New exploration permits issued for offshore AustraliaAustralia has awarded 12 new offshore exploration permits off Western Australia and Victoria, and expects to see $303 million in area investments in the next three years.
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Woodside lining up wells off South Korea, northwest AustraliaWoodside Energy plans to start drilling the Jujak-1 exploration well offshore South Korea before mid-year. |
BAM Clough sign Ichthys loading facility contracts
Clough Ltd. (ASX:CLO) says the BAM Clough joint venture has signed two contracts with JGC Corp., KBR, and Chiyoda Corp. to design and construct the Ichthys LNG module offloading facility and produc...
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ROC serves notice of New Zealand permit exitROC Oil (Taranaki) intends to withdraw from exploration block PEP52181 in the Taranaki basin off New Zealand, pending government approvals. |
NZOG makes offer on Kaheru permit offshore New ZealandNZ Oil and Gas will pay $35 million for AGL’s 15% stake in the Kaheru permit (PEP 52181) offshore Taranaki coast. |
BAM Clough to supply module offloading facility for Ichthys LNG projectThe JKC joint venture has awarded the BAM Clough joint venture a $A140 million ($151 million) letter of intent for work on the Ichthys LNG project. |
Total builds stakes in Makassar Strait permitsPTTEP has agreed to reduce its interest in three deepwater exploration blocks in the Makassar Strait offshore Indonesia. |
AWE agrees to sell part interest in Bass basin offshore AustraliaAWE Ltd. has agreed to sell interests in the Bass basin offshore Australia to Toyota Tsusho Gas E&P Trefoil Pty. Ltd. |
DOT marks 30 years of deepwater innovation
The Deep Offshore Technology International Conference & Exhibition celebrated its 30th anniversary this past October in New Orleans, and the speakers, panelists and exhibitors continued the tra...
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Exploration permit Vic/P41 offshore Australia gets five-year extensionBass Strait Oil Co. Ltd. has received a five-year extension to its exploration permit Vic/P41 offshore Australia. |
North AmericaHusky Energy has started production from a two-well pilot scheme on the West White Rose field offshore Newfoundland. |
Eni buys into Timor Sea Evans Shoal gas fieldEni says it has purchased 32.5% interest in the Evans Shoal gas field in the Timor Sea. |
South America
Gazprom and PDVSA are discussing a joint development of the Robalo gas field in the Gulf of Venezuela. The two companies have signed a memorandum of understanding which sets out conditions for the ...
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Santos reports Evans Shoal interest saleSantos reports it has agreed to sell its entire working interest in Evans Shoal offshore Australia for $350 million. |
OBL moves to study development options for Cyrano offshore Australia
Following successful re-award, of Retention Lease R3/R1 offshore Carnarvon basin Western Australia, Oil Basins Ltd. has outlined the results of a DU-EL Drilling Services Pty Ltd scoping study on de...
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Finder farms-out additional interest in Carnarvon basin offshore AustraliaFinder No. 4 Pty Ltd. has signed a farm-out agreement whereby Japan Australia LNG (MIMI) Pty Ltd. will earn 20% interest in permit WA-450-P offshore Western Australia in the Carnarvon basin. |
OBL looks for Cyrano field lease extension off AustraliaOil Basins Ltd. says it expected to be re-awarded Retention Lease R3 offshore Western Australia in the Carnarvon basin. |
South America
Tullow Oil has proven a new play off French Guiana with the Zaedyus oil discovery. The semisubmersible ENSCO 8503 drilled the well in 2,048 m (6,719 ft) water depth, 150 km (93 mi) northeast of Cay...
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Otto completes adding Galoc interestOtto Energy Ltd. Says it has completed a transaction with Vitol whereby Otto increases its stake in the Galoc oil field to a 33% direct working interest. |
Global Update
Asia will lead the way in fixed platform activity over the next five years, according to a new Global Perspectives report from Infield Systems.
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North America
Eight deepwater tracts are now available for exploration off Nova Scotia. The Canada – Nova Scotia Offshore Petroleum Board is inviting bids from companies that have experience drilling wells...
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Beibu Gulf project on track for 2012 start-upPreparations are continuing for the WZ 6-12 and WZ 12-8 West oil development in the Beibu Gulf, offshore China. |
Woodside oil projects on trackWoodside Petroleum has issued an update on its current development projects offshore Australasia. |
UPDATE: Australia lease sale scheduleA release circulated yesterday by the Australian Department of Resources, Energy, and Tourism regarding a call for acreage bids gave the wrong close date for the second round of bidding. |
Australia names tracts available in 2011 acreage releaseThe Australian government has published information on its 2011 Offshore Petroleum Exploration Acreage Release, and 29 areas across nine basins are represented. |
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