BP Exploration Operating Company Limited has achieved a significant milestone by securing the Production Sharing Contract for the coveted NCMA 2 block off Trinidad’s northern coast. The deal, finalized on 19 November 2024, underscores Trinidad and Tobago’s growing appeal as a destination for offshore energy investments. This award is part of the nation’s Shallow Water […]
QatarEnergy has reached a significant agreement to acquire a 20% working interest in the offshore Block 5 production sharing contract in Suriname. This move marks a notable expansion for QatarEnergy into the South American oil market, highlighting its ongoing commitment to exploring new and promising oil basins. Under the terms of the agreement, Chevron Corporation, […]
PC Ketapang II Ltd. (PCK2L), a pivotal subsidiary of Malaysia’s PETRONAS, has successfully secured a Production Sharing Contract (PSC) extension for the Ketapang Contract Area in the Java Sea, which will now continue until 2048. This extension follows the recent approval by the Government of Indonesia through the Ministry of Energy and Mineral Resources, cementing […]