INDONESIA HAS CLAIMS
TOGY wrote, Indonesia will increase exploration work in the area surrounding the Natuna Islands, located in the contested waters of the South China Sea, the country's president said on Wednesday.
President Joko Widodo's announcement comes a week after a visit to the island chain aboard a navy vessel. Indonesia lays claim to the Natunas and the surrounding waters, which it intends to open up for oil exploration and commercial fishing. The Chinese, through a statement by the Foreign Ministry last Sunday, said the two countries "have overlapping claims for maritime rights and interest."
"Out of 16 blocks around Natuna, only five are producing," Widodo said, adding that the country was aiming to push for fast-track development "so that they enter [the] production stage sooner." The area's East Natuna gasfield is under development by Pertamina, along with partners ExxonMobil, Total and Thailand's PTT Exploration and Production. ConocoPhillips and Chevron are active in the South Natuna Sea Block B but are expected to withdraw from the field.
|June, 20, 13:15:00|
|June, 20, 13:10:00|
|June, 20, 13:05:00|
|June, 20, 13:00:00|
|June, 20, 12:55:00|
|June, 20, 12:50:00|
NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.
PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country?s National Oil Corp. said Tuesday.
PLATTS - Venezuela's crude output averaged 1.36 million b/d in May, down from 1.41 million b/d in April, and 1.9 million b/d in May 2017, according to S&P Global Platts. The International Energy Agency said it could fall to 800,000 b/d or even lower next year.
PLATTS - Nigerian oil has been slow to sell this month as bidders for the country's July-loading heavy and light sweet crudes have been absent from the market. Market participants pegged the amount of unsold Nigerian barrels loading in July at 20 million-34 million barrels, amounting to roughly 40%-75% of what is produced in a month.