Yearly Archives: 2011

/2011

MIGAS approve transfer of 47.5% participating interest in Biliton PSC

November 23rd, 2011|Uncategorized|

MIGAS have approved the transfer of a 47.5% participating interest in the Biliton PSC from Mitra Energy Biliton Pte. Ltd., a wholly owned subsidiary of Mitra Energy Limited, to Geopetrol Biliton Corp.. Mitra Energy Biliton Pte. Ltd. retains the operatorship of the PSC. Following the completion of the transfer, the composition of the participating interests in [...]

2D seismic data acquisition survey in the Bone PSC

November 14th, 2011|Indonesia|

On 11th November 2011, Mitra Energy (Indonesia Bone) Ltd, a wholly owned subsidiary of Mitra Energy Limited commenced a 2D seismic data acquisition survey in the Bone PSC, offshore Sulawesi, using Gardline-GGV's "MV Duke". Mitra Energy (Indonesia Bone) Ltd operates the Bone PSC with 100% equity.

Service Contract 56, Sandakan Basin, Offshore Philippines

November 8th, 2011|Philippines|

Mitra Energy has increased its equity to 100% in Service Contract 56, Sandakan Basin, Offshore Philippines, effective 31st October 2011. A four well exploration campaign was undertaken in SC 56 in 2009-10 resulting in two significant gas discoveries being made by the Dabakan-1 and Palandag-1A wells and a further minor discovery at Babendil-1. Mitra believes that [...]

Mitra Energy sells share of Titan Resources

October 27th, 2011|Indonesia|

Mitra Energy Limited (Mitra) and GS Caltex Corporation (GS Caltex) have reached an agreement to sell its 33% share of Titan Resources (Natuna) Indonesia Limited (TRNIL), a Bermuda registered company and wholly owned subsidiary of Mitra, to GS Caltex. On the completion of the purchase, GS Caltex will become a shareholder in TRNIL.

Farm-in agreements approved by the Government of Indonesia

August 9th, 2011|Indonesia|

Two separate farm-in arrangements between Mitra Energy Limited and Black Platinum Energy Ltd. (BPE) covering the Titan and North Madura PSCs were approved by the Government of Indonesia on 9th August 2011. After the farm-ins, BPE retains a 25% non-operating interest, with Mitra acquiring a 25% non-operating interest, in both PSC's, both of which are operated [...]

Update for 28-BDM-1X

July 21st, 2011|Vietnam|

Mitra Energy Limited (Mitra) and BHP Billiton have today plugged and abandoned the 28-BDM-1X well as dry hole. The well was a second well of a two-well drilling campaign in the Blocks 28 & 29/03 PSC, offshore Vietnam. The first well, 29/03-HV-1X, was also plugged and abandoned as dry hole. Oil shows were reported in both [...]

Production Sharing Contract signed with Petrovietnam for offshore Block 45

June 10th, 2011|Vietnam|

Hanoi Vietnam Mitra Energy Limited (MEL) is pleased to announce that it has today signed a Production Sharing Contract (PSC) with Petrovietnam for offshore Block 45 through its wholly owned subsidiary company Mitra Energy (Vietnam Minh Hai) Pte Ltd (MEVMH). The block is located on the eastern margin of the prolific Malay-Tho-Chu Basin, offshore Vietnam, covering [...]

Mitra Energy Ltd Acquires Stakes in Two East Java PSC Blocks

June 9th, 2011|Indonesia|

Mitra Energy Ltd. ("Mitra") has reached agreement with Black Platinum Energy Ltd. ("BPE") on two separate farm-in arrangements covering the Titan and North Madura Production Sharing Contract ("PSC") blocks. These farm-outs provide the following benefits to both Mitra and BPE: Provides Mitra with additional high impact exploration opportunities, targeting the prolific producing East Java gas basin [...]

Second well spudded in the Blocks 28 & 29/03 PSC, offshore Vietnam

June 7th, 2011|Vietnam|

Mitra Energy Limited (Mitra) and BHP Billiton (BHPB) have today spudded the second well of a two-well drilling campaign in the Blocks 28 & 29/03 PSC, offshore Vietnam. The exploration well, 28-BDM-1X (Bao Dom May), was drilled immediately after the completion of the 29/03-HV-1X well. The Blocks 28 & 29/03 PSC partnership comprises BHPB, 50% (operator) [...]