Following the issue of a market survey for a jackup for a drilling campaign in Malaysia in April this year, ExxonMobil (EMEPMI) have issued another survey for a development drilling program, listed as TAPR, off Peninsular Malaysia. No other details have been revealed except that this requirement is for a tender assist rig capable of mooring in 215ft water depths and with 3 mud pumps and a top drive specified. Commencement is scheduled for second half of 2018 but no duration has been revealed. The earlier survey had specified a jackup with 400ft leg length with a 2018 or 2019 [...]
Market sources say ExxonMobil has issued a market survey for drilling rig availability for a yet-to-be-defined program off Malaysia. It is understood the rig must be able to drill in water depths around 215', have at least three, 7,500 PSI mud pumps, and a Varco TDS-8 or equivalent top drive. Earlier this year, ExxonMobil issued a similar market survey for a jackup rated for 400' of water with a 70' x 30' cantilever envelope, but it is not known if the most recent survey is for the same program. It is believed work will begin in the second-half of 2018. [...]
The long drawn out story of ExxonMobil’s involvement in the East Natuna Block (sometimes called Natuna D Alpha) which contains one of the world’s largest untapped gas reserves, estimated at 46Tcf may be coming to an end. The US giant has stated that after conducting a technology and market review, it is withdrawing from the development of the field as it has concluded that it is uneconomical under the current terms. The field, discovered in the 1970’s, is in 150m water depths but has a 70% carbon dioxide content and development costs have been projected as being as high as [...]
Petronas’ proposed sale of up to a 49% stake in the SK316 gas project offshore Sarawak has now moved into the second round with at least six bidders, including Shell, ExxonMobil, Total, PTTEP and Japanese companies, said to be interested in the stake which has an estimated value of $1bn. Petronas is seeking a partner that can bring the capabilities and technology to explore, develop and efficiently operate the various fields and opportunities in the Block. The sale of a stake in the block has been opposed by the opposition party in Sarawak, supporters of the Prime Minister suggesting the [...]
Woodside has updated investors on its potential developments offshore Australia. For the Browse field a concept selection is expected by the second half of this year and a FEED in 2019 with sanctioning in 2020 although start up is not expected until 2025. Woodside’s partner in the Scarborough field, ExxonMobil, is targeting project sanctioning by end 2020 with the lead concept at present being an FLNG solution. It is known that Sevan Marine is working with Exx-onMobil and this may be for the Scarborough field although other concepts are still being considered.