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Exploration Development 2000 P2

  • 05/10/2000 -- Azerbaijan concession interest changes hands
    Commonwealth Oil & Gas Co. Ltd. sold an 11% stake in the exploration, development, and production-sharing agreement for the Southwest Gobustan oil and gas concession in Azerbaijan to a unit of Oklahoma-based Sooner International Petroleum Co. Ltd. Sooner also received an option to purchase another 5% by June 15.
  • 05/11/2000 -- Premier makes oil find off Indonesia
    Premier Oil PLC and partners have made an oil discovery on Northwest Natuna Block 1 in the Natuna Sea off Indonesia. A test conducted through perforations at 3,798-3,840 ft encountered sand influx and subsequent water channeling, however, and was terminated without a sustained oil flow.
  • 05/11/2000 -- Regal, Cass to merge, develop Ukraine fields
    Regal Petroleum Ltd., London, and M.L. Cass Petroleum Corp., Calgary, signed a letter of intent to merge and jointly undertake further development of Ukraine's Chernigiv gas and condensate fields. Regal holds a joint venture PSA for the Chernigiv area, which consists of three gas and condensate fields 200 km east of Kiev that are now producing 7 MMcfd from five wells.
  • 05/12/2000 -- Merger turns gas producer into e-business pipeline
    A merger is transforming a former Oklahoma independent natural gas exploration and development company into an international internet firm focusing on e-business, e-commerce and e-telecommunications, the company's new president reported Thursday.
  • 05/12/2000 -- Royal Dutch/Shell seeking Libya deal
    Anglo-Dutch oil giant Royal Dutch/Shell said Thursday that it is looking to return to Libya, 9 years after it pulled out of the country. Shell and about 40 other firms attended a May 10 meeting hosted by Libya's National Oil Co., the purpose of which was to outline the terms and acreage allotments for participation in an oil and gas exploration and licensing round in the country.
  • 05/15/2000 -- Plan to transport Iranian gas to India stalls
    The long-discussed proposal to transport Iranian gas to India via Pakistan has again hit a brick wall (OGJ, Oct. 4, 1999, p 25). Pakistan officials in late April approved the proposed passage of that pipeline through their country, pending a final decision by India's BJP-led coalition government. But India's political leadership apparently has decided to ignore the proposal.
  • 05/15/2000 -- MMS to hear evidence on FPSO use
    US Minerals Management Service (MMS) officials are hosting a 2-day workshop June 7-8 in Houston to examine the successful use of floating production storage and offloading (FPSO) vessels in other countries as a possible prelude to allowing their use in developing deepwater oil reserves in the Gulf of Mexico.
  • 05/16/2000 -- Exploration/Development news briefs, May 16
    TotalFinaElf SA ... South Atlantic Petroleum ... Braspetro ... Statoil AS ... ENI SPA ... Tanganyika Oil Co. Ltd. ... Syrian Petroleum Co. ... Dragon Oil Turkmenistan Ltd. ... Naftiran Intertrade Co. Ltd.
  • 05/16/2000 -- Petronas acquires Pakistani block holdings
    Pakistan has awarded an exploration and development license to units of Malaysian state firm Petronas and UK independent Lasmo PLC, while Petronas also acquired interests in and operatorship of another Pakistani block.
  • 05/16/2000 -- Kuwait welcomes Iran's decision to stop work in disputed waters
    Kuwait has welcomed a decision by Iran to stop drilling in a giant gas-condensate field in an offshore area claimed by three countries. Saudi Arabia, Kuwait, and Iran have been long sought a tripartite accord covering the area.
  • 05/18/2000 -- Minister outlines Qatar gas strategy
    Qatar has outlined a four-pronged strategy to tap the country's huge gas reserves. Its core focus will be to satisfy rising gas demand in the region, including domestic demand, Minister of Energy and Industry Abdullah bin Hamad al Attiyah has said.
  • 05/19/2000 -- Energy games
    Many times-in fact, most times-that legislation is introduced in the US Congress, it's not with the expectation that the bill could pass.
  • 05/22/2000 -- Shell bids for controlling stake in Woodside
    Shell Development Australia Ltd. has made a bid to take control of Woodside Petroleum Ltd. through an assets-for-shares swap worth more than $4 billion (Aus.). Shell has offered to trade its inventory of exploration and production assets in Australian and New Zealand, together with some other overseas E&P assets, for a quantity of new shares in Woodside sufficient to raise Shell's stake in the firm to 60% from the current 34%.
  • 05/22/2000 -- Samedan drills successful appraisal well off Israel
    Samedan Mediterranean Sea, an subsidiary of Ardmore, Okla.-based Noble Affiliates Inc., has found gas with an appraisal well drilled in the southern extension of Noa field off Israel. Although Noble did not report any test results for Noa South-1, it said it expects the well to produce at a rate higher than Noa-1's 30 MMcfd of gas.
  • 05/22/2000 -- Texaco makes deepwater oil discovery off Louisiana
    Texaco Inc. on Monday said it and partner Agip Petroleum Exploration Inc., an affiliate of Italy's ENI SPA, have made a wildcat oil discovery in the deepwater Gulf of Mexico with their Champlain No. 1 well. Initial results indicate the presence of high-quality reservoir sands with a total net pay of 140 ft. The ultimate size of the discovery will be determined by further appraisal drilling.
  • 05/22/2000 -- Exploration/Development news briefs, May 23
    ECOPETROL � Seven Seas Petroleum � Sipetrol � MTV Investments ... Saudi Aramco � Esenjay Exploration
  • 05/23/2000 -- Hurricane emerges from bankruptcy, gets upgraded investment rating
    Things are looking up for Calgary-based Hurricane Hydrocarbons Ltd., which recently emerged from bankruptcy (OGJ, Feb. 28, 2000, p. 36). Moody's Investors Service said it is upgrading the company's senior notes to B3 from C to reflect its reorganization and Hurricane's recent merger with Shymkentnefteorgsyntez (ShNOS), which operates a a refinery Shymkent, Kazakhstan.
  • 05/23/2000 -- Venezuela sets tender date for first gas licenses
    Venezuela plans to open a public tender later this year for private national and foreign investment to develop 11 areas rich in nonassociated natural gas reserves. The proposed tender, through which licenses will be granted to private companies to explore for and produce natural gas, forms part of the government's broad energy policy, aimed at accelerating the development of the nation's natural gas sector.
  • 05/23/2000 -- EIA says ANWR likely has 5.7 billion bbl of recoverable oil
    The US Energy Information Administration has reported that the coastal plain of the Arctic National Wildlife Refuge could contain as much as 16 billion bbl of recoverable oil, much of it economically recoverable. The EIA report, using US Geologic Survey data, projected a 95% probability of at least 5.7 billion bbl of oil in ANWR, a 5% probability of at least 16 billion bbl, and a mean value of 10.3 billion bbl.
  • 05/24/2000 -- Nigerian company files suit to prevent block reallocation
    The Nigerian federal government�s offer of 22 oil blocks for international competitive tender suffered yet another setback last week when indigenous company Oil & Gas Nigeria Ltd. (OGN) brought suit to restrain the government from reallocating one of the deep offshore acreages. OGN wants to protect its holding in Oil Prospecting Lease 249. Details of the OGN suit are still not clear, but operators believe it might be an attempt to thwart the current bidding round.

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