Repsol and Petronas delay Andaman wildcat drilling
Spain’s Repsol (BME:REP) is again delaying the drilling of the much anticipated Rencong-1X deep-water wildcat exploration well in the Andaman III Block in the North Sumatra basin offshore Indonesia.
Repsol
Indonesia loses another IOC as ConocoPhillips exits in $1.3bn deal
ConocoPhillips (NYSE:COP) will exit Indonesia after agreeing to sell its assets in the country to local independent Medco Energi (IDX:MEDC) for $1.355 billion. The move could be a blow to Indonesia’s image in the longer run as the nation tries to attract foreign investment, but analysts generally see the deal as positive.
Archer posts £5.6m loss in Q3
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Maersk Drilling ‘significantly bolstered’ by sale of Maersk Inspirer
Maersk Drilling (CPH: DRLCO) is enjoying a period of “strong operational performance”, bolstered by the sale of the Maersk Inspirer.
Harbour seeks PSV for Indonesia deep-water campaign
Harbour Energy (LON:HBR) is seeking a platform supply vessel (PSV) to support its Andaman deep-water drilling programme offshore Indonesia.
ExxonMobil planning CCS project at Cepu in Indonesia
ExxonMobil (NYSE:XOM) is planning a carbon capture utilisation and storage (CCUS) project at its giant Cepu block in East Java, said Dwi Soetjipto, the head of Indonesia’s upstream regulator SKK Migas.
Repsol and Harbour Energy score driller for exciting deep-water campaign in Indonesia
UK-based Aquadrill – formerly Seadrill Partners – reported that its Capella drillship will head to Indonesia’s Andaman area to carry out a deep-water drilling programme for Harbour Energy (LON:HBR) and Repsol (BME:REP).
ExxonMobil eyes huge CCS potential in Southeast Asia
ExxonMobil (NYSE:XOM), which set up a low-carbon solutions division in February, is focusing on building a carbon capture and storage (CCS) business in Asia. Significantly, ExxonMobil believes there is over 300 billion tonnes of storage capacity in Southeast Asia alone, Tracy Lothian, vice president marketing, finance & commercial development, low carbon solutions, at the US giant, said today.
Repsol sets date for Indonesia CCS project
Repsol (BME:REP) said it will start up a key carbon capture and storage (CCS) project in Indonesia in 2027. Significantly, the CCS scheme tied to the onshore Sakakemang Block will be among the largest of its kind in the world and will be the first for both Repsol and Indonesia, claimed the Spanish company.
Medco raising cash with eye on ConocoPhillips’ Corridor Block
Medco Energi, an ambitious Indonesian independent oil and gas company, is preparing to raise capital that will help fund acquisitions. Significantly, Medco Energi is reportedly keen to bid for ConocoPhillips’ share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
Repsol and Medco eye ConocoPhillips $1.5bn Corridor stake
Indonesia’s Medco Energi and Spain’s Repsol are reportedly keen to bid for ConocoPhillips' share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
West Capella tipped to drill key well for Repsol in Indonesia’s deep waters
Aquadrill Offshore’s ultra-deep water drill ship West Capella is favoured to win the single-well contract for Repsol’s much-anticipated Rencong-1X wildcat in the North Sumatra basin offshore Indonesia.
Repsol finishes FEED for giant Indonesian gas discovery
Repsol has finished front-end engineering and design (FEED) work for its giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia. The Spanish company and partner Petronas are now moving towards preparation for engineering, procurement, and construction (EPC) contractor selection, according to upstream regulator SKKMigas.
Hibiscus closer to Repsol acquisition in Vietnam and Malaysia
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Repsol plans FID for Sakakemang in Indonesia in 2022
Repsol and partner Petronas plan to take a final investment decision (FID) on the giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia next year with full production targeted by 2027.
Harbour Energy on track for deep-water Indonesia probe
UK-listed Harbour Energy said it is on track to probe the deep waters of Indonesia’s North Sumatra basin in its Andaman II production-sharing contract (PSC).
ConocoPhillips could struggle to find buyers for Indonesia assets worth $1.5bn
ConocoPhillips is seeking to sell its share in the giant Corridor onshore gas block in Indonesia estimated to be worth more than $1.5 billion. However, given the scale of the project and uncertainties around its future, the US major could struggle to find a buyer.
Indonesia mulls carbon tax to help finance clean energy
The Indonesian Ministry of Finance has announced plans to introduce carbon pricing in an effort to help finance clean energy projects and boost tax revenues, as well as cut emissions, in Southeast Asia’s largest economy.
Hibiscus names sales price for Repsol’s Asia assets
Malaysian-listed Hibiscus Petroleum has confirmed it will buy a handful of Southeast Asian assets from Spain’s Repsol for $212.5 million.
Repsol set to sell handful of Southeast Asia assets to Hibiscus
Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Repsol getting ready to drill offshore Malaysia
Westwood Global Energy reported that Repsol has opened commercial packages for its outstanding jack-up tender for drilling offshore Malaysia and is going through final evaluations before sending it to Petronas for approval.
Harbour Energy seeks deep water rig for Indonesia probe
UK-listed Harbour Energy is seeking a deep-water drilling rig as it prepares to probe the deep waters of Indonesia’s North Sumatra basin.
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Global interest expected in Santos Dorado sale
Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).