Monday 31 August 2015

Australia: Transerv Energy sidetracks Warro-5 well due to mechanical problems

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

Transerv Energy has announced that the present operation at Warro-5, the first well of a pivotal two-well drilling program aimed at unlocking the potentially immense value of Australia’s biggest undeveloped onshore gas field in the mid-west of WA, is drilling ahead at 1857mRT TVD in a side track hole (Warro-5ST).

Thailand: Loyz Energy reports significant increase in oil production and reserves following Thailand drilling campaign

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

Loyz Energy, a fast-growing Singapore-based upstream energy group, has seen positive results from its 20% equity investment in the oil producing concession located in the Phetchabun Basin, Thailand.

PNG: Drilling operations underway at Total's Antelope-4 ST1

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

JV partner InterOil Corp has advised that the PRL-15 Joint Venture has started drilling a side-track well at the Antelope-4 site, as part of its appraisal campaign on the Elk–Antelope gas field in Papua New Guinea.

Friday 28 August 2015

Australia: UIL Energy progresses Central Perth Basin activities

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

UIL Energy has provided an update on the Company’s central Perth Basin permits including submission of the environmental documents for the planned seismic survey across three of its permits.

Thursday 27 August 2015

Australia: Buru Energy's Praslin-1 well in EP391 encounters oil

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

Buru Energy has provided an update on drilling operations at the Praslin-1 well in EP391. Wireline logs indicate a gross oil bearing interval of some 23 meters is present at the top of the interpreted Ungani Dolomite section in the well, similar to that seen over the highly productive zone at the Ungani oil field.

Australia: Pilot Energy receives approval for WA-503-P work program variation

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

Pilot Energy, formerly Rampart Energy, announced Thursday that the National Offshore Petroleum Titles Administrator (NOPTA) has granted a Transitional Work Program Variation for the Company’s offshore exploration permit WA-503-P.

Australia: Galilee Energy completes ATP 529P acquisition from AGL Energy

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

Galilee Energy has announced the successful completion of its acquisition of the remaining 50% interest in ATP 529P from AGL Energy. ATP 529P is a coal seam gas project located in the prolific Galilee Basin in Queensland.

Wednesday 26 August 2015

Myanmar: Tap Oil signs Production Sharing Contract for highly prospective Myanmar Block

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

Tap Oil has formalised its entry into Myanmar following the signing of the Production Sharing Contract (PSC) for the shallow water Block M-7 in the Moattama Basin. Tap holds a 95% participating interest in the M-7 Block and has assumed operatorship.

Australia: Cue Energy Resources receives approval for WA-359-P work programme suspension

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

Cue Energy Resources has been notified by NOPTA of the approval of its application for a suspension of the Permit Year 3 work program commitment for WA-359-P, which included the drilling of one exploration well. Cue is currently seeking a farm-in partner to drill the the Ironbark prospect.

Tuesday 25 August 2015

Vietnam: China oil rig to keep drilling in waters disputed with Vietnam

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

A Chinese oil rig at the centre of last year's standoff between China and Vietnam will continue drilling not far from Vietnam's coast, China's maritime safety authorities said on Tuesday.

PNG: Oil Search looking for acquisitions in Papua New Guinea

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

Oil Search said on Tuesday it is looking for acquisitions in Papua New Guinea, where it holds the bulk of its assets, but Managing Director Peter Botten said deals may take some time as buyer and seller expectations remain wide apart.

New Zealand: Mosman Oil and Gas announces proposed acquisition of NZ producing oil and gas assets from Origin Energy

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

AIM-listed Mosman Oil and Gas, the New Zealand and Australia focussed oil exploration and development company, has provided information on the proposed acquisition of NZ producing oil and gas assets which include the Rimu, Kauri and Manutahi fields from Origin Energy.

Monday 24 August 2015

Vietnam: Controversial China rig completes drilling well near Vietnam coast

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

The Chinese oil rig at the centre of last year's standoff between China and Vietnam over oil exploration in the South China Sea has completed drilling of a well not far from Vietnam's coast, the official Xinhua News Agency said on Monday.

Sunday 23 August 2015

Australia: Buru Energy reports encouraging hydrocarbon indications at Praslin-1 in EP391

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

Buru Energy provided an update on drilling operations at the Praslin-1 well, located 15kms west of Buru Energy’s producing Ungani oil field, which has encountered hydrocarbon indications over potentailly porous reservoir zones.

Friday 21 August 2015

Australia: AWE upsizes onshore Perth Basin gross recoverable gas to over 700 bcf

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

AWE reports that data gathered from the Waitsia-2 appraisal well has allowed AWE to significantly increase the company’s previous estimate of gross recoverable gas in the onshore Perth Basin and book initial 2P Reserves.

Thursday 20 August 2015

Malaysia: Shell transfers stake in Malaysia MLNG plant to Petronas

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

Royal Dutch Shell unit Sarawak Shell Bhd has transferred its 50 percent stake as operator of the MLNG Dua liquefied natural gas (LNG) plant to Malaysian state oil firm Petronas.

Australia: Armour Energy signs LOI for US$100m Northern Territory farmout to American Energy Partners

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

Armour Energy has executed a non-binding Letter of Intent ('LOI') with American Energy Partners (AEP) whereby AEP and Armour will jointly further the exploration and development of Armour’s extensive oil and gas prone McArthur Basin Project in the Northern Territory of Australia.

Wednesday 19 August 2015

Australia: WHL Energy receives approval for variation and extension of VIC/P67 work programme

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

WHL Energy has received approval from the Commonwealth-Victoria Offshore Petroleum Joint Authority for a variation and extension of VIC/P67 work programme to provide the time necessary to de-risk and further mature the identified prospectivity.

China: CNOOC signs PSCs with ROC

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

CNOOC has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07 and 03/33 in the South China Sea. The two blocks are located in the Pearl River Mouth Basin in the South China Sea.

Tuesday 18 August 2015

Australia: Woodside beefs up sales marketing for Browse LNG in tough market

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

Woodside Petroleum said it has stepped up marketing for its Browse floating liquefied natural gas project, but conceded it is facing a buyers' market against a backdrop of weak oil prices.

China: Primeline signs drilling contract with COSL for exploration campaign in East China Sea

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

Primeline Energy Holdings has entered into a turnkey drilling contract with China Oilfield Service Ltd (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea.

Australia: Transerv spuds first of two key test wells on Australia’s largest undeveloped onshore gas field

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

Transerv Energy has started the pivotal two-well drilling program aimed at unlocking the potentially immense value of Australia’s biggest undeveloped onshore gas field - Warro gas field - in the mid-west of WA.

Monday 17 August 2015

Thailand: First oil flows at KrisEnergy-operated Wassana field in the Gulf of Thailand

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

The Wassana oil field has commenced production from the first development well in 15 months after KrisEnergy took over operatorship of G10/48. Production is expected to reach a peak rate of approx. 10,000 bopd by year end.

Vietnam: Wood Group awarded FEED contract for Talisman's Ca Rong Do field offshore Vietnam

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

Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam; estimated to contain around 67 mmboe.

Sunday 16 August 2015

Philippines: Otto Energy's Hawkeye-1 exploration well fails to find commercial hydrocarbons

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

Otto Energy reports that the Hawkeye-1 exploration well, on SC55, offshore Palawan Basin in the Philippines, has failed to find commercial hydrocarbons and will be plugged and abandoned.

Thursday 13 August 2015

Mongolia: Petro Matad awards contract for 2D seismic data acquisition in Blocks IV and V, Central Mongolia

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

Petro Matad has announced the award of a contract to Khet Co, for the acquisition of circa 2000 kms of 2D seismic in Blocks IV and V. The programme is scheduled to commence in mid-September 2015.

Vietnam: SOCO announces commencement of production from the TGT H5 platform offshore Vietnam

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

SOCO International has announced that first oil and gas from the H5 Wellhead Platform ('H5-WHP') of the Te Giac Trang ('TGT') field occurred on 10 August 2015 following perforation of the first of the H5 development wells.

Wednesday 12 August 2015

PNG: InterOil completes Wahoo sidetrack operations - well to be plugged and abandoned

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

InterOil Corp has advised that Wahoo-1 sidetrack operations have not intersected a carbonate reservoir and the company intends to plug and abandon the well. The wildcat exploration well in PPL 474 was a significant step-out from the successful Elk-Antelope gas hub in PRL 15.

Vietnam: JOGMEC provides equity financing to Idemitsu and Sumitomo’s exploration project offshore Vietnam

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

JOGMEC has announced that it will provide equity financing to Special Purpose Companies to be established by Idemitsu Kosan and Sumitomo Corp, which acquired participating interests in the recently awarded exploration Blocks 39 and 40/02, offshore Vietnam.

Tuesday 11 August 2015

Australia: Beach Energy acquires AGL's interest in Cooper Basin permit ATP 1056

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

Beach Energy has signed a binding agreement to acquire a 40% operating interest in the ATP 1056 permit from AGL Cooper Basin, a subsidiary of AGL Energy, for $1.15 million.

Australia: Quadrant Energy's Levitt-1 exploration well in Carnarvon Basin permit WA-482-P disappoints

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

JV partner Karoon Gas Australia reports that the Quadrant Energy operated Levitt-1 exploration well in Carnarvon Basin permit WA-482-P, offshore Western Australia, has failed to encounter hydrocarbons and will be plugged and abandoned.

Cambodia: Mirach Energy receives approval of final extension of Cambodia Block D exploration period

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

Mirach Energy has received the official letter from the Ministry of Mines and Energy notifying it that the Royal Government of Cambodia has approved the final extension of exploration period of Block D to December 2018.

Indonesia: ConocoPhillips to seek buyers for its stake in South Natuna Block B, offshore Indonesia

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

ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in South Natuna Sea Block B in the Natuna Sea, company and government sources said.

Pakistan: Taipan Resources to acquire interest in Block 2769-13 (The Salam Block), Pakistan

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

Taipan Resources has entered into a non-binding letter of intent with Petroleum Exploration Limited ('PEL') to acquire a 50% interest in PEL's Block 2769-13 (Salam) located in the Jacobabad and Ghotki Districts of the Sindh Province in Pakistan.

Indonesia: Ramba Energy to commence oil production from Lemang block in early 2016

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

Ramba Energy has received approval of the first Plan of Development ('POD') for the Akatara field, located in the Lemang block, Sumatra, Indonesia.

Monday 10 August 2015

Australia: Strike Energy completes successful Klebb workover program in Southern Cooper Basin

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

Strike Energy has provided an update on operations at its Southern Cooper Basin Gas Project in PEL 96. Workover operations at the three Klebb wells have been successfully completed.

Sunday 9 August 2015

Philippines: Red Emperor Resources provides update on Hawkeye-1 well, offshore Philippines

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

Red Emperor Resources has provided an update with respect to the drilling of the Otto Energy-operated Hawkeye-1 exploration well, offshore Palawan Basin in the Philippines.

Friday 7 August 2015

Malaysia: EMGS announces Letter of Award with an oil company in Malaysia for BOA Thalassa

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

Electromagnetic Geoservices (EMGS) has received a letter of award (LOA) for a contract worth approx. USD 4.2 million from an oil company for 3D EM data acquisition over their operated area in Malaysia.

Thursday 6 August 2015

Mongolia: Petro Matad awards contract for airborne full tensor gradiometry data acquisition in Blocks IV & V, Central Mongolia

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

Petro Matad has announced the award of a contract to Bellgeo Enterprises for the provision of airborne full tensor gradiometry data acquisition and processing services. The programme will result in approx. 11,000 km2 of gravity gradiometry coverage.

Wednesday 5 August 2015

Vietnam: SOCO signs MoU for Blocks 125/126, offshore Vietnam

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

SOCO International has signed a Memorandum of Understanding with PetroVietnam and SOVICO Holdings regarding potential exploration and production on Blocks 125-126, in the Phu Khanh Basin, offshore Vietnam.

Indonesia: Pan Orient Energy reports details of a Prospective Resource Report for its Anggun Prospect, Indonesia

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

Pan Orient Energy Corp has announced the results of a recently completed third party engineer NI-51-101 compliant Prospective Resource Report for the Anggun Prospect, East Jabung Production Sharing Contract ('PSC'), Indonesia.

Monday 3 August 2015

PNG: Oil Search reports Papua LNG Project operator transition to Total complete

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

Oil Search has advised that Total E&P PNG has become operator of the PRL 15 Joint Venture, including the Papua LNG Project, effective from 1 August 2015.

Australia's Origin Energy to sell Contact Energy stake

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

Australia's Origin Energy said on Tuesday it will sell its controlling interest in New Zealand electricity generator and retailer Contact Energy and use the proceeds to reduce debt.

Australia: Cooper Energy signs first sales agreement for Sole Gas Project

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

Cooper Energy has announced the signing of a Heads of Agreement (HoA) with O-I Australia defining the key terms for the sale of gas from the Sole gas field.

Sunday 2 August 2015

Philippines: Otto Energy spuds Hawkeye-1 exploration well, offshore Philippines

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

Otto Energy has spudded the Hawkeye-1 exploration well, in Service Contract 55 (SC55), offshore Palawan Basin in the Philippines. Hawkeye is planned as a vertical exploration well to test the clastic late Miocene Pagasa formation.