So far, the increase in oil price has not brought back the level of confidence to M&A activity that was expected, which is very apparent when looking at exploration opportunities in the Asia-Pacific region.
20 years after the discovery well, Eni has drilled a successful appraisal to the Maha gas field in the mature Mahakam Delta within the Kutei Basin, offshore Indonesia.
A 2013 US EIA study estimated China held the world’s largest shale gas resources at over 1,160 Tcf. However, due to high exploration and production costs the sector has not met its growth expectations.
PTTEP announced in May its offshore Sirung-1 exploration well as an oil and gas discovery, intersecting a column of more than 100m in Miocene clastic reservoirs, in the shallow waters off the coast of Sarawak.
At, a virtual event held on 26 February 2021, with over 250 potential and existing investors, PETRONAS successfully launched the annual Malaysia Bid Round (MBR) 2021, with a total of 13 offshore exploration blocks on offer.
Max Webb, South East Asia Research Group, Royal Holloway, University of London
Geological fieldwork is important to help us gain a better understanding of the hydrocarbon development and potential productivity of the offshore Natuna basins of the South China Sea.
This website uses cookies to ensure you get the best experience on our website. You can configure cookie settings using the link on this message. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the GEO ExPro website.
