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.
News
April 22, 2024
SapuraOMV’s operated production in 2023 was about 500 MMcfd of natural gas, feeding the Bintulu liquefaction plant operated by Petronas Nasional Bhd., as well as 7,000 bpd of condensates, TotalEnergies said in the statement. It also holds interests in exploration licenses in Malaysia, Australia, New Zealand and Mexico.
News
April 15, 2024
The Nong Yao-13 well was drilled to 5,399 ft measured depth and discovered just over 30 ft of new oil pay across several intervals. Additionally, two wells were drilled north of the Wassana oil field to identify sufficient oil volumes in this northern area of the block to justify a future development project.
News
April 09, 2024
Located offshore Myanmar, the Yadana natural gas field has produced roughly 6 Bcmg per year. 70% of the recovered resources are exported to Thailand.
News
April 03, 2024
In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of oil and gas resources in Malaysia, this project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu basin area.
News
April 02, 2024
CEO of Prima Energy Northwest Natuna, Pieters Utomo, emphasized that PENN will continue to commit to the development of the AAL oil field until reaching production by the end of 2026, with a production target of 20,000 bopd.
News
April 01, 2024
Production capacity is estimated to be 490 MMcfd, with production scheduled to begin by the end of 2026. In addition to the development of the upstream gas field, the Block B Project will also include a midstream development for gas transportation.
News
March 27, 2024
McDermott will remove the existing flexible gas lift riser and perform the installation and commissioning of a new dynamic riser section and flowline comprised of two thermoplastic composite pipe jumpers. This will enable gas delivery to a subsea production system tied back to the Kikeh FPSO vessel.
