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Welcome to our April edition of Bright spots. This edition includes:
Topical
Fueling Asia's growth: Collaboration in energy
security
Aberdeen and Grampian Chamber Oil and Gas Survey -
seventh survey
Events
Technnical
Supply, demand and storage
issues in the UK gas market
It is estimated that by 2016,
80% of gas consumed in the UK will have to be imported.
Traditionally, the UK has relied heavily on the
flexibility of its own offshore supplies in order to
balance supply and demand, supplemented by offshore gas
storage, some peak shaving LNG terminals and a very
limited amount of salt cavity storage.
For further information,
download our publication
Supply, demand and storage issues in the UK gas market
(PDF, 3720 KB).
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Finding ways to manage the imbalance of energy demand
and supply, and achieving greater regional energy
security in the Asia Pacific region is critical; failing
to do so could threaten long-term regional economic
strength. One solution to this dilemma may lie in a host
of collaborative efforts between producing and consuming
economies.
For further information, download our
Fueling Asia’s growth (PDF, 1592 KB).
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This seventh survey returns again to the contractual
relationships in the sector - the trends in contracts
and their contents in both the UKCS and elsewhere. In
addition it touches on the development of new markets,
showing that both operators and contractors are now
eyeing growth opportunities beyond our shores in areas
such as North and West Africa, Australia and Russia.
For further information, please visit
our website.
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Events:
We will be presenting at
K2B International’s Contract Risk Management conference
at The Westin Kuala Lumpur, Malaysia. The conference
will focus on today’s changing and challenging risk
environment, which includes price volatility, regulatory
changes and the opening of new exploration areas and
markets. This conference will unlock the strategies in
mitigating contractual risk within the Asian region.
For more information about the conference, please
visit the
conference website.
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We will be exhibiting at the
IPA Convention and Exhibition 2007 in the Jakarta
Convention Centre, Indonesia. This year's theme
"Promoting Investment Through Partnership" highlights a
topic of national and international importance: the need
to encourage and welcome Indonesian and foreign
investment in the oil and gas industry by creating a
fair regulatory environment supported by strong
government policy for the mutual benefit of all parties.
Please visit us at booth M-121 for a demonstration of
our latest products and to pick up the latest copy of
our PetroView Asia Pacific and South Asia wall maps.
To register for
IPA 2007, please visit the official website.
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INTERGAS IV exhibition: Cairo, 15-17 May,
2007
We will be exhibiting at the INTERGAS IV
international conference and exhibition at the Cairo
International Convention and Exhibition Centre, at stand
E207 in Hall 2. This event is geared towards all
companies wishing to enhance their business in Egypt’s
oil, gas and petrochemicals sectors.
To register for
INTERGAS IV, please visit the official website.
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We recently launched PetroScope 2.0, which offers a
wealth of enhancements including a collection of new
features – incorporating expected monetary value
analysis, enhanced screening and reporting and
incremental economics, together with an improved user
interface. PetroScope can be supplied with fiscal models
for over 80 regimes worldwide, modelling the
complexities of the fiscal system (royalties, taxes,
production sharing contracts, participation agreements,
etc.), allowing the after-tax economics of the project
to be analysed.
For more information on
PetroScope 2.0 and its new features, please visit
our website.
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PetroView Asia Pacific:
The Australian Government announced the release of 2007
Offshore Petroleum Exploration Acreage at APPEA, in
Adelaide on 16 April, 2007. The Acreage release
comprises of 34 areas, located across six basins. The
release areas range from frontier to mature status and
offer opportunities for exploration companies of all
sizes. Details of the blocks will be available in May's
Asia Pacific PetroView update.
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This month, PetroVietnam announced the second
international bidding round for open blocks in the Song
Hong (Red River) Basin, offshore northern Vietnam.
PetroVietnam will offer seven offshore oil blocks,
namely: 105-110/04, 111/04, 114, 115, 116, 120 and 121,
through competitive bidding round. They cover an area of
50,000 square km with an average of 60-100 m water depth
and the distance to shore between 50 km and 100 km.
PetroVietnam has cited that the total estimated
hydrocarbon potential of the acreage is as much as five
billion barrels of oil equivalent. The bidding round is
expected to be launched in early May 2007.
These blocks are available in the Open Blocks layer in
the April edition of PetroView Asia Pacific.
To find our more about
PetroView, please visit our website.
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