Industry News

Licensing Round Tempts Russian Players

BMI View: Russian players TNK-BP and Lukoil are likely to be in the running for new offshore acreage in Vietnam after they signalled their long-term commitment to the country. New exploration will be critical to slowing a decline in Vietnamese output, which we see entering structural decline from 2015.23 November 2011

Petronas Hit Oil At Sabah Offering Hope For Exploration Strategy

BMI View: Petronas' Sabah discovery is the latest indication that efforts to boost domestic offshore exploration are bearing fruit. New discoveries, and a recent agreement with Royal Dutch Shell to boost recovery rates from existing fields, could raise upside risks to our production forecasts.23 November 2011