Page 14: of Offshore Engineer Magazine (Jan/Feb 2014)

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company will contribute to consumers in Georgia, Turkey, to buy Hess’ assets offshore submitted bids for the oil and the research and educational Greece, Bulgaria and Italy. Indonesia for US 1.3 billion. gas blocks by the deadline.

activities of the Skolkovo The companies will gain 75%

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Prelude foat out NZ awards fve

Foundation. stake in Pangkah feld and new offshore permits

Shell’s Prelude foating 23% in the Natuna Sea A

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Shah Deniz liquefed natural gas (FLNG) feld. The Pangkah transaction The government of New proceeds to stage 2 facility foated out of the dry will be fnalized in Q1 2014, Zealand awarded fve permits

The Shah Deniz gas feld dock at Geoje, South Korea’s and the Natuna Sea A transac- for offshore oil and gas explo- consortium in Azerbaijan will Samsung Heavy Industries tion will close by the end of ration in Block Offer 2013. proceed with stage 2 devel- yard, where the facility is 2013. Australia’s Woodside Energy opment of the Caspian Sea currently under construction. Holdings and New Zealand

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Few bidders feld, opening its sources to Upon completion, Prelude Oil and Gas were jointly offshore Myanmar

Europe. Stage 2 includes off- FLNG will be the largest-ever awarded two offshore permits shore drilling and completion foating facility, and is set Twenty-one companies have - one in the Taranaki region, of 26 subsea wells, the con- to produce approximately dropped out of the fnal cycle the country’s only petroleum- struction of two bridge-linked 3.6MM tonnes of liquefed of bidding in the Myanmar producing area, and another platforms, and new onshore natural gas (LNG) annually. offshore license round. The off the southern tip off the processing and compression Prelude FLNG is the frst licensing round offers 30 South Island. New Zealand facilities at Sangachal. This deployment of Shell’s FLNG offshore areas, including Oil & Gas also received one decision triggers the expan- technology and will oper- 19 deepwater blocks. These offshore Great South Basin sion of the South Caucasus ate in a remote basin around blocks are predominantly in South-Canterbury permit

Pipeline, as well as the 475km northeast of Broome, the Rakhine Offshore Area on its own. New Zealand construction of the Trans Western Australia for around (12 blocks), followed by Octanex received a permit to

Anatolian Gas and Trans 25 years. Tanintharyi (4 blocks), and explore off Taranaki. Norway’s

Adriatic Pipelines. First gas Moattam (3 blocks). Myanmar Statoil Lambda Netherlands

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Hess sells is targeted for late 2018, and reported that 79 companies BV was given a permit to

Indonesian assets yearly production is estimated participated in the frst stage, explore off the northwest at 16billion cu m gas, car- PTTEP and Pertamina agreed declaring their interest by coast of the North Island: ried approximately 3500km to form a 50:50 joint venture 14 June. Only 40 companies Reinga-Northland.

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