Friday 29 May 2015

Indonesia: Pertamina proposes to take over Sanga-Sanga oil block

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

Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block. The block currently produces 16,733 barrels of oil per day and is operated by VICO Indonesia, whose contract is due to expire in 2018.

Thursday 28 May 2015

Australia: Falcon Oil & Gas announces commencement of drilling operations in the Beetaloo Basin, Australia

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

Falcon Oil & Gas has announced that drilling operations have commenced on its initial three well fully funded drilling campaign in the Beetaloo Basin, in the Northern territory of Australia.

Australia: AWE's Waitsia-1 appraisal well encounters gas shows in secondary target

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

AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, reports that the Waitsia-1 appraisal well has encountered elevated gas shows in the Dongara Sandstone, a secondary target.

Australia: Key Petroleum provides update on Dunnart-2 completion and testing

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

Key Petroleum, operator of EP437, has announced that all Drilling Contractors of Australia (DCA) Rig 6 drilling equipment has now arrived at the Dunnart-2 site.

Wednesday 27 May 2015

Indonesia: Lofin-2 flows gas - confirms material discovery

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

JV partner Lion Energy reports that the CITIC-operated Lofin-2 appraisal well has tested gas at up to 17.8 mmcfpd from the Manusela limestone. Results support a gas column of at least 1106m, and up to 1300m.

China: CNOOC announces Eastern South China Sea discovery

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

CNOOC Limited has announced a mid-sized discovery at Liuhua 20-2 in the Eastern South China Sea. The Liuhua 20-2 structure is located in the Northern Slope Belt of the Baiyun Sag in the Pearl River Mouth Basin of the South China Sea.

Tuesday 26 May 2015

China's CNPC makes first tight oil find over 100 million tonnes

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

Chinese state-owned energy giant China National Petroleum Corp (CNPC) has discovered more than 100 million tonnes of tight oil geological reserves in its Changqing field, a company-run newspaper said on Tuesday.

Monday 25 May 2015

New Zealand: Kea Petroleum provides update on funding and suspension of trading

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

Kea Petroleum reports that it has not secured the required funding to develop the Shannon Prospect in New Zealand and has requested a suspension of its shares to trading on AIM pending clarification of its financial position.

Indonesia: Pacific Oil & Gas receives approval for Kisaran development in Indonesia

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

JV partner New Zealand Oil & Gas reports that operator Pacific Oil & Gas has received ministerial approval for a Plan of Development of the Kisaran Production Sharing Contract in Sumatra, Indonesia.

New Zealand: Cue Energy reports production start at the Maari MR7A development well

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

Cue Energy has announced that production from the Maari MR7A development well has been brought on stream, with a provisional initial production rate between 1,500-2,000 barrels of oil per day.

Indonesia signs 12 Oil & Gas Cooperation Contracts

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

On Friday, the Indonesian government signed 12 Cooperation Contracts for Oil and Gas that consisted of eight Conventional Migas Working Areas (WK Conventional Migas) and four Non Conventional Oil and Gas Working Areas (WK MNK).

Indonesia to auction more oil and gas blocks this year

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

Indonesia's Energy and Mineral Resources Ministry will tender 10 oil and gas blocks in a new bidding round this year to supplement new working contracts secured earlier this year in a bid to increase output despite a waning investment-appetite.

Sunday 24 May 2015

Australia: Cooper Energy reports progress on the Sole gas field development, offshore Australia

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

Cooper Energy reports that the acquisition of a 50% interest in the Sole gas field and Orbost Gas Plant announced on 15 December 2014 has been completed with the project entering Front End Engineering and Design (FEED).

Australia: Beach Energy's Sensation-1 well in the Cooper Basin disappoints

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

JV partner Cooper Energy reports that the Beach Energy-operated Sensation-1 exploration well, located in PRL 98, Cooper Basin, South Australia, is being plugged and abandoned. No oil shows were recorded in the well.

Indonesia: PETRONAS achieves first oil from the Bukit Tua field, offshore Indonesia

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

PETRONAS reached a significant milestone in its upstream operations in Indonesia with the first oil achieved from the Bukit Tua field on 17 May 2015. The field is located in the Ketapang Block approx. 110km offshore East Java.

Friday 22 May 2015

New Zealand Energy relinquishes East Coast permit PEP52976

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

New Zealand Energy Corp has announced that the Company has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

Thursday 21 May 2015

Australia: Apache spuds Olympic-1 farm-in well in Buru Energy's EP 473 permit

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

Buru Energy has advised that its extensive 2015 exploration drilling program has commenced with the spudding of the Olympic 1 conventional oil well located southeast of Broome in Western Australia. Olympic-1 is the second well to be drilled as part of a farmout agreement with Apache.

NZ/Vietnam: Pan Pacific Petroleum selling New Zealand and Vietnam assets

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

Pan Pacific Petroleum, the subject of an on-market takeover bid by Zeta Energy, has advised that the Company will seek offers for the purchase of its interest in the Tui oil project in New Zealand and the CRD development project in Vietnam.

Indonesia: NuEnergy Gas signs conditional agreement to acquire Coal Bed Methane PSCs from Dart Energy

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

NuEnergy Gas has announced the signing of the conditional Share Purchase Agreement ('SPA') with Dart Energy International on 20 May 2015 to acquire 100% of the issued share capital of Dart Energy (Indonesia) Holdings.

Australia: Key Petroleum preparing to test the Dunnart-2 well in EP437

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

Key Petroleum, operator of EP437, reports that the Drilling Contractors of Australia ('DCA') Rig 6 has arrived at the Dunnart-2 site in preparation for the commencement of completion and testing operations.

Australia: BG Group assumes operational control of QCLNG and meets pre-conditions for pipeline sale

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

BG Group has announced that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group’s Australian subsidiary, from Bechtel Australia, which constructed the facility.

Wednesday 20 May 2015

Australia: MEO farms out WA-488-P to Rex International subsidiary

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

MEO Australia has announced the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit to a wholly owned subsidiary of SGX-listed Rex International Holding.

Tuesday 19 May 2015

Australia: Terra Nova terminates Cooper Basin farm-in with Holloman Energy

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

Holloman Energy reports that it has received notice that Terra Nova had terminated its Farm-In Agreement on Petroleum Exploration Licenses (PELs) 112 and 444.

Pakistan: MOL Group announces new discovery in Pakistan and enters DG Khan Block

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

MOL Group has announced a new commercial discovery at the MOL operated exploration well Mardan Khel-1 in the TAL Block. MOL has also signed a farm-in agreement for the DG Khan block in Pakistan, acquiring a 30% non-operating interest from Pakistan Oil Fields Limited.

Pakistan: Jura Energy's Ismail-1 well in the Guddu Block disappoints

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

Jura Energy Corp has announced that the exploration well, Ismail-1, in the Guddu Block, onshore Pakistan, is being plugged and abandoned without testing, after failing to encounter hydrocarbons.

Indonesia: Cooper Energy announces Bunian field reserves assessment

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

Cooper Energy has made an assessment of the reserves in the Bunian field in the Tangai-Sukananti KSO in South Sumatra, Indonesia, following analysis of the results of the Bunian-3 ST2 well which was completed earlier this month.

Monday 18 May 2015

Australia: Oeca Energy completes sale of Cooper Basin assets to Senex Energy

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

Orca Energy has advised that it has completed the sale of its Cooper Basin assets to Senex Energy. In total, the Company received just over AUD$2,000,000 for the sale of PPL 251, PRL 117 and PEL 110 (together the Cooper Basin Assets).

Australia: Cooper Energy and Beach Energy spud Sensation-1 exploration well in the Cooper Basin

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

Cooper Energy reports that Sensation-1, an oil exploration well located in PRL 98 on the western flank of the Cooper Basin, South Australia, spudded on Monday 18 May 2015. Sensation-1 will conclude the current three well drilling campaign.

Indonesia: Peak Oil & Gas announces extension to PSC Exploration Period South Block A, North Sumatra

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

Peak Oil & Gas has announced that the Indonesian Ministry of Energy and Mineral Resources has approved a nineteen month extension to the Exploration Period of the South Block A Production Sharing Contract (PSC).

Sunday 17 May 2015

Australia announces 2015 Offshore Petroleum Exploration Acreage Release

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

The 2015 Acreage Release comprises 29 areas located across 8 basins in Commonwealth waters. 23 areas are available for work program bidding and 6 areas are available for cash bidding.

India looking to acquire oil assets abroad - oil minister

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

India is looking to buy oil assets abroad, the country's oil minister said on Friday, adding he was seeing increased engagement in the Latin American region. India is the world's fourth-biggest oil consumer, importing four-fifths of its needs as its own output shrinks.

Friday 15 May 2015

Indonesia: Lion Energy continues testing Lofin-2 well despite operational challenges

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

Lion Energy advises that the Lofin-2 appraisal well has reached a depth of 5861m MD. Ongoing operational issues involving stuck drill string have resulted in the decision to test a 437m open hole section of the Manusela Limestone.

Australia: Icon Energy renews ATP 594 and announces new exploration program in the Cooper-Eromanga Basin

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

Icon Energy has announced the renewal of ATP 594 on the eastern flank of the Cooper-Eromanga Basin. The first stage of the exploration program in ATP 594 includes the acquisition of 3D seismic and the drilling of one well. Icon intends to farm out part of its 100% interest.

Thursday 14 May 2015

Australia: Queensland opens new areas open for competitive tender

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

The Surat, Cooper and Eromanga basins are key petroleum and gas producing regions and have significant deposits. More than 11,000km2 of land is available for competitive tender across two locations, incorporating 20 areas.

Australia: AWE spuds Waitsia-1 appraisal well

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

AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, has advised that the Waitsia-1 appraisal well commenced drilling operations. The well is designed to further test the gas potential of the Waitsia field.

Australia: MEO renews AC/P50 & AC/P51 permits, offshore Australia

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

MEO Australia has renewed the AC/P50 and AC/P51 exploration permits for a further five years. are located in the proven Vulcan Sub-basin, immediately to the east of the producing Montara oil field. MEO intends to seek funding partners prior undertaking exploratory drilling.

India's planned west coast LNG plant attracts 4 initial bids

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

India Gas Solutions, a joint venture of Reliance Industries and BP, U.S.-based Excelerate Energy and Japan's Mitsui and Co have bid to build a gas import facility on India's west coast, a company official said.

New Zealand: New TAG Oil pipeline nears completion - paves way for natural gas sales and field development

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

Oil and gas operator TAG Oil reports that pipeline construction connecting the Cheal-E development area to TAG’s main Cheal-A production infrastructure is nearly complete. The TAG-led, NZ$4.5 million (US$3.3 million) project was completed on budget and ahead of schedule.

Timor Leste/Australia: Oilex JV receives termination notice for JPDA 06-103 PSC

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

Oilex, in its capacity as Operator of the JPDA 06-103 PSC, has received a Notice of Intent to Terminate the PSC from the ANP, which asserts a monetary claim against the JV for payment of the estimated cost of exploration activities not carried out.

Wednesday 13 May 2015

Myanmar will not launch new onshore or offshore bidding rounds this year

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

Myanma Oil and Gas Enterprise (MOGE) will not launch any new onshore or offshore bidding rounds this year, and will focus instead on the development of recently contracted blocks, the state-owned enterprise said last week.

Timor Leste/Australia: Oilex provides update on JPDA 06-103 dispute

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

Oilex, in its capacity as Operator, on behalf of the JV participants in the JPDA 06-103 Production Sharing Contract, has provided an update on its request to terminate the PSC by mutual agreement, due to developments which are outside the control and influence of the JV participants.

Tuesday 12 May 2015

Australia: Cooper Basin reports successful oil appraisal well Callawonga-11 in the Cooper Basin

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

JV partner Cooper Energy reports that Callawonga-11, an oil appraisal well operated by Beach Energy in PPL 220 on the western flank of the Cooper Basin, South Australia, is to be cased and suspended after reaching a total depth of 1,733 metres in the Hutton Sandstone.

Australia: Key Petroleum provides update on Dunnart-2 well test in the Perth Basin

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

Key Petroleum, as Operator, has provided an update in relation to planned testing operations at Dunnart-2 in Exploration Permit EP437, Perth Basin, Western Australia.

Australia: MEO Australia receives approval for six month extension to NT/P68

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

MEO Australia has advised that the National Offshore Petroleum Titles Administrator (NOPTA) has approved a six month suspension and extension to the current Permit Year 5 of NT/P68.

PNG: InterOil reports encouraging Elk-Antelope appraisal well underpins multi-train LNG development

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

InterOil Corp reports promising appraisal results of the Elk-Antelope gas field in Papua New Guinea underpin a multi-train LNG project. InterOil Chief Executive Dr Michael Hession said well results from Antelope-5 had been very encouraging.

Monday 11 May 2015

Australia: INPEX commences oil production at Coniston oil field, Western Australia

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

INPEX has commenced oil production from the Coniston oil field offshore Western Australia. The Coniston oil field covers an area of 45km2 saddling Blocks WA-35-L and WA-55-L and is operated by Apache.

Indonesia: AziPac acquires 50% participating interest in North Madura PSC, offshore East Java, Indonesia

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

AziPac, the Seacrest Capital Group backed E&P company focussed on offshore exploration in the Asia Pacific region, has announced the acquisition of a 50% interest in the North Madura Production Sharing Contract ('PSC') located offshore Java Sea, Indonesia.

Sunday 10 May 2015

Australia: Yolla-6 development well reaches TD

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

AWE Limited has advised that the Operator of the BassGas joint Venture in permit T/L1, Origin Energy, has confirmed that the the Yolla-6 development well has reached a Total Depth of 3,653m and preparations are in place to tie-in the well to the Yolla facility.

Thursday 7 May 2015

Indonesian energy minister seeks to rejoin OPEC

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

Indonesia's energy minister said on Thursday he would ask for President Joko Widodo's approval for the country to rejoin OPEC seven years after leaving the oil exporters' group.

Wednesday 6 May 2015

Australia: AWE confirms gas discovery at Irwin-1 in the onshore Perth Basin

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

AWE Limited has announced initial results from the Irwin-1 exploration well, located in the onshore Perth Basin, Western Australia. Initial analysis of the wireline logs indicates a 32m gas column in the Dongara/Wagina tight gas reservoir.

Australia: Norwest Energy successfully completes 3D seismic acquisition work at Arrowsmith Project

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

Norwest Energy reports that the on-ground seismic acquisition work for the Arrowsmith seismic survey has been successfully completed, allowing for the processing and interpretation of the 3D seismic data to commence.

Tuesday 5 May 2015

Australia: Senex Energy reports two Cooper Basin oil discoveries

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

Senex Energy has reported two Cooper Basin oil discoveries in its April 2015 monthly drilling report. The Company has drilled thirteen wells of its FY15 drilling program in the South Australian Cooper Basin.

Monday 4 May 2015

Philippines: Otto Energy contracts Maersk Venturer drill ship for the Hawkeye-1 exploration well

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

Otto Energy has executed a binding contract with Maersk Drilling to secure the Maersk Venturer ultra-deep water drill ship for the Hawkeye-1 exploration well, offshore Philippines.

Myanmar awards Statoil and Conoco Phillips deepsea exploration block

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

Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block - Deepsea Block AD.10 - off Myanmar's western Rakhine coast.

PNG: Heritage Oil spuds the Raintree-1 farm-in well in PPL 337

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

Kina Petroleum has announced the spud of the Raintree-1 exploration well in PPL 337. The well is operated by Heritage Oil under a farmout agreement and is designed to test a carbonate reef analogous to but younger than the reservoir in Elk/Antelope.

Australia: Bengal Energy provides Cuisinier operations update

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

Bengal Energy has completed the Phase Two drilling campaign on ATP 752 Barta Block. Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells and the reactivation of the Cuisinier-6 well, was approx. 1,653 bopd.

MEO Australia recommends rejection of revised Mosman Oil & Gas offer

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

MEO Australia has said it notes Mosman Oil and Gas' revised offer to acquire all of the fully paid ordinary shares in MEO and has advised shareholders to reject the 'Revised Mosman Offer'.

Australia: Drillsearch and Santos make new gas discovery in Western Wet Gas Project Area

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

Drillsearch Energy has announced a new wet gas discovery on the Western Wet Gas Fairway of the Cooper Basin, the sixth from seven wells drilled in FY2015 by the Company’s joint venture with Santos.

Sunday 3 May 2015

Indonesia: Cooper Energy announces further success at Bunian-3 with flow from oil pool discovery

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

Cooper Energy reports further success from the testing of the Bunian-3 ST2 development well with the flow testing of the secondary target K1 sand. The K1 sand flowed for 18 hours at a flow rate equivalent to 1,590 barrels per day.

Friday 1 May 2015

Australia: Cooper Energy's drilling campaign starts with success at Callawonga-10

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

Cooper Energy reports that Callawonga-10, an oil development well in PPL 220 on the western flank of the Cooper Basin, South Australia, is to be cased and subsequently completed after reaching a total depth of 1,482 metres in the Westbourne Formation.