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Indonesia: PETRONAS makes oil discovery in East Java, Indonesia

Indonesia: PETRONAS makes oil discovery in East Java, Indonesia
26 Feb 2021
Hidayah-1 exploration well, located within the
North Madura II Production Sharing Contract (PSC), offshore East Java, Indonesia. PC North Madura II is the operator with 100 per cent participating interest in the North Madura II PSC.
The Hidayah-1 exploration well was spudded on 7 January 2021 and safely drilled to a depth of 2,739 metres. The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 BOPD with good crude quality. The Hidayah-1 exploration well results will be further assessed to ascertain its potential.
PETRONAS Vice President of Exploration, Upstream, Emeliana Rice-Oxley said: ....

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Panoro Energy announces 2020 Y/E trading statement and operational update

Panoro Energy announces 2020 Y/E trading statement and operational update
25 Feb 2021
Panoro Energy has issued an update and guidance in advance of the Group’s 2020 Annual Report. The information contained herein has not been audited and may be subject to further review and amendment.
John Hamilton, Chief Executive Officer, Panoro Energy, commented:
Panoro’s recently announced acquisitions and funding will completely transform the Company and its prospects. Panoro will become a growth company with a focus on cash flow generation and dividend capacity from 2023. The global events of 2020 materially impacted the oil and gas industry, as evidenced by industry financial statements. 2021 is already looking to be a much better year, as the Company plans for a busy operational period of production and exploration drilling against a much improved oil price environment. ....

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Australia: Armour Energy submits application for Retention Licences in the Northern Territory

Armour Energy has lodged applications for Retention Licences (RL) in the Northern Territory over portions of its 100% owned Exploration Permits (EP) 171 and 190. ....

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Shelf Drilling closes sale of Shelf Drilling Journey jack-up rig

Shelf Drilling has completed the sale and delivery of the jack-up rig to ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC). ....

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Six oil and gas operators launch joint campaign to abandon wells in the North Sea for the first time

energy-pedia decommissioning
Six oil and gas operators launch joint campaign to abandon wells in the North Sea for the first time
24 Feb 2021
Nexstep, the National platform for re-use & decommissioning of oil and gas infrastructure in the Netherlands, has over the last few years worked on a joint campaign for the decommissioning of gas wells in the Dutch North Sea. This month, Nexstep issued the invitation to tender to the market. For the first time in Dutch history, six oil and gas operators will jointly set up a major campaign to decommission wells.
Joint Campaign
It is known from various studies that cooperation in decommissioning can lead to significant efficiency improvements, and therefore also cost savings. Over the past two years, the operators have been working on a first joint campaign within the Nexstep partnership, with the help of EBN and NOGEPA. It was decided to start with a campaign for the removal of MLS (mud line suspension) wells, which are w ....

Jacqueline Vaessen , Wintershall Noordzee , Neptune Energy , National Platform For , Dutch North , Totalep Nederland , General Manager Nexstep , National Platform , E Ampp News , Oil And Gas Exploration , Exploration And Production , Energy Pedia , Geological And Geophysical , Alternative Energy , Heavy Oil , Oil And Gas Condensate , Licence Round , Oil And Gas Ministry , Oil Companies , நெப்டியூன் ஆற்றல் , தேசிய நடைமேடை க்கு , டச்சு வடக்கு , ஜநரல் மேலாளர் னெக்ஷ்ஸ்தெப் , தேசிய நடைமேடை , ஏ அம்ப்ப செய்தி , எண்ணெய் மற்றும் வாயு ஆய்வு ,