Husky Energy signs gas agreement for Madura BD
Husky Energy Inc. subsidiary Husky Oil (Madura) Ltd. has signed a heads of agreement (HoA) with three companies for gas sales from the Madura BD field offshore Indonesia.
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Submerged buoy contracted for MA-D6 offshore India
BW Offshore subsidiary Advanced Production & Loading has agreed with Aker Floating Production to install the APL submerged turret production buoy and related equipment at MA-D6 field offshore India in 1Q 2008.
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SK to produce block BMC-8 offshore Brazil
SK Energy Co. says plans are in place to begin oil production at 20,000-36,000 b/d from block BMC-8 offshore Brazil.
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CNOOC brings WZ 11-1 online
Ltd. has brought the Wei Zhou (WZ) 11-1 in the Western South China Sea onstream. The field's single well is producing over 2,100 b/d of oil. WZ 11-1 is expected to see 7,200 b/d at peak production.
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Petsec to develop Beibu Gulf project
Petsec Energy Ltd. and partner Roc Oil Ltd. are moving ahead with front end engineering and design (FEED) studies and an overall development plan for the 6-12/ 6-12 South oil fields in block 22/12 in Beibu Gulf for submission to Chinese authorities.
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Aban extends Endeavor contract
Prosafe has received a Letter of Intent from Aban Offshore Ltd. to extend the contract of FSO Endeavor at the PY-3 field off India for $24.7 million.
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Oyong production delayed
Singapore Petroleum Co. Ltd. says production has been delayed on the Oyong field.
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Total contracts BJ for well services offshore Brunei
Total E&P Borneo B.V. has contracted BJ Tubular Services to provide a range of well services in Brunei Darussalam.
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CNOOC begins production from WZ11-1
CNOOC Ltd. has begun oil production from the Wei Zhou (WZ) 11-1 field, a marginal independent field in the western South China Sea.
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FPSO headed for India
Aker Floating Production ASA has signed a Letter of Intent to provide and operate the FPSO Aker Smart 1 off India. The five- to 10-year charter is scheduled to start in February 2008 with the unnamed client.
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SembCorp sees strong rig building fundamentals
SembCorp Marine Ltd. says rig building fundamentals remain strong with demand moving toward deepwater exploration.
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IMA releases floating production forecast
International Maritime Associates Inc. says orders will be placed for 119-149 floating production systems over the next five years. IMA says there are 197 floating production systems in operation worldwide with another 62 systems on order. Significantly, there are more than 100 projects in the planning stage that could employ a floating production system.
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Statoil sees disconnectable FPSO as viable solution in the Gulf of Mexico
Statoil believes the disconnectable FPSO is a feasible development solution in the hurricane-prone Gulf of Mexico.
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Malaysia names first deepwater FPSO
Malaysia Marine and Heavy Engineering (MMHE) Sdn. Bhd., a subsidiary of MISC Bhd., completed construction of its first deepwater FPSO at its yard in Pasir Gudang, Johor.
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Pertamina commits $1 billion to oil, gas production
Indonesia's state-owned PT Pertamina plans to invest $1 billion to increase oil production by 53% to 70,640 b/d and gas output by 70% to 792 MMcf/d by the end of 2009.
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Reliance pushes offshore India gas development
Reliance Industries plans to spend $5.2 billion to develop gas fields offshore India's southeast coast, according to P.M.S. Prasad, Reliance president for oil and gas. Contracts for $4.5 billion already have been signed, he says.
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Pertamina eyes 10% of three gas fields
Indonesia's state-owned oil company PT Pertamina is interested in taking at least 10% stake in the development of three gas fields in two deepwater blocks offshore East Kalimantan.
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ExxonMobil accelerates Jerneh B development
ExxonMobil Exploration and Production Malaysia Inc. has awarded a $14.8-million contact for the Jerneh B Gas production platform to Sarawak-based Brooke Dockyard & Engineering Works Corp.
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Indonesia plans to offer 40 blocks
The Indonesian government is planning to offer 40 additional blocks this year through tender calls or on directly negotiated offers. The move is designed to raise the rapid decline in domestic crude oil production, which last year fell to 1.01 million b/d, below the government's 1.05 million b/d target.
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PTTEP plans M9 gas imports to Thailand
PTT Exploration and Production Public Co. Ltd. plans to import recently discovered natural gas from the M9 block in the Gulf of Martaban for the Thai market by 2011-2012.
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Murphy Oil signs two natural gas sales agreements in Malaysia
Two Murphy Oil Corp. subsidiaries have signed gas sales agreements (GSAs) in Malaysia. One will supply the existing Petronas Bintulu LNG facility, and the other will supply a Petronas-owned methanol plant onshore Labuan Island.
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SK Corp. picks up Vietnam acreage
South Korean energy group SK Corp. has acquired 25% interest in Vietnam's 15-1/05 offshore exploration block under a production-sharing contract with PetroVietnam and PetroVietnam Exploration and Production Co.
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Pearl Energy announces first production from Jasmine B
Pearl Energy Ltd. has begun production from the Jasmine B platform in block B 5/27 in the Gulf of Thailand.
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FRO develops FPSO activity
Frontline Ltd. is in the process of establishing a separate entity to develop the company's floating production activity. The company is discussing the sale of all its floating production activities including the FPSO Front Puffin, under conversion at Keppel Shipyard in Singapore, and its floating production management organization to Sea Production Ltd.
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ROC-led JV moves toward Beibu Gulf development
A consortium of Australian companies led by Roc Oil Co. Ltd. has moved toward development of its oil discoveries offshore China.
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