BANGKOK, Aug 25 (Reuters) - Thailand's military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production, an energy ministry official said on Thursday.
Chevron's Thai unit holds concessions to operate the Erawan gas field. PTTEP operates the Bongkot gas field. Contracts for the two offshore fields are due to expire in 2022 and 2023.
They have combined production of 2.2 billion cubic feet per day, or 76 percent of output in the Gulf of Thailand.
Thai authorities are drafting terms and criteria for the auction, which is expected to be completed by the end of this year, Veerasak Pungrassamee, director general of the ministry's Department of Mineral Fuels, told reporters.
The winners will be announced in September next year, he said, adding legislators will take three months to amend the energy law, one month longer than planned to make sure of continuity in production.
Andes Energia plc, a producer and explorer in Argentina and Colombia, announced Thursday that oil and gas discoveries have been made in the Chachahuen block in the Province of Mendoza, Argentina.
Around 20 feet of net oil pay was discovered in the sandstone of the Rayoso formation in exploration well Cerro Redondo x-1 and gas was found in exploration well La Orilla x-1 in the deeper horizon of the Lotena formation. Gas was also found in exploration well Remanso del Colorado x-1 in the deeper horizon of the Cuyo Group.
"The new oil discovery at the CoRe x-1 untapped a new reservoir to be appraised and developed, in the same way the presence of gas identified in the deeper horizons of wells LaO x-1 and Re Co x-1 opens a new exploratory frontier, which reaffirms the large scale hydrocarbon potential of Chachahuen,” said Nicolas Mallo Huergo, Andes Energia chairman.
来自/Offshore Energy Today 8月25日消息 编译/赵美园石油圈原创www.oilsns.com
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Hyperdynamics Corporation, an oil and gas company with operations in Guinea, has signed a memorandum of understanding with the government Guinea over an extension of the 2006 production sharing contract.
The news follows last week’s agreement between Hyperdynamics, Tullow Oil and Dana Petroleum, where it was agreed that Tullow and Dana would relinquish their respective stakes in the jointly run offshore block, leaving Hyperdynamics a sole owner, with a 100% share. Hyperdynamics then said that it would meet with the Government of Guinea regarding its submission for a one-year extension for the concession. Without an extension, Hyperdynamics said, the current concession expires in September 2016.
According to a statement by the company on Tuesday, a memorandum of understanding was signed on August 19, by Ray Leonard, Chief Executive Officer, and the General Director of the National Petroleum Office of the Republic of Guinea, Diakaria Koulibaly regarding the terms of the one year extension to the 2006 Production Sharing Contract, as Amended (“the PSC”) until September 22, 2017.
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Changfeng Energy Inc. (TSX VENTURE:CFY), an energy service provider in China, announces that the Company has filed its unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2016.
Revenue for the three months ended June 30, 2016 was $15.5 million, an increase of $1.8 million, or 13%, from $13.7 million for the same period of 2015. Revenue for the six months ended June 30, 2016 was $31.7 million, an increase of $1.3 million, or 4%, from $30.4 million for the same period of 2015.
This increase is mainly attributable to the continuously growing total gas sales volume in Sanya and Xiangdong regions, with a gross gas sales volume increase of 28% and 17% respectively for the three months and six months ended June 30, 2016, though offset by the declining CNG sales volume from CNG vehicle refueling stations which dropped at 18% and 23% respectively for the three months and six months ended June 30, 2016. Revenue from pipeline connection increased at 15% for the three months ended June 30, 2016 while still was in a drop of 3% for the six months ended June 30, 2016. The increase was also offset by the decrease of exchange rate between Chinese RMB and Canadian dollar.
AWE Limited (ASX: AWE) today announced its full year results for the 2016 financial year. Full year production remained steady at 5.0 mmboe and sales revenue of $202.4 million, including realised oil hedge gains of $11.8 million, was underpinned by long-term gas contract revenues of $69.4 million.
The company reported a statutory net loss after tax of $363.0 million, which included $242.5 million of non-cash impairments (after tax), with the majority advised to the market at the half year. After adjusting for non-recurring items, AWE's underlying net loss after tax was $67.4 million.
Managing Director and CEO, Mr David Biggs, said that although FY16 was a year of considerable change for AWE, the company achieved critical milestones, extracted significant cost savings, strengthened its balance sheet and delivered a solid operating performance in tough market conditions.'Over the past 12 months, we have reshaped AWE to be leaner, more efficient and focused so that we can deliver the highly valuable Waitsia gas project and pursue other growth opportunities, including the AAL oil project, in this low oil price environment,' he said.
Rex Energy Corporation今日宣布其已完成Illinois Basin资产出售工作,买方为Campbell Development Group, LLC。此次出售的资产约为7.6万净英亩,分别位于Illinois、Indiana和Kentucky。该资产目前的日产量约为1700桶。Rex Energy通过此次资产出售获得了约4000万美元,三年后还将获得额外1000万美元的付款。所得款项将用于支付信贷及企业其他花销。
来自/OilVoice 8月25日消息 编译/郑雨晴
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Rex Energy Corporation (Nasdaq:REXX) announced today that it has closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. The sale of the Illinois Basin assets includes approximately 76,000 net acres in Illinois, Indiana and Kentucky; the assets are currently producing approximately 1,700 net barrels per day. Rex Energy is selling its entire interest in the basin and has received net proceeds from the sale of approximately $40 million with the potential for additional proceeds of up to $10 million over the next three years based on commodity prices during that time frame. The proceeds will be used to pay down the revolving line of credit and for general corporate purposes.
Anadarko Petroleum Corporation (NYSE: APC) today announced that Darrell Hollek, formerly Executive Vice President, U.S. Onshore Exploration and Production, has been named Executive Vice President, Operations with responsibility for the company's U.S. onshore exploration, production and midstream activities, along with its Gulf of Mexico and international operations. The company also announced Ernie Leyendecker, formerly Sr. Vice President, International Exploration, has been named Executive Vice President, International and Deepwater Exploration.
Bob Daniels, formerly Executive Vice President, International and Deepwater Exploration, will continue as an Executive Vice President and member of the company's Executive Committee until his retirement later this year. Jim Kleckner, formerly Executive Vice President, International and Deepwater Operations also is retiring.
Oil & Gas Development Company Limited (OGDCL), operator, with JV Partners PPL & GHPL has successfully tested and completed Nashpa Well # 6 & 7 development wells in Nashpa Development & Production Lease, which fall in district Karak and Kohat of KPK Province.
The structure of Nashpa Well # 7 was delineated, drilled and tested using OGDCL's in house expertise. The well was drilled down to the depth of 4,596 meters, targeting to test the hydrocarbon potential of Datta and Shinawari formations. The Zone has produced 2,700 BPD crude oil and 7.4 MMSCFD of gas through 36/64' choke at well head flowing pressure 1,886 psig. Furthermore, laying of 1.86 Km pipeline has been completed and the well would be injected into the system within this week.
Likewise Nashpa Well# 6 was also delineated, drilled and tested using OGDCL's in house expertise. The well was drilled down to the depth of 5,025 meters, targeting to test the hydrocarbon potential of Kingriali, Datta, Shinawari, Samanasuk, Lumshiwal and Lokhart formations. However, hydrocarbons have been successfully tested in Lumshiwal and Lokhart formations. The Zones have produced 2,550 BPD curde oil and 16.3 MMSCFD of gas through 36/64' choke at well head flowing pressure 2,667 psig. Furthermore, laying of 7.0 km pipeline is in progress and the well would be injected into the system by mid of September 2016.
Both the development wells Nashpa # 6 & 7 would add to the significant hydrocarbon reserves base of the OGDCL, PPL GHPL and the country including bringing significant savings to the country in terms of import bill for Oil and Gas.
Blackeagle Energy Services, a leading provider of energy-related construction and maintenance services, announced today it has acquired certain Permian Basin assets from Brazos Rock, Inc., a leading provider of oilfield construction services in Texas.
'The transaction announced today increases our footprint and strengthens our existing Texas operations. What's more, it allows us to better serve our existing customers and puts us at the epicenter of the nation's largest oil producing region,' said Rick Barrett, Blackeagle's president and CEO.
Brazos Rock, based in Weatherford Texas, is a well-established contractor with a solid reputation for quality and safety. 'I have known Rick and Blackeagle for a long time and have appreciated the similarities between our two businesses. When it came time for us to consider strategic alternatives, I knew there would be no one better to work with than Blackeagle,' said Chad Chester, CEO of Brazos Rock.
The terms of the deal remain private except for the public announcement that Blackeagle will employee Brazos Rock's former employees and occupy the company's building and yard in Midland, Texas.
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Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible Opec agreement to lift prices."And the capping, we are not open to that because Iraq is still below what it should produce," Haider Al-Abadi told reporters.Members of the Organization of the Petroleum Exporting Countries are due to meet informally in Algeria next month on the sidelines of the International Energy Forum (IEF). Russia is also expected to attend the IEF.
Iraq, which depends on oil sales for 95 percent of its public spending, appears set to continue boosting production, which currently stands at around 4.6 million barrels per day.The Baghdad government resumed partial pumping from fields in Kirkuk operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey. Iraq may base its public budget for 2017 on an oil price of $35 per barrel. Iraq sells its crude at a discount to international oil prices.The price assumption for 2017 could still be changed by parliament which has to approve it.
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Canada-based Packers Plus Energy Services recently worked with operator Dubai Petroleum Establishment to install and stimulate an offshore carbonate reservoir.The operator used proppant as the treatment method - a first for offshore completions in the Middle East - in place of the typically used acid method for carbonate formations.The completion trialed the use of proppant in order to maximize production and was paired with the StackFRAC Titanium XV system, a high pressure/high temperature system designed for wells in which differential pressures exceed 10,000 psi (69 MPa) and extreme bottom hole temperatures can be encountered.
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Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said.Aramco has asked to cut its share of the project to upgrade a refinery in Cilacap in the province of Central Java to 30 per cent from 45 per cent. The Cilacap upgrade is expected to increase the refinery's crude processing capacity to 370,000 barrels per day (bpd) from 348,000 bpd at present, and is targeted for completion by the end of 2022.
Such a move could be a setback to President Joko Widodo's plans to overhaul the creaking energy infrastructure in Southeast Asia's largest economy.Forecasting growing crude oil demand, Aramco has been looking to invest further in Indonesia's refining and petrochemicals sector, part of broader expansion plans in China, India, Vietnam and the United States.
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来自/Offshore Energy Today 8月24日消息 编译/赵美园石油圈原创www.oilsns.com
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The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR), the government agency responsible for overseeing all petroleum-related activities in Israel, plans to host roadshows in September 2016 for the promotion of the country’s first offshore energy licensing round.
IHS Energy, a part of IHS Markit, said on Friday that it is acting as an advisor for the licensing round and will facilitate the roadshows on behalf of the ministry.
As reported in an article published on Friday, the government of Israel has approved the delineation of new offshore oil and gas exploration sites to be offered to international oil and gas community.
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油气生产商PDC Energy Inc表示:其将以约15亿美元收购两家私人持股公司,以增加其在德克萨斯州Delaware盆地的区块面积。这两个私人公司都是由Kimmeridage Energy Management Co管理。该交易包括57000净英亩,净产量相当于7000桶油当量/天。PDC透露,该交易大约为0.915亿美元现金和价值5.9亿美元的940万股普通股股票。(路透社,Rigzone,8月23日消息)