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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

ABS to Class the World's First CNG Ship

ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0631 sec (16 req/sec)