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Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed
Tuesday, July 05, 2016Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby, sources say.

Petrobras' Indian Partners Fight Delay In Troubled Brazil Oil Project
Monday, July 04, 2016Petrobras warns its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources.

India's Videocon Considers Divesting Upstream Assets to Repay Debts
Monday, June 13, 2016India's Videocon Industries explores option of divesting its upstream assets to repay debts amid recent gains in global oil prices.

Timor-Leste Issues Termination Notice for PSC JPDA 06-103
Thursday, July 16, 2015Timor-Leste's Autoridade Nacional do Petroleo issues a notice of termination to Oilex for PSC JPDA 06-103, located in the Timor Sea, which is effective immediately.

Petrobras and Indian Partners Find More Oil in Brazil
Friday, January 09, 2015Petrobras and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil's Northeast coast.

CEO: Petrobras, IBV Brasil Offshore Oil Find 'Beautiful'
Monday, September 30, 2013Petrobras and its Indian partners have made a "beautiful" oil discovery off Brazil's northeast coast and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's chief executive says.

Petrobras CEO Sees 100,000 bpd from Sergipe Area by 2018
Friday, September 27, 2013Brazil's state-run oil company Petrobras will produce 100,000 barrels a day from its offshore Sergipe prospects by 2018, Chief Executive Maria das Graças Foster said about one of the company's most promising new discoveries.

Oilex Sidetracks Timor Sea Well
Monday, January 04, 2010Oilex Ltd advised Monday that delays have been experienced with running of 9" casing above the primary objective Elang/Plover Formation sandstones in the Lolotoe-1 well.

Anadarko Extends Pre-Salt Wahoo Discovery
Monday, November 23, 2009The Wahoo North appraisal well in the Campos Basin has encountered more than 90 feet of high-quality net oil pay in the same pre-salt interval as the original Wahoo discovery.

Oilex Prepares Al Jumd Testing Program in Block 56
Wednesday, February 25, 2009Oilex has advised that preparations for the Al Jumd-1 testing program are being finalized and operations are planned to commence on February 26, with the initial flow period planned to be completed around March 6-8.

Oilex Completes Drilling in Oman's Block 56 with Encouraging Results
Wednesday, January 14, 2009Oilex's 4-well drilling program in Oman's Block 56 has been successfully completed with encouraging results from 3 wells, which have confirmed the oil potential of the Eastern Flank Salt Basin in the block.

Oilex Drills Extra 200 Meters of Horizontal Oil Pay at Oman's Sarha-2
Monday, October 13, 2008The Sarha-2 well in Block 56, Oman, has completed drilling a horizontal well in the Sarha Field to a measured depth of 2,138 meters, giving an horizontal intersection of approximately 700 meters in the Al Khlata reservoir.

Multiple Oil Finds Continue String of Success in Brazil
Wednesday, October 01, 2008A series of oil finds reported to Brazil's National Petroleum Agency on Tuesday demonstrated once again the immense promise the country holds for global oil companies.

Anadarko Makes Pre-Salt Discovery at Wahoo Prospect Offshore Brazil
Tuesday, September 30, 2008Anadarko Petroleum Corporation has announced a pre-salt discovery at the Wahoo prospect offshore Brazil in the Campos Basin.

Oilex Continues Drilling, Testing at Sarha, Cambay Wells
Tuesday, September 23, 2008Oilex has advised that drilling and testing operations continue in India and Oman, and has issued an update with information concerning its Sarha and Cambay wells.

Oilex Resumes Drilling Ops in Oman, Continues Development in India
Tuesday, September 09, 2008Oilex issued an operational update for its Sarha-2, Cambay-19Z and Cambay-73 wells. The Company reported that drilling operations have resumed in Oman and drilling and testing continues in India

Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Tuesday, August 12, 2008Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.

Oilex's India, Oman Operations on Schedule
Tuesday, April 29, 2008Oilex advises that the Cambay-23Z well has been completed as a potential gas production well.

Oilex Awards Wavefield Inseis Seismic Work
Wednesday, January 30, 2008Oilex and its joint venture partners in the JPDA 06-103 block recently awarded 3D seismic work to Wavefield Inseis. Located in the Flamingo Basin between East Timor and Australia, the area to be surveyed spans 1,657 square kilometers.

Oilex Discovers Oil Shows with Oman Drilling
Tuesday, January 22, 2008Drilling on the Sarha-1 exploration well has reached TD of 1,890 meters in the Cambrian Huqf Formation. Oil shows and anomalous resistivity values were recorded within the Huqf carbonate sequence below 1,645 meters and will be further evaluated.

Oilex Hits Oil and Gas at Sarha-1 in Oman
Tuesday, January 15, 2008The Sarha-1 exploration well, the first of three exploration wells that will be drilled by Oilex in a continuous sequence in the Block 56 Production Sharing Contract Area, Sultanate of Oman is drilling ahead in 81/2" hole below 1,673 meters.

EnCana to Sell Brazilian Concessions for $165 Million
Thursday, September 13, 2007EnCana has reached an agreement to sell all of its remaining interests in Brazil for cash proceeds of approximately US$165 million, before closing adjustments.

Cairn Wins More Indian Acreage in NELP-VI
Friday, February 09, 2007Cairn India has secured an interest in two new exploration blocks in India - PR-OSN-2004/1 and KK-DWN-2004/1.

Videocon Unit Inks Deal for Timor Sea PSA
Friday, November 17, 2006Videocon Industries has entered into a Production Sharing Contract with Timor Sea Designated Authority for JPDA Block # 06-103 within the Bonaparte Basin.

Oilex Consortium Wins Carnarvon Basin Permit
Friday, August 18, 2006Oilex NL said that it has accepted the offer made by the Commonwealth-Western Australia Offshore Petroleum Joint Authority for the award of permit W05-11 located in the offshore Carnarvon Basin.

Oilex Consortium Wins Block 103 in JPDA
Thursday, August 17, 2006Oilex NL reported that the Timor Sea Designated Authority has announced the award of Block 103 located in the northern part of the Joint Petroleum Development Area to a group of 4 companies led by Oilex.

Seismic Survey Concludes in Offshore Otway
Tuesday, July 25, 2006Great Artesian Oil and Gas Limited said that Oilex N.L., operator of the EPP 27 Joint Venture in the Otway Basin offshore Australia, has completed acquisition of a marine seismic survey totaling approximately 1325 km of 2D seismic data.

Seismic Survey Completed in Otway Basin
Friday, July 21, 2006Bruce McCarthy, managing director of Oilex NL, said that a 2D seismic survey conducted by M.V. Pacific Titan in the Otway Basin permit EPP 27 offshore Australia has been completed.

Oilex Consortium Signs Deal for Block 56 in Oman
Thursday, June 29, 2006An Oilex-led consortium has signed an exploration and production sharing agreement for Block 56 in Oman. Block 56 was the consortium's first choice block and the highest rated of the blocks on offer in the bid round that closed on January 1, 2006.

Great Artesian Finalizes Farmin for EPP 27 Offshore Australia
Wednesday, March 01, 2006Great Artesian Oil and Gas has finalized its farmin agreement for EPP 27, Offshore Otway Basin, involving Oilex.

Videocon to Develop Oil Fields in Jordan
Wednesday, June 22, 2005Videocon Industries is set to sign a preliminary agreement for developing four oil fields in Jordan as part of its plans to invest in oil assets overseas.