Posts Tagged ‘oil and gas field’

Premier Oil to speed sail with Sea Lion offshore Faklands Islands

Houston Offshore to complete Sea Lion pre-FEED work The Texas-based Houston Offshore Engineering (Houston Offshore) is currently completing the pre-front end engineering and design (pre-FEED) work for the Sea Lion project offshore the Falklands Islands to be developed by the UK companies Premier Oil plc (Premier Oil) and Rockhopper Exploration […]

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CNOOC to decide China Liuhua 11-1 Expansion final design

CNOOC to award Liuhua 11-1 TLP FEED contract The state-owned company China National Oil Offshore Corporation (CNOOC) is finalizing the conceptual design for the expansion of the Liuhua 11-1 offshore oil and gas field within the South China Sea. Immediately after hammering the decision of the concepts to be developed, […]

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Indonesia Pertamina to expand West Madura Offshore Project

Pertamina adds six platforms at West Madura Offshore The Indonesia national oil company (NOC) Pertamina and its partner Kodeco from South Korea, are ready to call for bid (CFB) six new platforms to expand the West Madura Offshore (WMO) project offshore East Java in Indonesia. Since the Indonesian Government set […]

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Petrobras in brief

Find out how our energy can create a better world Petroleo Brasileiro SA (Petrobras) was founded in 1953 and is today the largest corporation in Brazil operating in 27 countries outside of Brazil, highlighting United States and West Coast of Africa. Petrobras is listed on San Paulo ADR and on NYSE but […]

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“PSC”

Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties […]

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Farm-in-Agreement

Definition Farm-in-Agreement is a contract signed between two companies, the Farmor and the Farmee, where the Farmor is the owner of the acreage and the Farmee is willing to perform the drilling and exploration in the acreage of the Farmor. The Farm-in-Agreement is very similar to the Farm-out-Agreement in the way […]

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Italy considers how to restore its GDP with Oil and Gas

Offshore Exploration and Production ban counts days Soon after the Macondo incident, Italy proposed a moratorium that came into force in August 2010. Italy’s Legislative Decree No. 128/10 (known as DL 128) prohibited offshore exploration and production activities involving liquid hydrocarbons within 5 miles of the Italian coast. In addition, […]

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Norway approved Total $4.2 billion Martin Linge project

Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital […]

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