production sharing contracts (PSC)

Brunei Shell Petroleum evaluates options for Geronggong development

Shell to compare FPSO with tie-back on Gumusut The Netherlands-based major company Shell is investigating through its joint venture Brunei Shell Petroleum (BSP) the optimized solution to develop the Geronggong oil field offshore the Sultanate of Brunei Darussalam (Brunei). Located 100 kilometers offshore Brunei by a water depth of 1,000 meters, the Geronggong oil field …

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Petronas to call for bid on Gharraf Gas Treatment Plant in October

Petronas and Japex move on Iraq Gharraf phase 1 The Malaysian national oil company, Petronas, Japan Petroleum Exploration (Japex) and North Oil Company from Iraq, are moving one the first phase of the development of the Gharraf, or Garraf, oil and gas field in southern Iraq. Gharraf is the fifth largest oil field in Iraq with estimated 1 …

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BP and Reliance to spend $1 billion into KG-D6 Block

Reliance and BP in upstream and midstream Alliance On August 7th, 2012, BP and Reliance Industries Ltd (RIL) received from the India Oil Ministry the conditional approval for the production compensation of the declining offshore KG-D6 gas field. This decision was accelerated after three years of discussions in front of the depletion speed the matured …

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