$24bn subsea spend eyed in Asia Pacific over next five years
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in the gas-rich maritime area, the country’s naval chief said on Saturday of an area that both countries claim as their own.
The Indonesian government has approved a plan of development for Harbour Energy’s (LON:HBR) Tuna oil and gas project that includes $3.315 billion worth of cost recovery. Significantly, Indonesia sees the development as a way to assert its sovereign rights in a maritime area also claimed by China.
Russia’s Zarubezhneft is interested to bid for the giant East Natuna gas Block offshore Indonesia, according to upstream regulator SKK Migas, when the area is auctioned next year.
Harbour Energy (LON:HBR) is seeking a floating production storage and offloading (FPSO) unit for its Tuna oil and gas development offshore Indonesia in the Natuna Sea.
UK-based Harbour Energy (LON:HBR) is close to finalising a supply deal with Vietnam for natural gas from its proposed Tuna gas development in the Natuna Sea offshore Indonesia.
Upstream oil and gas exploration activities in the North Natuna Sea will continue despite persistent protests from China, Indonesia’s upstream oil and gas regulator SKK Migas said.
Harbour Energy (LON:HBR) is targeting final investment approval to develop its Tuna Block offshore Indonesia in 1H 2023 with first production planned in 2026 following successful appraisal drilling in the Natuna Sea.
UK-based Harbour Energy (LON:HBR) is driving forward with plans to commercialise discoveries at its Tuna Block offshore Indonesia following a successful appraisal drilling campaign after good flow rates were recorded.
China officially told the Indonesian government to stop appraisal drilling at Harbour Energy’s (LON:HBR) Tuna Block offshore Indonesia in maritime territory that both nations view as their own during a months-long standoff in the South China Sea, reported Reuters.
Harbour Energy (LON:HBR) and its Russian partner Zarubezhneft have successfully completed their appraisal drilling campaign at the Tuna Block in the Natuna Sea offshore Indonesia with positive results at both wells.
Chinese law enforcement vessels remain active at Harbour Energy’s (LON:HBR) Tuna Block in the Natuna Sea within Indonesia’s exclusive economic zone (EEZ), according to the latest analysis by Asia Maritime Transparency Initiative (AMTI). Their presence underscores Beijing’s assertion that it has territorial rights in this area of the South China Sea.
Jakarta is preparing to bolster its maritime security defences in the Natuna Sea, which is rich in fisheries and natural gas, after increasing incursions by Chinese vessels within Indonesia’s exclusive economic zone (EEZ). The news should provide some comfort to upstream oil and gas investors operating in the Natuna Sea.
Harbour Energy (LON:HBR) and its partner Zarubezhneft have successfully completed their first appraisal well in the Tuna Block in the Natuna Sea offshore Indonesia despite reports that Chinese vessels had been meddling in the area.
Indonesia has sent a naval ship to tail a Chinese survey vessel that has been operating close to Harbour Energy’s Tuna Block in the Natuna Sea within Indonesia’s exclusive economic zone (EEZ).
A Chinese ship has been meddling with Harbour Energy’s ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russia’s state-backed Zarubezhneft and the incident underscores the fact that Moscow’s energy interests in the South China Sea are increasingly being threatened by China.
Russian state oil and gas producer Zarubezhneft aims to create a new gas cluster with assets in Vietnam and Indonesia following recent deals involving Premier Oil and Rosneft.
Turkey has increased the amount of gas it believes to lie in the Tuna discovery by 85 billion cubic metres.