Wood Mackenzie has been a respected adviser to the energy industry for over 30 years. We combine experience with industry knowledge to provide clients with valuable analysis and unique insights. With its headquarters in Edinburgh, Wood Mackenzie also has offices in London, Houston, Boston, New York, Moscow, Beijing, Singapore, Kuala Lumpur and Sydney and currently employs around 550 people.
Maersk Oil is aiming to grow by exploration and is looking for highly motivated seismic interpreters to participate in regional studies and identify and evaluate high value plays and prospects in focus areas.
For this position you will be in direct contact with all of Gaz de France subsidiaries in France and abroad. Our group offers many personal development opportunities in the short and mid-term. Your English is fluent.
Innovative and dedicated people who believe that nothing is impossible have solved tomorrow’s challenges for over 150 years. Are you ready to roll up your sleeves?
Shell is considering the sale of its interest in the Cossack Pioneer oilfield at Australia's North West Shelf Venture in a move set to attract Chinese interest, local media said today.
Shell is examining the potential value of its 16.67% stake in the oil output arm of the North West Shelf project, which produces 100,000 barrels of oil per day, two people familiar with the move told Dow Jones Newswires.
Another source told Dow Jones that China National Overseas Oil Coproration (CNOOC) had hired Macquarie Group to examine a possible bid for Shell's oil assets in the North West Shelf for around $450 million.
A disposal would free up Shell to focus on its Australian natural gas business, which includes its recently-approved giant Gorgon gas field off the coast of Western Australia.
According to one source, Shell is not in active talks to sell the stake at present and is still considering its exit plan.
Shell has said it expects to offload about $9 billion in assets in 2007.
"Portfolio management is a key source of value creation for Shell. We continue to focus our portfolio on strategic assets and remain committed to liquefied natural gas growth in Australia,” Shell spokeswoman Anita Harben said
The North West Shelf project is operated by Woodside Petroleum and counts BHP Billiton BP, Chevron and Japan Australia LNG as equal shareholders in addition to Shell.
It is not known whether any of the parties have a pre-emptive right to buy another shareholder's interest in the venture should it be marketed.
Cossack Pioneer began producing oil in 1995 after the first commercial oil discovery was made off the North West Shelf in 1989.
A total of 10 production wells have been drilled in water 80 metres deep.
Crude oil output at the North West Shelf has been declining in recent years, with a total of 31.4 million barrels produced in 2005 compared with 39.3 million barrels two years earlier.
CNOOC already has a 25% stake in the China LNG venture, which was established to deliver LNG from the North West Shelf to China's only operational LNG terminal at Dapeng in Guangdong province.