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   Middle East Oil & Gas News

CGGVeritas Announces Award for Ultra High-Density Land Seismic Contract
Qatar >> 8/26/2008 - CGGVeritas awarded a contract by Qatar Petroleum to undertake a large, ultra high-density high-resolution onshore seismic survey. The expected value of the contract is approximately $140 million dolla...

Samsung Engineering Awarded 314 million USD Bahrain oil refinery order
Bahrain >> 8/20/2008 - Samsung Engineering awarded a 314 million USD oil refinery order from Bahrain's National oil company, Bapco (The Bahrain Petroleum Company), Nogaholding and Finland's Neste Oil Oyj joint venture under...

Tethys Oil Announces Jas 2 Drilling Successfully Completed
Oman >> 8/20/2008 - The drilling of the JAS-2 well on Block 15 onshore Oman has finished and the well has reached a total measured depth of 4,018 metres. A horizontal section of 927 metres has been drilled in the reservo...

Scorpion Offshore Receives Letter of Commitment for Offshore Freedom
Saudi Arabia >> 8/20/2008 - Scorpion International, through its Saudi Arabian venture partner, Odfjell Drilling Services LLC, received a letter of commitment for the Offshore Freedom for operations in the Arabian Gulf beginning ...

Dana Gas Achieves Revenue of AED 581 million in First Half
United Arab Emirates >> 8/14/2008 - Dana Gas announced quarterly results to June 30, 2008, posting revenue from oil and gas production of AED 309 million, a 28 percent increase over the same period last year. EBITDA (Earnings before Int...

Otto Energy awards two contracts in Turkey
Turkey >> 8/13/2008 - Otto Energy and its joint venture partners awarded two contracts for the design and engineering of a gas processing plant and pipeline for the development of the Edirne gas fields in Western Turkey.. ...

TAQA Second Quarter and First Half 2008 Financial Results
United Arab Emirates >> 8/7/2008 - Key highlights of the results for the first six months of 2008:
Net profit (after minority interests) for the first six months of 2008 grew 249% to AED 869 million, compared with AED 249 m...


Sabic Exceeds All Records Reporting 14.5 Billion Saudi Riyal Profit For First Half 2008
Saudi Arabia >> 7/19/2008 - The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 billion for the first six months ending June 30, 2008 compared with SR 12.8 billion in the same ...


   Africa Oil & Gas News

Lundin Petroleum Commences Exploration Drilling of Muny Deng-1 in Block 5B, Sudan
Sudan >> 8/28/2008 - Lundin Petroleum announced that exploration well Muny Deng-1 (formerly Pabuong-1) spudded in Block 5B, Sudan. The well is located in the swamp area of the block, close to the river Nile, in the centra...

Bowleven Announces Test result update on IF-1r discovery
Cameroon >> 8/26/2008 - Bowleven announced that it has completed a successful initial drill stem test (DST) on the IF-1r discovery. The initial test perforated 56 feet of formation with the previously identified 200 feet oil...

CSL Awarded First Subsea Support Project in Egypt
Egypt >> 8/26/2008 - CSL is delivering its first subsea operations support project in Egypt on Burullus Gas Company’s (Burullus) Simian field, 114km offshore Idku. CSL has been contracted by sister company, DOF Egypt, to ...

Vanco and Lukoil Secure Drilling Unit for Ghana Deepwater Drilling
Ghana >> 8/26/2008 - Vanco Ghana Ltd, together with partner Lukoil Overseas Ghana Ltd, completed contractual arrangements for the Aban Abraham drillship to drill the Dzata-1 well, which will be the first exploration test ...

Candax Spuds Ezzaouia 18 Well Onshore Tunisia
Tunisia >> 8/22/2008 - Candax Energy announced that Ezzaouia 18 well (31.4% WI), onshore Tunisia was spudded yesterday. The well is targeting an area in the western side of the Ezzaouia field which based on the reservoir ma...

Tethys Oil Announced Drilling Rig Signed For Exploration Well Onshore Morocco
Morocco >> 8/20/2008 - A drilling rig contract for the drilling of an exploration well on the Bouanane licence onshore Morocco has been entered into by the operator Dana Petroleum on behalf of the partner group including Te...

TransGlobe Acquires Additional Interest in West Gharib Properties
Egypt >> 8/18/2008 - TransGlobe Energy Corporation completed the acquisition of an additional 25 percent in certain leases on its West Gharib (Arab Republic of Egypt) properties from its partner, a private company registe...

Eurogas Provides Update on Ras El Besh 3 Well, Tunisia
Tunisia >> 8/18/2008 - Eurogas Corporation and Eurogas International announced that the Ras El Besh 3 well (REB3) on the Sfax Offshore Permit in Tunisia reached total depth of 2204 meters. Well logs and formation pressure t...

PA Resources Farm-In To Tunisia Exploration Licence
Tunisia >> 8/15/2008 - PA Resources farmed-in to a 35 percent working interest in the onshore exploration permit Jenein Centre in southern Tunisia under an agreement with the Canadian oil and gas company Storm Ventures Inte...

First oil for Saxi & Batuque off Angola
Angola >> 8/13/2008 - The Saxi and Batuque fields, part of the ExxonMobil operated Kizomba C development project in Block 15 offshore Angola, started production. StatoilHydro holds a 13.33% stake in Block 15. Saxi and Batu...

Production Begins at ExxonMobil Angola Developments
Angola >> 8/13/2008 - Exxon Mobil Corporation announced that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), started production from the Saxi and Batuque fields as part of the development progress...

Eni announces the production start up from Saxi and Batuque fields in Angola
Angola >> 8/13/2008 - Eni announced the production start up from the Saxi and Batuque fields, located in deep water some 145 km off the coast of Angola as part of the development of the Kizomba C Project. The Kizomba C Pro...

Agrium reaches agreement on Egyptian nitrogen facility
Egypt >> 8/11/2008 - Agrium entered into an agreement with MISR Oil Processing Company of Egypt, whereby Mopco will acquire the EAgrium project, and EAgrium shareholders will obtain an equity interest in the combined enti...

Modec Secures Award for the First FPSO Offshore Ghana
Ghana >> 8/11/2008 - Modec announced that it has reached an agreement with the Jubilee Field Partners and Tullow Ghana (Unit Operator) to provide and operate the first FPSO to be installed on the Jubilee Field offshore Gh...

Awilco Offshore awarded Letter of Intent for operation offshore Libya
Libya >> 8/11/2008 - Awilco Offshore through Premium Drilling has received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jack-up drillin...

Petrofac Commences Production from Chergui
Tunisia >> 8/11/2008 - Petrofac announced that commercial production of gas and condensate has begun from the Chergui field located on Kerkennah Island in Tunisia. Petrofac Energy Developments is the operator and has a 45% ...

Minister of Petroleum Signs an Oil Exploration and Production Agreement in the South Valley
Egypt >> 8/6/2008 - On 6/8/2008, Eng. Sameh Fahmi, Minister of Petroleum signed an oil exploration and production agreement between Ganoub Al Wadi Petroleum Holding Co. ( Ganope ) and the Syrian Anwar El Akad Sons Corp. ...

Petrofac Secures Further Gas Plant Project in Egypt
Egypt >> 8/1/2008 - Petrofac has secured a further award from Khalda Petroleum Company (KPC). The contract, to provide engineering and procurement (EP) services for an additional gas train should convert to a lump-sum en...

Apache's Heqet-2 Well Producing 2,100 Barrels of Oil Per Day in Greater Khalda Area in Egypt
Egypt >> 7/30/2008 - Apache Corporation reported that the Heqet-2 appraisal well in Egypt's Greater Khalda area is producing approximately 2,100 barrels of oil per day from the Jurassic Safa formation. Apache also said th...

VetcoGray Completes Project In Egypt's Gulf Of Suez, Converting Exploration Well To Full Production
Egypt >> 7/30/2008 - VetcoGray, a GE Oil & Gas business, applied its latest technology to overcome unique challenges, reduce project costs and risks, and successfully convert an exploration well to full production service...

BP Starts Production from Taurt
Egypt >> 7/28/2008 - BP Egypt announced that gas production from the Taurt field started at the beginning of July. The Taurt field is located in Ras El Bar concession, 70 kilometres offshore in the northeast of Port Said,...


   Asia Oil & Gas News

Premier oil Provides Drilling Update in Vietnam
Vietnam >> 8/28/2008 - The Chim Cong well on Block 12W in Vietnam has been drilled into the basement to a total depth of 2,964 metres, resulting in an oil discovery. Wireline logging indicated that 7 metres of net oil pay w...

CNOOC Announces its Record-breaking 1H Result
China >> 8/27/2008 - CNOOC Limited announced that benefiting from both of the favorable oil price environment and its solid operational performance, in the first half of 2008, the Company’s oil and gas sales increased 63....

Soco Announces Successful Vietnam Appraisal Well
Vietnam >> 8/27/2008 - SOCO Vietnam Ltd., announced that the Te Giac Trang appraisal well, the TGT-7X on Block 16-1 in the Cuu Long Basin offshore Vietnam, flowed at a combined maximum rate of approximately 8,100 barrels of...

ONGC Videsh reaches an agreement with Imperial Energy for Purchase of shares
India >> 8/26/2008 - ONGC Videsh Ltd. (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), announced that OVL and Imperial Energy Corporation have reached an agreement on the terms of recomme...

Indus Gas Provides Update of Operations in India
India >> 8/22/2008 - Indus Gas Limited announced the spudding of the SSG-1 well in Block RJ-ON/6 in the mid Indus basin, India. Based on 2D seismic, the SSG-1 well has a planned terminal depth of 3,500m and will initially...

Vantage Drilling Company Announces Contract Award for Ultra-Premium Jackup Emerald Driller
Singapore >> 8/22/2008 - Vantage Drilling Company announced that its ultra-premium jackup rig, the Emerald Driller awarded a two year contract to operate in Southeast Asia. The contract is expected to commence early February ...

PTTEP Inked MOU on FLNG Alliance with Golar LNG
Thailand >> 8/14/2008 - PTTEP signed the Memorandum of Understanding (MOU) with Golar LNG Limited to collaboratively develop Floating Liquefaction Natural Gas production (FLNG) globally. This collaboration starts the new PTT...

CNOOC Made New Discovery BZ 29-5 in China
China >> 8/12/2008 - CNOOC Limited announced that the company had acquired a new oil and gas discovery named Bozhong(BZ) 29-5 in the Yellow River Mouth Sag of Bohai Bay, which represents another new progress of the compan...

The refining base of Dalian Petrochemical becomes operational
China >> 8/12/2008 - On August 7, 2008 the last newly-built unit-hydrocracking unit of the refining base at Dalian Petrochemical, was successfully started up at the first try. This represented that China's largest refinin...

Transeuro Provides Ukraine Update
Ukraine >> 8/12/2008 - Transeuro Energy provides an update on its activities in Ukraine. On the Karlavskoye 101 well the Company has drilled to the section TD at 3,553.5m, with a number of gas kicks being successfully contr...

RXT awards contract in the Caspian Sea
Russia >> 8/11/2008 - The seismic company Reservoir Exploration Technology (RXT) awarded a contract for acquisition of 3D ocean bottom seismic (OBC) data for CentrCaspneftegas LLP in the Caspian Sea. Under the contract, RX...

Volga Gas Announces First Production from Uzenskaya Well
Russia >> 12/5/2007 - Volga Gas Plc announced that oil production has commenced from Uzenskaya £1 and first revenues have been received. The Company has structured an agreement to sell all its oil production at its surface...


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