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Petroleum Division says minimum investment to be carried out by E&P companies will be over $33.3 million in 3 years

The Ministry of Energy’s Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new...

KUALA LUMPUR: Petronas launched the Malaysia Bid Round (MBR) 2021, offering 13 exploration blocks, at a virtual event on Feb 26 which attracted over 250 potential and existing investors. These potential bidders streamed live from North America, the United Kingdom, Europe as well as Asia-Pacific, the national oil company said. "MBR 2021, themed ‘Grow Your Energy Portfolio With Us’, is set to open up more investment opportunities for investors to explore and monetise hydrocarbon resource potentials in Malaysia,” it said in a statement today. Of the 13 blocks on offer, three are situated i...

ONGC offers JV in exploration blocks to ExxonMobil SECTIONS Share Synopsis Exxon is likely to take a view after studying geological data, and a deal may take some time. ONGC is expected to offer a significant minority stake to Exxon in these blocks. Getty Images ONGC signed a preliminary agreement with ExxonMobil in October 2019 that proposed joint technical studies and cooperation in difficult oil fields, the Indian firm’s existing exploration blocks and joint bidding for new acreages. INSIGHTS NSE Explore Now New Delhi: Oil and Natural Gas Corp (ONGC) has offered energy giant ExxonMobil...

>> paul: let's take this in turn. off shore in libya, 900 million dollar project. bp said it was something like, equivalent of 2000 blocks, exploration blocks in the gulf of mexico. >> oh, it's absolutely enormous because these are oil blocks right off the coast which libya itself doesn't have to take-- the libyan oil company doesn't have the technology to explore, but they need a big western oil company who can do the deep water drilling. the question, how did bp get itself to get these contracts. >> paul: that's the question, because the british deny any quid pro quo between the release of m...