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Offshore Drilling & Completion: Asia

Asian shipyards expanding to meet vessel demand for the next decade

Globally, the pace of deepwater drilling activity is expected to slow down slightly in the next 18 to 24 months, thanks to project delays and cost savings measures among operators. And while this has created a slight overcapacity of deepwater drilling rigs in the market, this does not mean that shipyards are stagnant. On the contrary, many yards in the Asia/Pacifc region are staying quite busy in anticipation of the upswing in exploratory drilling in late 2016 and beyond.

CNPC completes exploratory drilling in South China Sea

China National Petroleum Corp. has completed drilling and exploration off the Xisha Islands in the South China Sea.

UMW Offshore wins offshore drilling services contract

UMW Oil & Gas Corp. Bhd (UMWOG) reports that UMW Offshore Drilling Sdn Bhd (formerly known as UMW Standard Drilling Sdn Bhd), a wholly owned subsidiary of UMW Malaysian Ventures Sdn Bhd, which, in turn, is a wholly owned subsidiary of UMWOG, has been awarded a contract by PTTEP International Ltd for the provision of drilling rig services for Block M3 Appraisal Drilling Campaign 2014 within the Gulf of Mottama, Myanmar.

Solan set for offshore construction phase

Premier Oil says construction and onshore commissioning of the platform for its Solan oilfield development West of Shetland are nearing completion.

Welltec to work for Petronas offshore Malaysia

Petronas Carigali has contracted Welltec to provide well tractor and mechanical intervention services in Malaysia.

Bangladesh wins Bay of Bengal boundary arbitration

Boundary disputes in the Bay of Bengal may be getting settled.

ONGC reports on redevelopment plans, new discovery

ONGC plans to redevelop its offshore field Mumbai High (North), which will lead to an incremental gain of 7 MM metric tons (7.7 MM tons) of crude oil and 5.253 bcm (1.86 MMcf) of gas by 2030.

Nido Petroleum reports on Baragatan-1A well

Nido Petroleum Ltd, on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Ltd, advises that, on July 6, the Baragatan-1A well reached a depth of 2,681 m (8,796 ft) measured depth [2,328 m (7,638 ft) TVD subsea], having drilled through the primary Pagasa formation reservoir objective.

Salamander spuds North Kendang-2 exploration well

Salamander Energy has spudded the North Kendang-2 exploration well, a re-drill of the North Kendang-1 well in the South East Sangatta PSC in the North Kutei basin offshore Indonesia.

Fairmount Summit tows West Ariel rig to Singapore

The tug Fairmount Summit has towed the jackup rig West Ariel safely from Vung Tau, Vietnam, to Singapore. The towage over a distance of 1,305 mi (2,100 km) was performed in seven days.


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