News
July 23, 2024
The well was tested to produce over 6,290 boed, the first well of such productivity in Wushi Sag. The discovery is expected to become a medium-sized oilfield. The total proved oil in-place of Wushi oil fields has exceeded 629 MMboe.
News
July 16, 2024
The LK7-1-1 exploration well was drilled and completed at a depth of approximately 4,400 m, which encountered a total of 76 m oil and gas pay zones. The well was tested to produce about 210 cubic meters of crude oil and nearly 1 MMcmgd, a new record for natural gas tested productivity in Bohai Bay.
News
July 14, 2024
On Shell’s Capital Market Day in 2023, Shell committed to deliver upstream and integrated gas projects coming on stream between 2023 to 2025, with a total peak production of greater than 500,000 boed. Jerun is expected to contribute to this commitment.
News
July 14, 2024
CNOOC Limited announced that the D1 well in the Bozhong 19-6 gas-condensate field, the first ultra-deepwater well in Bohai Bay, has achieved a high yield. The D1 well drilled to a depth of 6,088 m, and is producing approximately 6,300 boed.
News
July 10, 2024
The upcoming period of rapid growth is bolstered by deepwater projects, recent successful discoveries in Indonesia and Malaysia, and positive carbon capture and storage (CCS) advancements, which will be crucial in meeting the region’s sanctioning agenda in the years ahead.
News
July 10, 2024
Capable of producing up to 550 MMcfgd, this project is poised to address the increasing global energy demand at a time when executives are betting on natural gas.
News
July 02, 2024
Under the terms of contract, ABL can be called on to provide rig assurance, equipment focused inspections, drilling readiness peer reviews, client representation and technical risk assessments.
News
July 01, 2024
The project is expected to achieve a peak production of approximately 18,100 boed day in 2026, and the oil property is light crude. It is the first oil field in the South China Sea supplied with onshore power.
News
June 30, 2024
The offshore project in eastern South China Sea, with an average water depth of approximately 89 m, will be developed by leveraging the existing production facilities. The project is expected to achieve a peak production of approximately 5,300 boed in 2025.
News
June 14, 2024
TotalEnergies EP (Brunei) B.V. owns and operates a 37.5% interest in Block B, alongside Shell Deepwater Borneo (35%) and Brunei Energy Exploration (27.5%). Block B, located 85 km offshore Brunei, contains the Maharaja Lela/Jamalulam (MLJ) field, which started producing in 1999 and represented a net production for TotalEnergies of approximately 9,000 boed in 2023.
News
June 13, 2024
Since 2019, China has snapped up an additional 850,000 bpd of so-called NGLs and polymers, the IEA said in its Oil 2024 report, which is effectively the agency’s medium-term outlook. That accounts for just over half of demand growth for all oil products over the period.
News
June 12, 2024
South Korea's president touted the field as holding as much as 14 Bboe of resources, enough for four years of oil consumption, and 29 years of gas demand in the country. The announcement sent local oil and gas shares soaring and was trending on social media for days.
News
June 03, 2024
Geophysical exploration indicated there’s a “high possibility” the discovery offshore the port city of Pohang holds as much as 14 Bbbl of oil and gas, Yoon said. The estimated volume could be worth more than four years of oil consumption and as much as 29 years of gas demand for the country, he added.
News
May 29, 2024
MODEC, Inc. plans to open a new office in Kuala Lumpur, Malaysia, with more than 200 new positions in engineering and other corporate support functions to fill by early 2025.
News
May 16, 2024
PETRONAS, Malaysia's state-owned oil and gas company, has secured a 20-year extension for the Ketapang Contract Area located in the Java Sea.
News
May 14, 2024
This latest discovery adds further volumes to the area, bringing the total in-place resources to 11 trillion cubic feet (Tcf) since Harbour Energy's initial Timpan discovery in 2022.
News
May 13, 2024
Utilizing a new Drill Stem Test (DST) design, the well successfully flowed 47 MMcfd of excellent gas quality and 1,300 bbl of condensate. Although testing was constrained by testing facilities, the estimated well capacity is 80-100 MMcfd and over 2,000 bbl of condensate.
News
May 09, 2024
The main production facilities at Bozhong 19-6 include a wellhead platform, with 10 development wells planned to be commissioned. The project is expected to achieve a peak production of approximately 5,800 boed in 2026.
News
May 08, 2024
Odfjell Technology will provide its innovative DrillRdillo tool, which increases well productivity, improves integrity and reduces operational costs. The company will also provide its Advanced Jetting Tool and Riser Combi Tool, as well as scrapers, brushes, magnets, filter equipment, weight set circulating tools, weight set swivels and circulating tools as part of both wellbore clean up contracts.
News
April 29, 2024
The Bunga Aster-1 well encountered approximately 17.5 m of oil-bearing sandstone with up to 46 m of potential oil column. Initial assessments indicate good reservoir characteristics.
News
April 25, 2024
Cnooc lifted production by 9.9% to 180.1MMboe, another record, in the first three months. Overseas production rose 17%, mainly from increases in Canada and Guyana.
