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Drilling Production 2000 P

  • 12/15/2000 -- Canadian board: Drillers must set record pace to meet gas demand
    Exploration companies will have to set a record drilling pace for natural gas over the next 3 years to meet strong demand and counteract declining well output, says Canada�s National Energy Board. It said industry would need to drill 25,000 new gas wells over the period to meet demand for the commodity.
  • 12/15/2000 -- Issues & Analysis: Workover trends
    Industry analysts predict US oil operators will increase spending in 2001, putting more workover rigs like this Pool Well Services Co. unit back to work.
  • 12/14/2000 -- Atheer to supply gas to Dubai
    The Abu Dhabi Gas Co. (Atheer) Thursday announced plans to ramp up its total gas processing capacity to 3 bcfd in 2001, according to a report from Organization of Petroleum Exporting Countries' news agency, OPECNA. The company will also take on responsibility for the supply of gas to Dubai, via a 112-km, 48-in. pipeline.
  • 12/13/2000 -- Corridor finds gas with New Brunswick wildcat
    Corridor Resources Inc., Halifax, NS, says a test on the McCully wildcat 7 miles northeast of Sussex, NB, found more than 130 ft of net natural gas-bearing sand within a 1,115.5-ft gross sand/shale sequence between 6,660 ft and 7,775 ft. McCully-1 was drilled to 8,717 ft TD in October and was production tested in November.
  • 12/13/2000 -- Market watch, Dec. 13
    Even as winter storms lashed across the Midwest US, futures prices for natural gas and home heating oil declined Tuesday�apparently on expectations of a temporary break in the weather. The January natural gas contract dropped to $8.145/Mcf, down $1.268 from Monday's record high on the New York Mercantile Exchange.
  • 12/11/2000 -- Pertamina boosts E&P spending to $189 million
    Indonesian state oil company Pertamina has boosted its E&P spending by more than $80 million for the coming year, the Organization of Petroleum Exporting Countries� news agency, OPECNA, reported Friday. The move, which will raise investment in E&P to $189 million, will kick off a 5-year program that aims to double the country�s oil production capability.
  • 12/08/2000 -- Rotary rig count steady at 1,088, up 275 from year ago
    Drilling activity continued strong with 1,088 rotary rigs working in the US and its waters this week, Baker Hughes Inc. reported Friday. Three new contracted mobile offshore rigs joined the world fleet. That helped boost offshore utilization to 87.2%, with 564 units contracted out of 647 total, said Offshore Data Services.
  • 12/08/2000 -- Expro gets Iran, Tunisia field development contracts
    Expro International Group PLC said Shell Exploration BV and Brovig ASA have awarded it two field development-related contracts worth a combined �28 million. One of those contracts is for work off Iran and another is for work off Tunisia. Expro said it also has been awarded several smaller projects totaling �22 million.
  • 12/08/2000 -- GAS PRICES HIGHLIGHT IMPORTANCE OF OCS SALE 181
    With the price of natural gas piercing the $8/MMBTU level in futures trading on the New York Mercantile Exchange and more than three times that level for physical supply in California, go-ahead for oil and gas leasing in the eastern Gulf of Mexico makes gargantuan sense.
  • 12/08/2000 -- Train wreck in natural gas markets beginning now
    The train wreck expected in US natural gas markets is starting to happen now.
  • 12/07/2000 -- Mitchell Energy to expand North Texas processing plant
    Mitchell Energy & Development Corp., The Woodlands, Tex., said Thursday it would double the capacity of its Bridgeport natural gas processing plant in North Texas during 2001 when it undertakes a second expansion of that facility. The expansions, once completed, will increase processing capacity to 430 MMcfd of gas and 37,000 b/d of gas liquids.
  • 12/07/2000 -- MMS sets eastern Gulf lease sale for December 2001
    The US Minerals Management Service has scheduled a long-awaited Eastern Gulf of Mexico lease sale for December 2001. Sale 181 would offer 1,033 blocks covering 5.949 million acres in the western portion of the eastern Gulf, starting 15 miles off the Alabama coastline and extending south into the deepwater region.
  • 12/06/2000 -- Drilling/Production news briefs, Dec. 6
    Uzenmunaigas � Gaffney, Cline & Associates � Ensco International � Burlington Resources � Friede Goldman Halter � Command Drilling � Navis � Petrobras
  • 12/06/2000 -- IOGCC says US gas production needs federal incentives
    The Interstate Oil and Gas Compact Commission Tuesday urged the next Congress to enact incentives aimed at increasing US natural gas production. The 30-state group said Congress and the next President should focus national attention on the increased demand for natural gas.
  • 12/05/2000 -- Conoco to develop two UK North Sea fields
    Conoco Inc. said Tuesday that two appraisal wells have confirmed discoveries in the UK central North Sea that could yield estimated gross reserves of more than 100 MMboe. Conoco plans to begin producing from the discoveries in late 2003 or early 2004, which will add to Conoco's existing holdings around the Britannia gas condensate field.
  • 12/05/2000 -- Petrobras awards Roncador field subsea contract
    Petrobras has awarded Coflexip Stena Offshore and Premier Marche's Brazilian entity Flexibras the Roncador contract to design and install 566 km of flexible risers, flowlines and umbilicals, to tie back 21 satellite subsea wells in the field to the P-36 platform. The Roncador field is located in the Campos basin off Brazil.
  • 12/05/2000 -- Sevan: UN should rethink oil-for-food scheme
    A top United Nations official today urged the organization's Security Council to rethink the current economic sanctions against Iraq in order to streamline the delivery of humanitarian aid to the Middle Eastern country. Benon Sevan, the UN's executive director of the office of the Iraq program said the oil-for-food scheme put in place at the end of the Gulf War had become 'much more complex' since its introduction.
  • 12/04/2000 -- Exploration/Development news briefs, Dec. 4
    Canadian Oil and Gas Directorate � Common Data Access � Petroleum Geo-Services � Central African Republic � RSM Production � Samedan Oil � Chevron USA Production � Pogo Canada � PanCanadian Petroleum � Compton Petroleum
  • 12/01/2000 -- Drilling/Production news briefs, Dec. 1
    Transocean Sedco Forex � Global Marine Drilling � Ocean Rig � Friede Goldman Halter � Seven Seas Petroleum
  • 12/01/2000 -- CNOOC to take share of Peng Lai development
    China National Offshore Oil Corp. has elected to participate in the Phase I development of the Peng Lai 19-3 field in Block 11/05 in Bohai Bay, reducing foreign partner Phillips China Inc.'s share to 49%. The development is still subject to regulatory approval that Phillips China expects in the first quarter 2001.