Africa Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • Algeria invites bids for substation contracts ‐ Work will involve supplying and installing
    substations at four locations in Algeria.
  • OMV farms into Madagascar offshore block ‐ OMV will invest in an offshore exploration block
    west of Madagascar, the Austrian firm said in a statement without disclosing the value of the deal. OMV
    will acquire a 40 per cent stake in the “Grand Prix” block from Canada’s Niko Resources Ltd. “This
    acquisition is in line with OMV’s strategy “profitable growth” to develop a balanced Exploration &
    Production portfolio and opportunities also in the sub‐Saharan African region,” OMV said in the
    statement.

Australia Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • CGG completes first proprietary BroadSeis‐BroadSource 3D survey in Australia.
  • AGR secures well project contract and rig for Hunt Oil’s first operation in Australia.
  • Senergy’s survey & geo‐engineering division expands globally.
  • Dart Energy Limited announces completion of transfer of PEL445, NSW, Australia.

South Korea Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • South Korea productions of Lubricating Oil increase by 2% in July 2013 as compared to previous
    month exports.
  • South Korea Inventory of Greases during July 2013, 2527 MT.
  • TOBS FOB South Korea Base Oil prices increased by 1% in September 2013 as compared to
    previous month prices.
  • TOBS FOB South Korea Base Oil prices firmed up by USD 10 PMT in September 2013 as
    compared to previous month prices.