Stay Connected

Pearl gets Karana PSC

Offshore staff

SINGAPORE -- Pearl Energy Ltd. was awarded a production sharing contract for Karana offshore Indonesia. Pearl will hold 100% of the 5,390 km² (2,081 mi²) tract in the Makassar Straits between Kalimantan and Sulawesi islands.

"We are delighted to have been awarded as operator the Karana PSC, which lies to the north and east of PEARL's existing Sebuku block and enhances the company's exploration position within the Makassar Straits," said Chris Gibson-Robinson, PEARL's COO. "Indonesia is one of PEARL's core operational areas and this concession strengthens our portfolio and exploration potential."

01/22/2007

Related Articles

Jackup rig Prospector 1 arrives in Cromarty Firth

Nov 27, 2013

New jackup drilling rig Prospector 1 has arrived in the Cromarty Firth, after a two-month journey from its construction shipyard in Dalian, China.

Tap Oil provides drilling update on Malida-1 exploration well

Nov 26, 2013

Tap Oil Ltd. has provided an update on the Malida-1 exploration well in the G1/48 concession in the Gulf of Thailand located 5 km (3 mi) northeast of the Manora oil development.

Trending News

Manora production stalled as development continues

Sep 30, 2014

Tap Oil Ltd.’s planned batch drilling of the first three development wells on the Manora project is ahead of schedule.

UMW takes delivery of newbuild UMW Naga 6 jackup

Sep 30, 2014

UMW Oil & Gas Corp. took delivery of UMW NAGA 6, the first of its two jackup drilling rigs constructed by China Merchants Heavy Industries.

PSA grants Statoil permission to drill Saturn prospect in Barents Sea

Sep 30, 2014

The Petroleum Safety Authority Norway has granted Statoil permission for exploration drilling in the Barents Sea on the Saturn prospect.

UK production rebounds, future uncertain

Sep 30, 2014

Oil & Gas UK has called for measures to secure the UK’s long-term offshore future in its latest Economic Report.

Arctic support vessel to feature advanced oil spill detection

Sep 30, 2014

Aptomar will provide its SECurus oil spill detection and combat technology to a vessel operating off the Norwegian Svalbard archipelago in the Arctic Ocean.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>