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Industry News

Fresh cooperation in the oil and gas sector is set between Malaysia & Vietnam. Prime Minister Tun Dr Mahathir Mohamad said, through the countries’ respective petroleum companies, Petronas and Vietnam Oil and Gas Group (PetroVietnam), this would be undertaken. Petronas and PetroVietnam signed a binding Heads of Agreement (HoA) for the sale and purchase of additional gas earlier in March. These additional gases are from Block PM3 CAA, Malaysia to...
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Uk North Sea could see more decades of the basin’s lifespan through the pioneer of a new microbial technology which will soon be trialled. This could help save people’s jobs and “kick decommissioning down the track”. An estimate of 35% is a standard recovery rate from an oil reservoir while the rest has stayed stubbornly trapped in tight and difficult-to-reach pore spaces. However, to go after the remaining “stranded” reserves,...
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A small oil discovery was made in production license 167 at the Utsira High in North Sea, by Equinor along with its respective partners Lundin and Spirit Energy. In the summer of 2019, an oil discovery was made in the Lille Prinsen Outer Wedge Well, located 1 km west of Lille Prinse Main. It is estimated that the discovery in the main reservoir contains between 5 and 25 million boe....
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For a drilling job in the central North Sea, Fraser Well Management was hired by Corallian Energy as an operator for its Curlew-A. It is expected that FWM’s Aberdeen-based team to start the drilling of the well in the first half of 2020. Currently, the Ocean Endeavour by Gardline is conducting the site survey. Source: Energy Voice
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Notified by the UK Oil and Gas Authority, Australian-based Talon Petroleum has successfully joined a joint bid alongside with Netherlands-based partner ONE-Dyas. This was for a license over Block 1430b via the UK 31st Supplementary Offshore Licensing Round. The license contains the Thelma Prospect, a Burns Sandstone stratigraphic trap and a 29mmbo (gross best estimate) prospective resource, Louise Prospect, a Piper Fault Block target and which contains a 17mmbo (gross...
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