State-owned China National Offshore Oil Corporation (CNOOC) recently made plans to drill an appraisal well on Block 22/12 in the Beibu Gulf off the Chinese coast with tentative end date before end of 2019.  The joint venture between CNOOC and Horizon Oil revealed that the company plans on conducting the field appraisal of a reservoir beside WZ 6 -12S during the third quarter which is expected to close by end...Continue Reading

A key contract in Brunei’s only semi-submersible tender assist drilling rig was recently won the Vietnam based PetroVietnam Drilling & Well Services (PV Drilling). The project is set to run in the second quarter of 2020 for a period of six years.  Various tenders from rig specialists across Southeast Asia had been invited by Brunei Shell Petroleum (BSP), with bids from other big industry players like Singapore – based Energy...Continue Reading

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...Continue Reading

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,...Continue Reading

Gabon’s petroleum minister, Noel Mboumda, stated that Malaysia’s state-owned oil company has signed an agreement with Gabon for two exploration permits. This happened after the African country enacted a new oil law on July 2019. According to the statement, Petroliam Nasional Bhd, also known as Petronas, has a presence in Gabon and is the first company to sign an exploration and production contract in the country for 5 years. With...Continue Reading