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Asia Deepwater Oil Drilling News

Petronas to invest in PFLNG 2 project offshore Malaysia

Petronas has reached a final investment decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia.

Eni gives FMC Technologies order for subsea systems offshore Indonesia

FMC Technologies Inc. has received an order from eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia.

Liwan nears start-up offshore China

Husky Energy says the CNOOC-operated Liwan gas project in the South China Sea is nearing production, with commissioning of the shallow water platform and gas plant under way.

India’s NELP-10 blocks defined

Round 10 of India’s New Exploration Licensing Policy (NELP-10) is expected to offer 46 total blocks of which 29 are offshore.

SKK Migas: 13 oil and gas projects scheduled to begin in 2014

In Indonesia, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) reports that 13 oil and gas projects are planned to produce in 2014.

Petronas, Brunei ink offshore development pacts

Petronas has signed numerous agreements with the Brunei petroleum authorities designed to further cooperation in the oil and gas sector.

Petrofac pursues subsea growth in Southeast Asia

Petrofac’s newly extended KW Subsea business plans to target deepwater opportunities in the Asia/Pacific region.

Geotechnical vessel targets Asia/Pacific deepwater needs

Fugro’s offshore geotechnical division has taken delivery of the purpose-built DP-2 vessel Fugro Voyager.

Liwan gas field nears first production offshore China

Husky Energy says the CNOOC-operated Liwan gas development offshore China is nearly complete, with first production expected in the coming months.

India approves acquisitions offshore deepwater Mozambique

ONGC Videsh and Oil India have received governmental approval to acquire a total of 20% interest in gas production offshore Mozambique.

JX Nippon to explore deepwater tract offshore Sarawak

JX Nippon Oil & Gas has teamed with Petronas on a deepwater production-sharing contract offshore Malaysia.

Europe leads new pipeline investments

Global investment in offshore pipelines will grow by nearly 60% during 2013-17, according to a report by Infield.

Sri Lanka offers six ultra deepwater blocks

The Sri Lanka Petroleum Resources Development Committee has made available six ultra-deepwater blocks of between approximately 18,000 and 26,000 sq km (6,950 and 10,039 sq mi) each around the country's coastline on a Joint Study basis.

Africa leads demand for offshore ultra-deepwater drilling rigs

Seadrill sees strong demand for ultra-deepwater floating drilling rigs (up to 7,500 ft, or 2,286 m) from Africa over the next few years.

Anadarko sells deepwater Mozambique interest to ONGC

Anadarko Petroleum Corp. (NYSE:APC) has agreed to sell a 10% interest in Mozambique Offshore Area 1 to OGNC Videsh Ltd. for $2.64 billion in cash.

RIL, BP make deepwater Cauvery basin discovery

Reliance Industries (OTN:RLNIY) and BP (NYSE:BP) have another deepwater gas condensate discovery offshore India’s eastern coast in Cauvery basin.

ConocoPhillips updates offshore Malaysia, North Sea field developments

ConocoPhillips says the Gumusut field floating production system is on station offshore Malaysia, with hook up and commissioning in progress.

ONGC, Reliance investigate cooperation offshore eastern India

ONGC and Reliance Industries have signed a memorandum of understanding (MoU) that could lead to sharing of the latter’s east coast oil and gas-related infrastructure.

CNOOC, BP to explore in deepwater Pearl River Mouth basin

CNOOC (NYSE:CEO) has signed a production-sharing contract with BP for the deepwater block 54/11 in the Pearl River Mouth basin of the South China Sea.

Gumusut-Kakap platform on-site offshore Sabah

MISC and Malaysian fabricator MMHE have delivered a semisubmersible floating production system for Sabah Shell Petroleum’s deepwater Gumusut-Kakap field development offshore Sabah.

Kongsberg to supply three deepwater drilling rigs with equipment

CIMC Yantai Raffles in China and STX Offshore & Shipbuilding in Korea both have ordered DP, automation, safety systems, navigation, hydroacoustic positioning, and riser management equipment for new drilling rigs from Kongsberg Maritime (OSE:KOG).

Niko deepwater Indonesia well non-commercial

Niko Resources Ltd. (TSX:NKO) has found non-commercial gas at the Pananda 1 exploration well drilled in the North Makassar block, offshore Kalimantan in the deepwater Makassar Strait, Indonesia.

No let-up seen in demand for newer ultra-deepwater rigs

Seadrill expects to take delivery this year of nine newbuild rigs, comprising two ultra-deepwater drillships, five high-spec jackups, one tender rig, and one harsh environment jackup.

RIL, BP, NIKO report deepwater gas condensate discovery offshore India

Reliance Industries Ltd. (RIL) and its partners BP and NIKO have made a gas and condensate discovery in the KG D6 block offshore eastern India.

Supply and demand in the Asia/Pacific region try to reach equilibrium

With growing energy demands in China and India, and huge LNG export projects under way off Australia, the Asia/Pacific region is a tale of two complementary ends of oil and gas exploration and development continuum.

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