-- India signs PSC for Krishna Godavari block India has signed a production-sharing contract with BG Group and India's Oil & Natural Gas Corp. to develop Block KG-OSN-2004/1 in the Krishna Godavari basin. The shallow-water block covers 1,150 sq km.
-- Japanese firms invest in East Java Kangean Block Indonesia's PT Energi Mega Persada (EMP) has announced the sale of a 50% stake in trouble-ridden Kangean Block, to Japan's Mitsubishi Corp. and Japex Petroleum Explorations Co. Ltd.
-- Caracas, Trinidad reach border fields agreement Trinidad and Tobago has approved a framework agreement for the unitization of hydrocarbon reserves in offshore fields bordering the Caribbean twin-island nation and Venezuela.
-- Shell-Nexus JV wins permit off W. Australia A 50:50 joint-venture of Shell Development (Australia) Pty. Ltd. and Nexus Energy Ltd. has been awarded Browse basin permit AC/P41, about 200 km off the Kimberley region of northern Western Australia.
-- Statoil to operate Indonesia's Karama Block Indonesia has awarded a production-sharing contract to Statoil ASA and state-owned Pertamina for the deepwater Karama Block in the Makassar Strait (OGJ Online, Mar. 2, 2007).
-- GeoPark redeveloping Chile's Fell gas block GeoPark Holdings Ltd. is reestablishing gas production at the Fell Block in Chile's Tierra del Fuego region and plans to sign a long-term gas supply contract to supply the nearby Methanex Corp. methanol plant at Punta Arenas.
-- Japan discovers large methane hydrate deposit Japan's Ministry of Economy, Trade, and Industry reported a methane hydrate discovery of some 1.1 trillion cu m of estimated gas in place in a section of the Nankai Trough about 50 km off eastern Japan.
-- Petrobras awards Technip subsea pipelay work Brazil's Petroleo Brasileiro SA (Petrobras) has let a $200 million contract to Technip to hire its Sunrise 2000 pipelaying vessel under a 4-year charter for work off Brazil.
-- Germany Considerable oil potential remains in the German North Sea, said RWE Dea AG, Hamburg.
-- Bahrain National Oil & Gas Authority and Bahrain Petroleum Co. will launch a bid round on Mar. 12 for Bahrain offshore exploration blocks and onshore field reactivation projects.
-- Quebec well flows Trenton-Black River gas An exploratory well in Quebec's St. Lawrence Lowlands flowed gas at rates as high as 4.5 MMcfd from the Ordovician Trenton-Black River formation, one of the participants said.
-- Well off Peru flows oil, gas at hefty rates A well in Corvina field off northwestern Peru has flowed at rates of 40 MMcfd of gas and 3,150 b/d of crude oil from separate intervals, exceeding expectations, said BPZ Energy Inc., Houston.
-- Cuu Long wildcat finds oil shows in clastics SOCO Vietnam Ltd. was moving a rig to Block 16-1 in the Cuu Long basin to drill as many as eight exploration wells this year after failing to find commercial hydrocarbons at an exploratory well on Block 9-2.
-- Total drills dry hole in Norwegian Sea Total E&P Norge AS has drilled a dry hole in its wildcat well 6406/8-2 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.
-- Louisiana well tab $60 million to 30,000 ft Meridian Resource Corp., Houston, and others are gearing up to drill an ultradeep wildcat near New Orleans for which the dry hole cost is an estimated $60 million.
-- Talisman makes gas discovery in British Columbia Talisman Energy Inc. and Husky Oil Operations Ltd. have drilled a successful natural gas exploration well in the foothills area of northeastern British Columbia. The companies are equal partners in the discovery.
-- Imperial plans nine Siberian oil field wells Imperial Energy Ltd. said a wholly owned Siberian subsidiary plans to drill nine wells this year on identified oil-bearing intervals in Maiskoye oil field on Block 70 in Siberia.