Posts Tagged ‘papua’

Niko provides exploration update

by on November 12, 2012 5:37 am BST
Niko provides exploration updateNiko Resources, along with partner Zaratex announces the Jayarani 1 well, located in the Lhokseumawe PSC offshore Aceh western Indonesia, has reached TD at a depth of 11,537. The well penetrated the pre drill geologic objectives of Oligo Miocene Peutu and Cunda carbonates, but no commercial reservoir was encountered.

Tangguh LNG train shut down

by on November 12, 2012 3:46 am BST
"During the restart process for Train 1 on Tuesday, November 6, an overheating problem was found that caused a fire in the Train 2 refrigerant unit, forcing Train 2 to be shut down," Reuters quoted a statement from BPMigas as saying on Sunday.It said the fire had been put out immediately and

UPDATE 1-Exxon’s PNG LNG project cost balloon to $19 bln

by on November 11, 2012 10:45 pm BST
Sun Nov 11, 2012 5:45pm EST * Forex, work stoppages fuel 21 pct jump in project cost * First LNG shipments still expected in 2014* Forecast capacity increased 5 pct to 6.9 mln t/yrSYDNEY, Nov 12 (Reuters) - The cost of Exxon Mobil's massive gas export project in Papua New Guinea will soar more than 20 percent

Niko fails again off Indonesia

by on November 9, 2012 3:19 pm BST
The Canadian independent reached total depth of 11,537 feet at the Jayarani-1 well on the Lhoksenmawe licence.However, despite penetrating the Oligo-Miocene Puetu and Cunda carbonate objectives, no commercial reservoirs were found.Shares plunged over 17% in early trading in Toronto on Friday on news of the duster.Niko has