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Asian Shallow Water

 

The Philippines: Shell to Sell Malampaya Field Stake to Udenna for up to $460M

May 20, 2021

Oil and gas giant Shell has struck a deal to sell its subsidiary Shell Philippines Exploration B.V. (SPEX) to Udenna Corp's subsidiary Malampaya Energy XP.SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field. The base consideration for the sale is US$380 million, with additional payments of up to US$80 million between 2022 to 2024 contingent on asset performance and commodity prices…

Valaris Clinches Jack-up Rig Deal in Saudi Arabia

Jul 07, 2021

Offshore drilling firm Valaris has won a contract extension with Aramco in Saudi Arabia for one of its standard-duty modern jackup drilling rigs.The Saudi national oil company has elected to extend the charter of the VALARIS JU-140 jack-up by 183 days…

CNOOC Starts Production from Weizhou 11-2 Phase 2

Jun 28, 2021

Chinese oil company CNOOC said Monday it had kicked off production from Weizhou 11-2 oilfield phase II project.The Weizhou 11-2 oilfield phase II project is situated in the South China Sea's Beibu Gulf, at a water depth of around 40 meters.'In…

Timor Leste: Santos Kicks Off Bayu Undan Infill Drilling

May 25, 2021

Australian oil and gas company Santos has started Phase 3C infill drilling program at the Bayu-Undan field, offshore Timor-Leste.Under the $235 million drilling program, sanctioned in January, Santos will drill three production wells and will develop additional natural gas and liquids reserves…

PTTEP Makes Another Gas Discovery Offshore Malaysia

May 19, 2021

Thai oil company PTTEP has made another gas discovery offshore Malaysia, this time at the exploration well, Kulintang-1, its first drilled in the Block SK438, located around 230 kilometers off the coast of Miri, Sarawak.The company has been…

Aban Offshore Resumes Jack-up Rig Ops after Suspension Due to Virus Outbreak

May 13, 2021

Indian offshore drilling rig owner Aban Offshore has resumed operations at its Aban IV jack-up drilling rig following a suspension due to a Covid-19 outbreak.Aban Offshore had suspended operations on the 1983-built, 2011-refurbished offshore drilling rig in the first week of May…

Carnarvon: Buffalo Drilling Rig Tender Nears Completion. Spud Date Set for Q4

May 11, 2021

The tender process for an offshore drilling rig to be used for the drilling of Carnarvon Petroleum's and Advance Energy's Buffalo offshore well in the Timor Sea is nearing completion, and the spud date is scheduled for the fourth quarter of 2021…

Jindal Bags 3-Year Jack-Up Rig Charter with ONGC

May 07, 2021

Indian oil and gas company ONGC has chartered a jack-up drilling rig from the Indian offshore drilling contractor Jindal Drilling & Industries.Jindal said this week that the ONGC had sent a letter of award for the charter hire of the jack-up drilling unit Jindal Explorer…

Saudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up Rig

May 06, 2021

Oslo-listed offshore drilling contractor Shelf Drilling has secured a ten-year contract extension for the High Island IX jack-up rig.The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia…

Shelf Drilling Nets 3-year Drilling Rig Contract in India

May 05, 2021

Jack-up drilling rig contractor Shelf Drilling has secured a contract in India for its Trident XII jack-up drilling unit. The contract is with the Indian oil company ONGC. Under the three-year contract, the Trident XII drilling rig will be used…

Offshore Incident: Velesto's Jack-Up Rig Tilts, Submerges Off Sarawak, Malaysia

May 04, 2021

A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said.'The Board of Directors of Velesto Energy Berhad [...] regrets to inform that an incident involving one of our rigs…

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Apr 08, 2021

Oil major Shell has awarded an offshore drilling contract to Malaysian drilling company Velesto, for operations offshore Malaysia.Velesto will, for Shell's subsidiaries Sabah Shell Petroleum (based in Miri, Malaysia) and Sarawk Shell (in Kota Kinabalu…

PTTEP Discovers Oil and Gas at Sirung-1 Well, Offshore Malaysia

Mar 30, 2021

Thai oil and gas company PTTEP has made an oil and gas discovery from the first exploration well, Sirung-1, in Block SK405B, off the coast of Sarawak, offshore Malaysia.Phongsthorn Thavisin, PTTEP Chief Executive Officer, disclosed that PTTEP…

Borr Drilling Wins New Rig Contracts, Extensions Worth $48M

Mar 24, 2021

Shallow water drilling rig contractor Borr Drilling said Wednesday it had entered into agreements potentially adding a total of $48 million over approximately 590 days to its rig contract backlog.For the jack-up rig 'Natt' Borr Drilling has…

CNOOC Starts Production from Caofeidian 6-4 Offshore Oil Field

Mar 15, 2021

China's CNOOC on Monday said it had started production from the Caofeidian 6-4 offshore oil field in the Bohai bay, China.The Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with an average water depth of about 20 meters. 'In addition…

Current News

PHOTO: Offshore Wind Blade for MingYang's 11MW Turbine Rolls of Production Line

PHOTO: Offshore Wind Blade for MingYang's 11MW Turbine Rolls of Production Line

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Pharos Wraps Seismic Survey Off Vietnam. Eyes Drilling Partner

Pharos Wraps Seismic Survey Off Vietnam. Eyes Drilling Partner

Kent Acquires Majority of SNC-Lavalin's Oil and Gas Business

Kent Acquires Majority of SNC-Lavalin's Oil and Gas Business

Singapore LNG Wants to Extract Chemicals from LNG

Singapore LNG Wants to Extract Chemicals from LNG

Siem Offshore's Anchor Handler Secures Charter Extension in Australia

Siem Offshore's Anchor Handler Secures Charter Extension in Australia

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

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