Indonesia: Lion Energy in agreement to explore highly prospective North Sumatran acreage

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Lion Energy has announced that it will join forces with conventional PSC holders Bukit Energy and New Zealand Oil & Gas to jointly explore an area within the prolific North Sumatra Basin.

Australia: AWE elects not to proceed with VIC/P67 farm-in

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Australian energy company WHL Energy has received notification from Peedamullah Petroleum ('AWE') that AWE has elected not to proceed as part of the VIC/P67 Joint Venture. WHL Energy previously identified 14 prosects with total best estimate Prospective Resources of 1,044 Bcf of gas and 31.2 MMbbls of condensate and LPGs.

China ends near decade of rising Iraq crude oil orders

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Chinese oil firms will keep the amount of crude they buy from Iraq unchanged in 2015 for the first time in almost a decade, as the need for imports falls and concerns over the quality of the oil persist, five sources with knowledge of the situation said.

Australia: Linc Energy spuds second well in 103 billion barrel Arckaringa Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Linc Energy has announced an update on drilling operations in the Arckaringa Basin, where Linc has spudded the Eba 1 well - the second Arckaringa drill well in the current program.

Australia: Drillsearch restarts production at Flax oil and gas field in Cooper Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Drillsearch Energy has restarted oil production from the Flax facility in PRL 14 (Drillsearch 100% and Operator) in the Cooper Basin.

SeaBird Exploration announces letter of award for source work in SE Asia region

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



SeaBird Exploration has received a letter of award (LOA) for source work for one of its vessels in the South East Asia region. It is estimated that the client will charter the vessel for 30-35 days starting early April 2015. The contract will have an estimated value of USD 3.5 - 4.0 million.

Australia: Woodside postpones decision on Browse LNG project

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Woodside Petroleum said on Tuesday it was postponing an investment decision on whether to proceed with development of the Browse floating liquefied natural gas project off the coast of Australia due to low oil prices.

Australia: Cooper Energy acquiring 50% interest in Sole gas field and Orbost Gas Plant

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Cooper Energy has secured the basis for a substantial expansion to its gas resources and cemented its position as an emerging participant in the Eastern Australian gas market with the agreement to acquire a 50 per cent interest in the Sole gas field (VIC/RL3) and the Orbost (Patricia Baleen) Gas Plant in Victoria from Santos.

Malaysia: Petronas Carigali to boost high CO2 fields with Technip, UOP, Twister and Generon

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Petronas Carigali has stepped up its focus on high carbon dioxide (CO2) concentration gas fields via tie-up with four companies which will focus on developing engineering and technology solutions.

China: CNOOC's Liuhua 34-2 gas field commences production

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CNOOC Limited has announced that its Liuhua 34-2 gas field, located in the Eastern South China Sea, has commenced production. The Husky Oil-operated gas field is producing approx. 30 million cubic feet per day and expected to reach its ODP designed peak production of approx. 45 million cubic feet per day in 2015.

Australia/Canada: Apache Corp announces sale of Wheatstone and Kitimat LNG projects to Woodside Petroleum

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Apache Corp has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Woodside Petroleum for a purchase price of $2.75 billion.

Australia: Senex Energy spuds Jenners-1 well in Cooper Basin permit PEL 100

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



JV partner Cooper Energy has advised that Jenners-1 has spudded in PEL 100 of the South Australia Cooper Basin. The Jenners Prospect is a four-way dip closed anticline defined by the 2013 Dundinna 3D seismic survey. Jenners-1 is targeting the Tinchoo, Poolowanna and Birkhead Formations and the Hutton Sandstone.

MEO Australia says Mosman takeover offer is inferior to proposed merger with Neon Energy

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



MEO Australia has responded to Mosman Oil & Gas' proposal to make an off-market takeover offer. Based on the information provided to date, the MEO Directors consider the Mosman Proposal to be inferior to the proposed merger with Neon Energy.

Philippines: Gas2Grid granted two year technical moratorium for Service Contract 44, onshore Cebu, Philippines

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Gas2Grid has advised that its application to the Philippine Department of Energy for a two year technical moratorium of Service Contract 44 (SC 44) to establish the best completion technology and fully appraise the Malolos oil field has been approved.

Indonesia energy regulator sees 2015 upstream spending at $22 billion

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Indonesia expects spending in its upstream oil and gas sector to reach $22.2 billion in 2015, a senior official at the upstream regulator (SKKMigas) said, 13 percent less than the amount budgeted for this year.

Philippines: Otto Energy receives superior proposal from Nido of US$108 million for its interest in the Galoc oil field

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Following an earlier agreement with Risco Energy Investments, Otto Energy has announced it has now executed a superior sale and purchase agreement with Nido Petroleum to divest its interest in the Galoc oil field, offshore Philippines, for US$108m.

India: Oilex reports Cambay Basin demonstrates strong economics

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oilex has confirmed that the Cambay field is expected to have robust economics, despite the recent sharp drop in oil prices.

Australia: Santos makes second wet gas discovery in PEL 513 in the Cooper Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



JV partner Drillsearch Energy has announced the second wet gas discovery made by its PEL 513 joint venture with Santos. The Yarowinnie South-1 well encountered an aggregate best estimate of almost 15 metres of net gas pay over several intervals in the Patchawarra Formation.

PNG: InterOil announces discovery at Bobcat-1 in PPL476

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



InterOil has notified the Papua New Guinea Department of Petroleum and Energy of a discovery at the Bobcat-1 exploration well in PPL476. The well was tested over an interval of about 320 meters of Kapau limestone, the upper section of the target reservoir, and flowed and flared hydrocarbons at surface.

New Zealand: TAG Oil increases exploration interests in Taranaki Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



AG Oil has announced that New Zealand Petroleum and Minerals has awarded the Company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 ('Sidewinder North') and Petroleum Exploration Permit 57063 ('Waiiti').

Australia: Carnarvon Petroleum provides update on the Phoenix South-1 well

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Carnarvon Petroleum has provided provide an update on the work being performed in assessing the results from the Phoenix South-1 well.

Australia: Senex Energy reports good gas flows at its Vanessa-1 well in the Cooper Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Senex Energy has reported strong production testing results at the Vanessa conventional gas field in the South Australian Cooper Basin. The well, located in PEL 182, flowed gas to surface at an average rate of 5.0 mmscf/d.

Mosman Oil and Gas announces takeover proposal for MEO Australia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Mosman Oil and Gas has announced that Mosman proposes to make a takeover bid to acquire 100% of the fully paid ordinary shares in the issued capital of the ASX listed MEO Australia. MEO is currently subject to a merger proposal with ASX listed company, Neon Energy.

Australia: Oilex converts Canning Basin SPA 17 AO to an Exploration Permit Application

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oilex has announced that its application to convert the Special Prospecting Authority (SPA 17 AO) to Exploration Permit Application (STP-EPA-0131) has been approved by the WA Department of Mines and Petroleum (DMP).

Australia: Bengal Energy announces gas discovery in Australia's Cooper Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Bengal Energy has announced a new natural gas discovery with the Nubba-1 well in the Wompi sub-block of ATP 752P in Australia's Cooper Basin.

China: CNOOC signs PSCs with KUFPEC

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CNOOC has signed three production sharing contracts (PSCs) with KUFPEC (China) for Blocks 52/22, 52/26 and 63/13 in the Yinggehai Basin of the South China Sea.

Australia: Comet Ridge provides update on Mahalo 7 horizontal well in ATP 337P

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Coal seam gas explorer and developer Comet Ridge has provided an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project. The well was drilled during the first half of November 2014 in the ATP 337P Mahalo Block in Queensland’s Bowen Basin.

Australia: Senex Energy begins production at the Martlet oil field in Cooper Basin permit PEL 104

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Senex Energy has strengthened its producing revenue base with the commencement of production from the recently discovered Martlet oil field in the Western flank of the Cooper Basin, located in PEL 104.

Australia: BG Group sells Australian gas pipeline to APA Group for $5 billion

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



British gas giant BG Group said on Tuesday it agreed to sell its wholly owned QCLNG Pipeline Pty Ltd subsidiary in Australia to APA Group for US$5 billion.

New Zealand: Statoil adds permits to New Zealand portfolio

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. The permits were awarded by the New Zealand government through the 2014 Block Offer.

Octanex signs funding agreements with Sabah International Petroleum

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Octanex has executed documentation for the previously announced investment by Sabah International Petroleum (SIP) in Octanex. Octanex and SIP will jointly pursue upstream oil and gas ventures in Malaysia, Indonesia and the Philippines.

New Zealand: Mosman awarded three new permits in New Zealand

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Mosman Oil and Gas, the New Zealand and Australia focussed oil exploration and development company, has been awarded three additional Permits in New Zealand in the New Zealand Government's 2014 Block Offer.

Vietnam: SOCO announces updated technical review of Te Giac Trang resources, offshore Vietnam

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



SOCO International has announced that ERC Equipoise ('ERCE') has completed its evaluation of the Block 16-1 Te Giac Trang field ('TGT') offshore Vietnam, which confirms the Company's long standing view of the size and production potential of the TGT field.

New Zealand announces 15 new oil and gas exploration permits

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



New Zealand has announced 15 new petroleum exploration permits have been granted for Block Offer 2014 today. The permits include six onshore permits across the Taranaki, West Coast and East Coast basins. A further nine offshore permits have been granted across the Reinga-Northland, Taranaki, and the Pegasus basins.

Australia: Origin Energy confirms new gas discovery offshore Victoria

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Origin Energy has confirmed its Speculant-1 exploration well discovered potentially commercial quantities of gas in Waarre Formation reservoirs in the Otway Basin, offshore Victoria, within the Origin operated VIC/L1(v) permit.

India: Oilex confirms successful well test at Cambay-77H

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oilex has announced the preliminary results of the flowback and production testing of Cambay-77H. All proof-of-concept objectives have been achieved and the commercial development of the Cambay field using multi-stage frac technology is feasible.

Indonesia's Energi Mega to refinance $170 million loan - considers acquisitions

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Indonesian oil and gas firm Energi Mega Persada hopes to refinance $170 million worth of loans by February next year and is considering acquisitions to raise its production, its top executive said on Friday.

Australia: Mosman Oil and Gas provides Canning Basin update

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Mosman Oil and Gas announced Friday that the Joint Venture parties in the Canning Basin permit EP478 in WA, Australia recently approved a Joint Venture Agreement amendment to accommodate the reprocessing and interpretation of seismic in EP478.

Malaysia: Wood Group awarded multi-year contract with ExxonMobil in Malaysia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Wood Group has been awarded a multi-year contract by ExxonMobil Exploration and Production Malaysia Inc (EMEPMI), a subsidiary of Exxon Mobil Corp. Wood Group PSN and Wood Group Mustang will deliver brownfield engineering, procurement and construction management services to support EMEPMI’s offshore operations in Malaysia.

Pakistan: OGDCL announces gas condensate discovery at the Jand-1 well in Punjab

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oil and Gas Development Company Limited (OGDCL) has discovered hydrocarbon bearing horizons in its exploratory well Jand # 01. The Sakessar and Chorgali formations have been tested jointly delivering 10.60 MMCFD Gas and 21 BPD condensate.

Myanmar: Ophir Energy announces signing of Myanmar PSC

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Ophir Energy has announced that it has signed a Production Sharing Contract with the Myanmar Ministry of Energy which finalises the award of Block AD-03 offshore Myanmar. Ophir has a 95% operated interest in the block which is located in the Rakhine Basin.

PNG: Horizon Oil spuds Nama-1 exploration well in PNG

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Horizon Oil has spudded the Nama-1 exploration well in PPL 259, Western Province, Papua New Guinea. The well is located 20 km due east of the Stanley Development, in which all wells found condensate- rich gas in the Late Jurassic Kimu and Early Cretaceous Toro Sandstones.

Australia: Santos defers planned fund raising

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



In response to a marked change in market conditions, Santos has decided to defer possible fund raising.

Thailand: Carnarvon Petroleum divests Thailand assets

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Carnarvon Petroleum has entered into a Sale and Purchase Agreement (SPA) to divest its remaining 20% interest in the Thailand oil production concessions L44/43, L33/43 and SW1A. Carnarvon has agreed to sell its remaining 20% interest in its Thai assets to the Berlanga Group for a total cash consideration of US$58.21 million (A$68.5 million).

Australia: Apache's Commodore-1 farm-in well in Buru's EP 390 disappoints

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Buru Energy has provided an update on the Commodore-1 exploration well in EP 390, the first well to be drilled as part of the Apache Corp farm out announced in November 2013.

PNG: InterOil provides update on Papua New Guinea drilling

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



InterOil Corp has provided an update on the Company’s exploration drilling program in Papua New Guinea, including the results of the Raptor-1 well where test results, including pressure measurements, support the presence of a multi-hundred meter hydrocarbon column in excess of the 200 meter gross gas interval already encountered by the well.

Australia: PGS commences 'Springboard' MultiClient 3D in South Australian hotspot

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



PGS has announced the successful commencement of the Springboard MC3D program in the Ceduna sub-Basin offshore South Australia. The Springboard MC3D has significant industry support and is being acquired by the Ramform Sovereign, a PGS state-of-the-art seismic vessel that utilizes PGS' GeoStreamer technology.

New Zealand: OMV announces first oil from the Maari Growth project

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



OMV has announced 'first oil' from its Maari redevelopment drilling campaign in New Zealand. The Maari redevelopment drilling campaign in New Zealand, also known as the Maari Growth project, aims to increase reserves, production and recovery from the producing Maari field.

China: CNOOC's Panyu 34-1/35-1/35-2 project commences production

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CNOOC Limited announced Monday that its Panyu 34-1/35-1/35-2 project, located in the Pearl River Mouth Basin of the South China Sea, has commenced production.

EMGS confirms seismic contract award with PTTEP International for acquisition in Thailand and Myanmar

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Electromagnetic Geoservices (EMGS) has confirmed that the Company has been awarded a contract worth USD 7.0 million with PTTEP International for seismic acquisition in Thailand and Myanmar.