Offshore Magazine

Japex to relinquish Tañon Strait block

Social Tools

Share

Offshore staff

TOYKO -- Japex Philippines Ltd. will relinquish SC 46 block in Tañon Strait, offshore the islands of Negros and Cebu in the Philippines at the expiration of its exploration period on June 20, 2008.

Japex is surrendering the block due to the lack of commercial oil and gas discovery despite exploration work including drilling of one exploration well.

The SC 46 block is 2,580 sq km (996 sq mi) and participating interest include operator Japex with 65% and Kufpec Philippines (SC-46) Ltd. with 35%.

05/15/2008

Most Recent Content

Venari Resources receives $1-billion investment from private equity firms

Venari Resources LLC has announced that Warburg Pincus, Kelso & Co., Temasek, and The Jordan Co. have agreed to make an investment of up to $1.125 billion in the company.

Sterling prepares Romanian offshore drilling line-up

Sterling Resources expects to drill its first exploratory wells later this year in the Black Sea offshore Romania.

Partners agree timing for Norway well

Rocksource and the PL 506S, BS, and CS partnership in the Norwegian North Sea have committed to drill an exploration well during the first half of 2013.

Technical issues halt North Sea Timon drilling

Awilco Drilling has suspended drilling operations on the Timon exploration well in the UK northern North Sea.

Plant modifications slow progress on UK Breagh gas project

RWE Dea’s Breagh gas development in the UK southern North Sea will likely incur cost and schedule overruns, according to partner Sterling Resources.

Offshore Magazine