Santos to Boost Exploration of LNG and Oil Potential

Thursday, January 26, 2006
Santos Ltd said it plans to boost its expenditure on exploration to $169.3 million in 2006, from $140.6 million last year, focusing on liquefied natural gas and oil potential in a 25-well high-impact exploration program, Forbes reported. The program reflects the widening geographical nature of its exploration portfolio.17 of the 25 wildcat wells will be drilled outside of Australia, including eight wells in the company's core Indonesian area and two in its emerging Timor-Bonaparte region between Australia and East Timor. Seven wells will be drilled in new areas of interest including three in Egypt and four in the shallow waters of the Gulf of Mexico. In Australia, two wells will be drilled in the Carnarvon basin offshore Western Australia, one well in Queensland's Bowen Basin, two in the Otway Basin off the coast of the state of Victoria and three wells in the onshore Cooper Basin in central Australia. (Source: Forbes)
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural

GasLog Partners To Buy Three Vessels

GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities

GTT Records Order for 2 LNG Tankers

GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay   GTT, a designer of membrane containment systems for the maritime transportation

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0724 sec (14 req/sec)