oil and gas field
Houston Offshore to complete Sea Lion pre-FEED work The Texas-based Houston Offshore Engineering (Houston Offshore) is currently completing the pre-front end engineering and design (pre-FEED) work for the Sea Lion project offshore the Falklands Islands to be developed by the UK companies Premier Oil plc (Premier Oil) and Rockhopper Exploration plc (Rockhopper). The Sea Lion […]
CNOOC to award Liuhua 11-1 TLP FEED contract The state-owned company China National Oil Offshore Corporation (CNOOC) is finalizing the conceptual design for the expansion of the Liuhua 11-1 offshore oil and gas field within the South China Sea. Immediately after hammering the decision of the concepts to be developed, CNOOC will award the corresponding front […]
Pertamina adds six platforms at West Madura Offshore The Indonesia national oil company (NOC) Pertamina and its partner Kodeco from South Korea, are ready to call for bid (CFB) six new platforms to expand the West Madura Offshore (WMO) project offshore East Java in Indonesia. Since the Indonesian Government set to Pertamina the goal to become […]
Find out how our energy can create a better world Petroleo Brasileiro SA (Petrobras) was founded in 1953 and is today the largest corporation in Brazil operating in 27 countries outside of Brazil, highlighting United States and West Coast of Africa. Petrobras is listed on San Paulo ADR and on NYSE but mostly owned and managed by […]
Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties have recovered a specified amount […]
Definition Farm-in-Agreement is a contract signed between two companies, the Farmor and the Farmee, where the Farmor is the owner of the acreage and the Farmee is willing to perform the drilling and exploration in the acreage of the Farmor. The Farm-in-Agreement is very similar to the Farm-out-Agreement in the way that in both cases it […]
Offshore Exploration and Production ban counts days Soon after the Macondo incident, Italy proposed a moratorium that came into force in August 2010. Italy’s Legislative Decree No. 128/10 (known as DL 128) prohibited offshore exploration and production activities involving liquid hydrocarbons within 5 miles of the Italian coast. In addition, offshore drilling activities located within […]
Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital expenditure is estimated to $4.2 […]
