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SapuraKencana Petroleum Berhad completed the share purchase agreement for the acquisition of Newfield International’s entire equity interest in Newfield Malaysia for USD 895.9 million. Following completion of the acquisition, SapuraKencana Energy, a newly incorporated wholly owned upstream subsidiary of SapuraKencana, holds equity interest in eight production sharing contracts and one alliance contract in Peninsular Malaysia, Sabah, and Sarawak.

San Leon and Baker Hughes signed a letter of intent to jointly began the development of the Siekierki gas field 1 in Poland. The companies plan to start gas production from four existing wells. Baker Hughes is expected to provide all funding needed to recomplete and bring the wells into production; its funding may be in the form of cash, in-kind oilfield services, or a combination of both.

New Guinea Energy and its wholly owned subsidiary Kirkland signed an agreement with Barracuda, a subsidiary of Santos, to sell Kirkland’s 50% participating interest in Petroleum Prospecting License 269 in Papua New Guinea. Total maximum consideration for the proposed sale is USD 40 million.

Baytex Energy made an offer to buy Aurora Oil & Gas for USD 2.4 billion. The acquisition would give Baytex access to Aurora’s 22,200 acres of exploration lands and 166.6 million bbl of reserves in the Sugarkane field in south Texas, amid the Eagle Ford play.

MicroSeismic purchased the US assets of Reservoir Imaging. The acquisition includes Geospace equipment, wireline units, and equipment for downhole microseismic data-acquisition services.

Halliburton signed a partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional oil and gas resources in Russia, including the Bazhenov shale. Halliburton will advise Gubkin as well as provide foundation material for Gubkin’s unconventionals curriculum, and work with Gubkin to explore basic applied research opportunities, assist in student projects, and pursue research and development opportunities with Russian industry partners.


Baker Hughes opened its Artificial Lift Research and Technology Center in Claremore, Oklahoma. The USD-60-million facility is an employee-designed center for research, engineering, design, and testing of artificial-lift technologies.

Artificial Lift moved its headquarters to Houston, Texas, from Great Yarmouth, United Kingdom. Forty employees are based at the location—in Houston’s Westchase district—whose office and warehouse space totals 28,000 ft2.

GE Oil & Gas and Chevron Energy and Technology Company announced the creation of the Chevron GE Technology Alliance, whose aim is to develop and commercialize technologies that solve critical oil and gas industry issues. The alliance builds on a current collaboration on flow analysis technology for oil and gas wells and will leverage research and development that emerges from GE’s USD-110-million, 95,000-ft2 Oil & Gas Global Research Center, to be built in Oklahoma City.


Egypt’s oil ministry said Egypt has signed gas and oil exploration deals with Dana Gas, Petroceltic International, and Edison. The deals could bring a possible total investment of USD 265 million for exploration locations in the Gulf of Suez, the Mediterranean Sea, and the Nile Delta.

The AMEC Tekfen Azfen consortium was awarded a contract totaling USD 974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea. The contract covers the fabrication, load out, offshore hookup, and commissioning of the topsides units of the two Stage 2 platforms. Construction work under the contract is expected to be completed in 2018.

PTSC Mechanical and Construction, which is part of PetroVietnam, will provide Total E&P Borneo with engineering, procurement, construction, and commissioning services for a platform for the Maharaja Lela South Project offshore Brunei for USD 130 million. The 1,200-ton jacket, 1,500-ton topsides, and 1,150‑ton jacket pile will be delivered around June 2015.

KS Drilling, a wholly owned subsidiary of KS Energy, secured a contract for the provision of a new 300-ft drilling rig in Vietnam for Vietsovpetro. The USD‑58‑million contract is for a period of 1 year, with an option to extend for an additional year, and is due to begin in the second quarter of fiscal year 2014.

Deltamarin was awarded a USD‑4.9‑million contract with Bumi Armada Berhad for the basic design of a floating production, storage, and offloading (FPSO) unit to be deployed in the Kraken field in the UK North Sea. The turret-moored FPSO will have a storage capacity of 600,000 bbl. The scope of work covers the further development of the frontend- engineering-design phase material into a class-approved full basic package.

Seadrill finalized four drilling contracts, with a fifth expected second quarter 2014, with Pemex that could generate revenue of more than USD 1.8 billion. Seadrill is also establishing a 50/50 joint venture, called SeaMex, with its venture partner—an investment fund controlled by Fintech Advisory—to own and manage jackups working for Pemex and develop other opportunities in Mexico and elsewhere in Latin America.

Indonesia’s state energy regulator, SKKMigas, appointed firms for the USD‑4.1-billion development of the Jangkrik and North East Jangkrik offshore deepwater gas-and-condensate fields operated by Eni. A consortium—comprising PT Saipem Indonesia, Tripatra Engineers and Constructors, Chiyoda International Indonesia, and Hyundai Heavy Industries—was appointed to engineer, procure, construct, and install a floating production unit. In addition, a consortium consisting of PT Technip Indonesia and Technip Geoproduction was appointed to build, procure, and install onshore receiving facilities, pipelines, and other supporting equipment. PT FMC Santana Petroleum Equipment Indonesia was appointed to engineer and construct underwater production, control, and support facilities for the project.