Madeleine Slatford, Middle East/South Asia Editor, NVentures Ltd
Bangladesh is geologically well positioned to pursue a strategy fuelled by natural gas, but the international Covid situation is causing continued delays; namely to the 2020 licensing round. This Hot Spot is brought to you in association with NVentures.
The Autoridade Nacional do Petróleo e Minerais Timor-Leste (ANPM) has invested in the latest data room technology to support ongoing 2nd Licensing Round and future oil and gas exploration in Timor-Leste.
John Mark Bautista, Philippines Department of Energy
Although the Philippines remains very much underexplored, working petroleum systems, proven hydrocarbon accumulations and an energy hungry economy suggest a promising future for oil and gas exploration and production in the region.
According to the environmental website CarbonBrief, India’s CO2 emissions have fallen year-on-year for the first time in 40 years, showing a drop of about 1% in the fiscal year ending in March 2020.
New high quality 2D seismic datasets and a regional prospectivity study bring greater understanding of the distribution and extent of prospective hydrocarbon plays throughout the Banda Arc.
South East Asian oil and gas explorers started 2020 with new licensing rounds and extensive exploration drilling and seismic programmes planned but the current economically challenging conditions created by Covid-19 is likely to extend, delay or temporarily suspend these activities.
Korean company Posco International has discovered a new gas field in Myanmar with exploration well Mahar-1, located in offshore Block A3 in the Rakhine Basin.
In October 2019 the Democratic Republic of Timor-Leste (East Timor) launched the county’s second licensing round, releasing a total of 18 new blocks for public tender, covering a large percentage of the total on and offshore area of the country.
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