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Regional Reports

Africa

Chariot seeks exploration extension for blocks offshore Morocco

Morocco’s Office National des Hydrocarbures et des Mines and Chariot Oil & Gas Investments (Morocco) (AIM:CHAR) have agreed on a six-month exte...

Lukoil takes charge of deepwater block offshore Côte d’Ivoire

LUKOIL Overseas has taken a 65% operated stake in block CI-504 offshore Republic of Côte d’Ivoire.

DNO takes charge of shallow-water concessions offshore Tunisia

DNO Tunisia AS has agreed to take a controlling interest in two permits offshore Tunisia.

Asia

MP East Asia farms into offshore Myanmar block

MP East Asia has signed a farm-out with Petrovietnam Exploration Production Corp. Ltd. covering block M2, Mottana Offshore Area, Myanmar.

Tayum-1 targets gas offshore Indonesia

The jackup Randolph Yost has spudded the Tayum-1 exploration well in the Kutai production-sharing concession offshore East Kalimantan, 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.

Rosneft, PetroVietnam partnership to extend upstream link

Rosneft has signed a memorandum of understanding with PetroVietnam to strengthen cooperation between the two oil and gas companies.

Reliance postpones well offshore eastern India

Reliance Industries has put back exploration drilling on the D3 block offshore eastern India to early 2014.

Australia & New Zealand

INPEX builds offshore acreage position in Ichthys area

INPEX Browse has won a new permit offshore Western Australia under the Australian Offshore Petroleum Acreage Release 2012 awards.

Australia opens offshore acreage bidding

Australia’s Minister for Resources and Energy Gary Gray has opened the 2013 Offshore Petroleum Exploration Acreage Release bid round.

MEO working on new play in offshore Australia license

MEO Australia (ASX: MEO; OTCQX: MEOAY) has been awarded a new exploration permit, WA-488-P, in the Bonaparte basin offshore Australia.

NZOG moves into offshore Canterbury basin permit

New Zealand Oil & Gas (NZOG) has agreed to take a 50% interest from Beach Petroleum in the Clipper concession.

Statoil farms into BP deepwater acreage offshore South Australia

Statoil has agreed to farm into a 30% share of four exploration licenses held by BP offshore Australia.

Canada

Husky gets go-ahead on White Rose development plan

Husky Energy (TSX:HSE) has received regulatory approval on an amended South White Rose field development plan, the third satellite extension at the White Rose field in the Atlantic Region.

Study revives exploration interest offshore Nova Scotia

Beicip-Franlab has used basin modeling technologies developed by IFP Energies nouvelles (IFPEN) to reassess Nova Scotia’s offshore hydrocarbon potential.

North Sea Stella enters drilling, subsea installation phase

Ithaca Energy (TSX: IAE, LSE AIM: IAE) is moving forward on its Greater Stella Area project in the UK central North Sea.

Enegi steps up evaluation of offshore Newfoundland prospect

Enegi Oil (AIM:ENEG) has provided an update on its work on the St. George’s Bay prospect within the EL1116 permit offshore Newfoundland.

BP gains deepwater blocks offshore eastern Canada

BP has been successful in its bid for four deepwater exploration blocks offshore Nova Scotia.

Latin America

RWE joins Petronas in block offshore Suriname

RWE Dea has agreed to farm into 40% of the block 52 license offshore Suriname held by operator Petronas Suriname E&P.

Chariot assigned four licenses offshore Brazil

Chariot Oil & Gas Limited (AIM: CHAR) has been awarded 100% interests in four exploration licenses offshore Brazil.

Peru makes available more offshore blocks

Perupetro has outlined the terms and schedule for Peru’s international bid round, covering nine blocks in five offshore basins.

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.

Second offshore south Falkland 3D seismic survey under way

PGS has started processing data from a recent 3D seismic survey over various licenses south of the Falkland Islands for Falkland Oil and Gas Ltd (FOGL) and its partners.

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Middle East

RWE Dea to drill Turkmen shallow-water prospect

RWE Dea is preparing to spud its first Caspian Sea exploration well in block 23 offshore Turkmenistan.

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.

Circle plans nearshore Oman infill seismic shoot

Circle Oil has invited tenders for an infill 2D seismic survey over the nearshore area of Sawqirah Bay in block 52 offshore Oman.

Lebanon set for formal launch of offshore licensing round

The Lebanese Ministry of Energy and Water and the Petroleum Administration will have the formal launch of the country’s first-ever offshore leasing round on April 30.

Dana Gas wins deepwater block offshore Egypt

Dana Gas expects award of a 100% interest in an offshore Nile Delta license under the Egyptian Natural Gas Holding Co. 2012 international bid round.

North Sea & Europe

Ithaca agrees to UK farm-outs with Shell, Edison

Ithaca Energy has negotiated farm-outs involving three of its UK offshore licenses.

More offshore Norway license wins for European trio

More companies have issued details of awards under Norway’s 22nd licensing round, which offered blocks in the Barents and Norwegian Seas.

UK operators nearing offshore safety targets

Oil & Gas UK has issued its latest annual Health & Safety report for the UK offshore sector.

Faroe joins operator Eni on new Barents Sea license

Faroe Petroleum (AIM:FPM) has won license PL716 in the Barents Sea as a result of the 22nd Norwegian License Round.

Bidders outline offshore Norway license details

The Norwegian Petroleum and Energy Ministry has accepted 24 licenses under the country’s 22nd licensing round.

Russia

Rosneft, INPEX join to explore offshore northern Russia

Rosneft and INPEX have agreed to jointly explore offshore blocks Magadan-2 and Magadan-3 in the northern part of the Sea of Okhotsk offshore northern Russia.

Rosneft, PetroVietnam partnership to extend upstream link

Rosneft has signed a memorandum of understanding with PetroVietnam to strengthen cooperation between the two oil and gas companies.

Russia seeking to intensify Sakhalin E&P

Gazprom’s management committee has discussed ways to speed up and expand the scope of exploration and field development in the Sakhalin region offshore eastern Russia.

Itera aims to bring Rosneft into offshore Caspian gas block

Itera Oil and Gas says Zarubezhneft will not participate in the block 21 development in the Turkmen sector of the Caspian Sea.

ExxonMobil sells interests in 20 deepwater GoM tracts to Neftegaz

ExxonMobil has sold a 30% interest in 20 deepwater Gulf of Mexico exploration blocks to Neftegaz America Shelf LP.

US & Gulf of Mexico

Big discoveries drive Lower Tertiary exploration and development rush

Significant technological and financial challenges to development notwithstanding, the past several months have witnessed a flurry of activity in the Gulf of Mexico's Paleogene play, also known as ...

GLOBAL DATA

This month, Infield Systems examines the expected reserve additions offshore US Gulf of Mexico going forward to 2017.

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.

North Sea Stella enters drilling, subsea installation phase

Ithaca Energy (TSX: IAE, LSE AIM: IAE) is moving forward on its Greater Stella Area project in the UK central North Sea.

Gulf of Mexico E&P activity maintains momentum

Oil and gas development in the Gulf of Mexico continues to rebound after the nadir of 2010, and activities are ramping up in all phases – leasing, exploration, drilling, field development and ...