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December 12, 2006

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Judy Maksoud, International Editor
Judy Maksoud
International Editor

:: Genting hits oil in Natuna Sea
Malaysia's Genting Oil and Gas Pte. Ltd. has discovered oil in the offshore Northwest Natuna field, according to Priyono, the director general for upstream commercial oil and gas development at the Energy and Mineral Resources Ministry in Jakarta.

:: SPC exploration well hits gas offshore Vietnam
Singapore Petroleum Co. Ltd. has tested natural gas and condensate over two sand intervals with the Thai Binh-1X exploration well in blocks 102 and 106 in the Song Hong basin offshore Vietnam.

:: Premier hits oil offshore Vietnam
Premier Oil has hit oil with the Blackbird discovery well (12E-CS-1X) on block 12E in the Nam Con Son basin 400 km (249 mi) southeast of Ho Chi Minh City, Vietnam. The 12E block is near the boundary with Indonesia and has very similar geology to the West Natuna Sea area, 300 km (186 mi) to the southwest, where Premier operates part of the West Natuna Gas Project delivering gas to Singapore.

:: Harriet JV spuds South Gibson-1
The Harriet Joint Venture partners have begun drilling the South Gibson-1 exploration well in the Carnarvon basin offshore Western Australia.

:: Niko well reaches TD offshore India
Niko Resources Ltd.has reached the targeted depth on well MB-1 in the D6 block offshore India.

:: AWE starts Taranaki drilling program
AWE Ltd's (Australian Worldwide Exploration) eight well, continuous offshore drilling campaign in New Zealand's Taranaki basin is set to start with the drilling rig Ocean Patriot now on tow for the first well site.

:: ExxonMobil enters farm-in agreement offshore The Philippines
Exxon Mobil Corp. subsidiary, Esso Exploration International Ltd. and Mitra Energy Ltd. have agreed to explore for hydrocarbons in the deepwater Sandakan basin southwest of the Philippine Islands.

:: Origin wins second Canterbury permit
Origin Energy has won its second large offshore Canterbury basin petroleum exploration permit offshore New Zealand.

:: Petronas to take interest in Cairn India
The Malaysian national oil corporation, Petronas, has subscribed for 176.5 million shares or 10% of the post-IPO share capital of Cairn India Ltd.

:: ConocoPhillips meets with success with Barossa-1
ConocoPhillips has hit gas with the Barossa-1 exploration well in the NT/P69 license offshore Northern Territory, Australia, 295 km (183 mi) northwest of Darwin.

:: Shell launches deepwater Malaysia field
Shell Malaysia recently launched its billion-dollar Gumusut-Kakap FPS project in deepwater block K, offshore Sabah, Malaysia. Malaysia Marine Heavy Engineering (MMHE) Sdn Bhd. won the award for the main floating, production, and storage platform contracts.

:: Korea launches operation offshore Vietnam
Korea National Oil Co. and PetroVietnam have begun gas production from the Rong Doi gas field in the Indian Ocean southeast of Vietnam.

:: Keppel lands another jackup contract
Keppel Offshore & Marine Ltd. subsidiary Keppel FELS Ltd. has secured a $371-million contract to build the first KFELS N Class jackup rig for ProdJack AS, a member of the Skeie Group.

:: Yantai Raffles to build jackup
Singapore-owned Yantai Raffles Shipyard Ltd. has secured a contract from Abu Dhabi-based Uni-Arab Holdings to build a jackup drilling rig.

:: Jurong Shipyard receives jackup barge LOI
Saudi Aramco has awarded Jurong Shipyard a letter of award for the design, construction, and delivery of a self-elevating, heavy-lift jackup barge to be delivered in 1Q 2010. The contract value is $180 million.



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