Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in Indonesia, Wood Mackenzie's research director Andrew Harwood provides commentary.
The company has announced its plan to bring the TLP-103C well at its Tilapia licence in the Republic of the Congo into production.
Russia had two natural gas discoveries in the West Siberian basin and an oil discovery in the Okhotsk basin, while Colombia had three conventional oil discoveries, all in the Llanos Orientales basin.
Anglo African Oil & Gas plc, an independent oil and gas developer, has provided details of its plan to bring the TLP-103C well (‘the Well’ or ‘TLP-103C’) at its Tilapia licence in the Republic of the Congo into production.
Siemens becomes the second company, following Marnavi Offshore, to join MFDevCo as it establishes strategic collaborations for the cost-effective development of marginal gas fields.
Texas leads the nation in oil & natural gas production, employment growth.
The three-year agreement, which includes options to extend, is estimated to be worth up to US$95 million over the term.
The project, which produces gas from the Giza and Fayoum fields, was developed as a deepwater, long-distance tie-back to an existing onshore plant.
PD&MS has won a two-year contract extension with Shell UK, extending an existing partnership through to April 2021, and securing in the region of 50 full time jobs.
The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation.
Total plans to follow up the discovery with 3D seismic and wells on up to four more similar prospects on the block, 11B/12B.
The company has announced that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.
A total of 305 deals with a combined value of US$47.9 billion were registered in the upstream oil and gas industry in Q4 2018, according to GlobalData.
Among Corallian’s joint venture partners, Andalas Energy and Power represent the best leverage play for the Colter prospects with its 8% interest.
Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.