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Production Sharing Contract (PSC)

China National Offshore Oil Corporation The China National Offshore Oil Corporation (CNOOC) is the Chinese third largest oil and gas company in China after PetroChina (CNPC) and Sinopec. Based in Hong Kong, CNOOC was established in 1999 to develop the offshore resources in complement of PetroChina focusing on the onshore exploration and production and Sinopec […]

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Genel to export Kurdish Iraq natural gas to Turkey Genel Energy is considering a $2.5 billion gas central processing facility to turn Miran gas field into production. The Miran natural gas field is located in the Kurdistan Region in Iraq and had been awarded through a production sharing contract (PSC) by the Kurdistan Regional Government (KRG) […]

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Total and JX NOEX acquire stake in Myanmar M-11 PTT Exploration and Production (PTTEP), the national oil company in Thailand, Total from France and JX Nippon Oil & Gas Exploration (JX NOEX) from Japan, decided to join hands into a partnership to further explore and develop the offshore Myanmar oil and gas fields in the […]

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After Eni, Talisman and Total, Sonatrach eyes on ExxonMobil and Shell After signing contracts with ENI from Italy, Talisman Energy (Talisman) and Total from France, Sonatrach is willing to attract ExxonMobil and Shell for the exploration and production of unconventional gas, shale gas and tight gas,  in Algeria. According to recent studies performed by Sonatrach, […]

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Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total  in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]

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CNPC to boost China shale gas through joint ventures China National Petroleum Corp. (CNPC or PetroChina) is to become the spearhead of China‘s new policy to boost its own shale gas exploration and production in multiplying joint ventures and strategic agreements such as with Shell, Gazprom or Sichuan Province. China holds about triple shale gas resources of […]

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