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Drilling Production 2001 P11

  • 04/18/2001 -- Talisman signs Kvaerner to extended $42 million support deal
    Talisman Energy UK Ltd. Wednesday extended for 2 years a central North Sea integrated support contract with Kvaerner AS's Modification, Maintenance & Operations unit. The deal, which covers production operations, maintenance, and minor modifications support of the Talisman Flotta Catchment Area asset group, is expected to total $21 million/year.
  • 04/18/2001 -- Sante Fe chooses PPL to build two new semis
    Santa Fe International Corp. said Wednesday that construction of two Friede & Goldman ExD-design semisubmersible drilling rigs would start next month following the award of contract to Singapore's PPL Shipyard PTE Ltd. The rigs will cost about $285 million each and Santa Fe has the option for additional units at a slightly higher price.
  • 04/19/2001 -- BP starts Al Rayyan oil field project off Qatar
    BP and its partners will proceed with the second phase development of Al Rayyan oil field off Qatar, said Gulfstream Resources Canada Ltd., Calgary. BP operates the field with 27.5%; Gulfstream owns 65%; and Preussag Energie GMBH owns 7.5%.
  • 04/19/2001 -- Gulf of Mexico 2000 oil production sets record, gas declines
    Oil production from the US Gulf of Mexico in 2000 set a record, but gas production declined for the third straight year, said the US Minerals Management Service. MMS Regional Director Chris Oynes attributed the oil production boost to deepwater production, up 20% over last year.
  • 04/20/2001 -- Developers of Corrib field off Ireland drop gas marketing request
    Owners of Corrib gas field off western Ireland have withdrawn an application to jointly market their production, due to the European Commission's concerns about competition. The companies said joint sales for 5 years would counterbalance the power of the Irish government's gas and electricity companies.
  • 04/20/2001 -- Deepwater rig added as total US drilling increases
    US drilling activity increased with a total 1,213 rotary rigs working this week, said officials at Baker Hughes Inc. The ODS-Petrodata Group reported a new deepwater semisubmersible rig under contract in the US Gulf of Mexico.
  • 04/23/2001 -- Viet Nam's Rang Dong field flow climbs to 55,000 b/d
    Conoco Inc. said Monday the latest development well in Rang Dong field off Viet Nam was completed for 10,000-b/d. The 15P well on Block 15-2 boosted field output to 55,000 b/d, a production milestone. Block 15-2 is in 165 ft of water in the Cuu Long basin.
  • 04/24/2001 -- Iran says crude oil capacity climbs to 4 million b/d
    Iran claims its capacity to produce oil has climbed to 4 million b/d, well above its current Organization of Petroleum Exporting Countries' quota of 3.55 million b/d. OPEC's news agency reported that Haidar Bahmani, director of National Iranian Oil Drilling Co., disclosed the productive capacity increase.
  • 04/24/2001 -- Ocean Energy farms into Kerr-McGee deepwater gulf leases
    Kerr-McGee Oil & Gas Corp. and Ocean Energy Inc., Houston, have agreed to jointly explore 181 undeveloped leases that Kerr-McGee holds in the deepwater Gulf of Mexico. The leases are in several proven trend plays in water depths up to 8,000 ft.
  • 04/25/2001 -- Amerada plans redevelopment of Angus field in North Sea
    The UK Department of Trade and Industry Tuesday cleared Amerada Hess Inc.'s plan to breathe new life into decommissioned North Sea Angus field via a subsea tieback to the Uisge Gorm floating production, storage and offloading vessel. Angus will be the first decommissioned field on the UK Continental Shelf to be redeveloped.
  • 04/25/2001 -- Shell cuts time, cost on Brutus TLP for Green Canyon field
    Shell Exploration & Production Co. said the Brutus tension leg platform cost 17% less than the Mars TLP and will take a shorter time to complete. The structure will have taken 3.25 months to complete from the late January arrival of the 13,500-ton hull from South Korea at Gulf Marine Fabricators' yard in Ingleside, Tex.
  • 04/25/2001 -- Triton plans for upgraded FPSO for second phase of Ceiba
    Triton Energy Ltd., Dallas, reported Wednesday that it is negotiating to replace the FPSO producing its Ceiba field with a sister ship with expanded processing facilities, as part of second phase production plans for the Block G development off Equatorial Guinea.
  • 04/25/2001 -- Thai Shell seeking to farm out acreage off Thailand
    Thai Shell Exploration & Production Co., part of the Royal Dutch/Shell Group, is looking to farm out acreage off Thailand. Thai Shell executives said they would rather concentrate on developing onshore Block S1 in northern Thailand.
  • 04/25/2001 -- Petrobras reduces Brazil's crude forecast after loss of P-36
    Petroleo Brasileiro SA (Petrobras) has reduced Brazil's crude production forecast due to the loss of the giant P-36 platform, which sank in the Campos basin. The P-36 was producing 80,000 b/d. It had been expected to produce 90,000 b/d later this year and 180,000 b/d by 2005.
  • 04/26/2001 -- Saipem drillship working in record 2,791 m of water off Gabon
    Saipem SPA is drilling a wildcat offsouthern Gabon in 2,791 m of water, the deepest in the world to date, with its S10000 drillship. The Italian contractor said the wildcat is the first assignment for the drillship, which is designed to operate in water depths of 3,000 m and drill to 10,000 m.
  • 04/26/2001 -- Syncrude sets record with oil sands production
    The Syncrude Canada Ltd. consortium reports record first quarter production of 21.3 million bbl of synthetic crude from its oil sands operation in northern Alberta. Production equated to 237,000 b/d, vs. 178,000 a year earlier.
  • 04/27/2001 -- Bongkot consortium to begin next development stage
    Moving quickly to arrest a significant production decline, the Bongkot consortium plans to start the next development stage of Thailand's largest gas field in the middle of this year. Estimated to cost $40-50 million, Phase 3C will help the Thai-European development group sustain natural gas and condensate output at 635 MMcfd and 15,000-16,000 b/d of condensate.
  • 04/27/2001 -- California producers face higher electric rates amid rolling blackouts
    California oil and gas operators are facing a jump in electric rates and rolling blackouts this summer that threaten to curtail production in that energy-starved state. A pending rate increase could raise production costs by $2/bbl or more, said officials of the California Independent Petroleum Association.
  • 04/27/2001 -- Offshore rig utilization at 3-year high in US Gulf of Mexico
    More than 90% of the mobile offshore rigs in the US Gulf of Mexico were under contract this week for the first time since July 1998, said officials at ODS-Petrodata Group in Houston. Total US drilling dipped slightly with 1,212 rotary rigs working this week, one less than the previous week but up from 798 during the same period a year ago.
  • 04/30/2001 -- Australian oil shale firms eye Stuart plant expansion
    Southern Pacific Petroleum NL and Central Pacific Minerals NL said they plan to produce 200,000 b/d of shale oil products from their Queensland deposits by 2012. That would include 85,000 b/d of production from the Stuart shale plant and production from the Condor or Rundle deposits.

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