Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 10

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 10

3/17/2008 1:31:50 PM

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 10

Newsletter Volume 06 Issue 10

Asia & Middle East Highlights

SAGA Oil acquires new large oil & gas field in Russia
SAGA Oil has purchased the 637 square kilometer Kudryashovsky license in the Orenburg region in Russia. The license has preliminary extractable reserves of 60.8 million BOE, confirmed by the Russian state. The price for the license is USD 10.5 million. More...

Essar E&P awards an offshore block in Vietnam
Essar Exploration & Production Limited (EEPL) has been awarded an offshore block in Vietnam’s prolific Song Hong basin. Admeasuring approximately 5925 sq km, the block was awarded under a recent licensing round where 7 offshore blocks were on offer. More...

Aabar subsidiary farms out 20% interest in 3 offshore Thai exploration concessions
Aabar Energy PJSC announced that its wholly owned subsidiary Pearl Energy Limited has entered into a farm-out arrangement with Horizon Oil Limited to transfer 20% participating interest in three exploration concessions offshore in the Gulf of Thailand. More...

Dana Gas and Emarat Sign Joint Venture Agreement for Hamriyah Gas Pipeline Project
Dana Gas and Emirates General Petroleum Corporation, have agreed to form a joint venture to own, manage and operate the Middle East first common user gas pipeline, which will be completed in March this year. More...

Africa Highlights @ GulfOilandGas

SOCO Entered into a Farm-Out Agreement in Marine XI, Offshore Congo
SOCO International announced that its subsidiary, SOCO Exploration and Production Congo S.A., has entered into a farm-out agreement where in it has agreed to farm-out 8.5% of its interest in the Marine XI Block, offshore Congo, to Petrovietnam Exploration Production Corporation Ltd. More...

Total Announces Launch of Anguille Field Redevelopment in Gabon
Total subsidiary Total Gabon has begun redeveloping the Anguille Field in Gabon. Anguille is located 20 kilometres offshore Port-Gentil, in a water depth of 30 metres in the Grand Anguille Marine concession. More...

Events @ GulfOilandGas

Global Refining Summit 2008
Join us in Barcelona for Global Refining 2008 – the annual ‘must attend’ conference and networking event that brings together refinery operators from the world’s leading oil and gas companies.

TOG 2008
The Technology of Oil and Gas Forum and Exhibition (TOG), is the only established oil and gas event to take place in Libya on a regular basis. Since 2002, TOG has been a firm fixture in the worldwide energy calendar and is held biennially.

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Oil Market @ GulfOilandGas

Oil Trade - Feb 08
OECD crude oil imports remained relatively steady in December with a slight decline of 0.4% compared to the previous month according to estimated data. Fluctuations in imports were widespread with the largest percentage increases coming from Finland, Japan and Italy, while the largest drops took place in the UK, Denmark and Germany. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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Gulf Oil and Gas Newsletters 2008

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