Insights

K5 is located about 230km from Bintulu, in water depth of 80 metres. Discovered in 1970, K5 is a sour gas field offshore Sarawak in eastern Malaysia. It had been left undeveloped as it contains up to 70 % carbon dioxide (CO²)  content. Anyway, Petronas and Total have now signed a heads of agreement to jointly study its […]

Definition: “CCS” stands for Capture Compression and Sequestration. This operation is directly related to the Carbone Dioxide (CO²). Comments: As reflected by the acronym, CCS require three different operations: Capture: The Capture of the CO² is not always easy, it depends very much where the CO² comes from, mixed with Oil & Gas, produced out […]

Husky Energy from Canada and CNOOC from China own each of the Madura fields, BD, MDA & MBH, in the Madura Straight on East Java, Indonesia. The remaining 20% belongs to the local Samudra Energy. The  Madura BD project is well in progress as decision was made last year to go for a FPSO to process […]

The national India Oil & Natural Gas Corporation (ONGC) is a major local offshore drilling rigs operator and still intends to do so as to support the off Eastern India Oil & Gas fields development. With more than 120 blocks to explore, ONGC will have to ramp up its drilling rigs fleet. Most of its […]

Definition: “Drillship” are ships designed to drill.  Comments: These drillships are specially designed to perform drilling operations in deep-sea locations. A typical drillship will have, in addition to all of the equipment normally found on a large ocean ship, a drilling platform and derrick located on the middle of its deck. In addition, drillships contain a hole (or ‘moonpool’), extending […]

To meet the Malaysia oil & gas production targets, Hess and Petronas have decided to speed up the development of the Kamelia and Belud oil fields. On Kamelia in the North Malay Bassin, Hess has awarded a letter of Intend to Emas Offshore Production & Construction (EOCL) to charter a FPSO for a first period of […]

Shell is operating the Malampaya gas field with 45% share, at the same level as Chevron while the local Philippines National Oil Company, PNOC, owns the remaining 10%.  The third phase of Malampaya will suppose the construction of an offshore compression platform. This platform should be built in the Philippines and should be the first […]

Definition: “Semisubmersible” or “Semisub-” is referring to Offshore drilling rigs so called because they are combining the advantages of submersible rigs with the ability to drill in Semisubmersible drilling rig. The Semisubmersible drilling rig is made of a floating structure having vertical hollow legs connected to horizontal pontoons used for ballasting with seawater for stability. It also has numerous large heavy anchors which keep it secured […]

Chevron is planning to spend $3 billion in Indonesia this year where Gengalo and Gehem should take a major part. While Technip is performing the FEED for these two large FPUs, Chevron is completing the qualification process of the potential contractors to receive an invitation to bid (ITB) this quarter. For this FEED , Technip has involved its Jakarta […]

With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic […]