petroleum system study that predicted many oil and gas accumulations in a relatively unexplored region offshore Brazil…

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