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Drilling Production 2001 P5

  • 02/09/2001 -- Sincor heavy crude oil processing station on stream
    The Sincor joint venture has opened an oil production processing station in eastern Venezuela that mixes 8�-gravity heavy crude with a lighter 30�-gravity Mesa crude, creating a more marketable 16�-gravity crude known as Zuata 16. The plant can handle 210,000 b/d of extra heavy crude and up to 300,000 b/d of diluted crude.
  • 02/09/2001 -- MMS issues environmental analysis for FPSOs in Gulf of Mexico
    The US Minerals Management Service has issued a final environmental impact statement (EIS) examining the possible effects of floating production, storage, and offloading (FPSO) systems proposed for use in the development of deepwater oil and gas resources in the Gulf of Mexico.
  • 02/09/2001 -- North American drilling activity levels off
    Drilling activity in the US and its waters fell slightly this week. A total of 1,137 rotary rigs were working, down one from last week, Baker Hughes Inc. reported Friday. The total is still up strongly from 762 a year ago.
  • 02/12/2001 -- Electric power interruptions curtail California oil and gas production
    Electric power disruptions are curtailing oil and natural gas production in California, including some gas supplies for the very plants that generate electricity, industry officials said Monday.
  • 02/13/2001 -- Singapore signs second deal to import Indonesian gas
    Singapore has signed a 20-year agreement with Indonesia to buy 2.27 tcf of gas from South Sumatra for $9 billion. Singapore will import up to 350 MMcfd through a 300-mile pipeline to be constructed from the Asamera gas fields in South Sumatra.
  • 02/13/2001 -- BP says mergers helped build $14.2 billion in profits
    BP PLC Chief Executive Sir John Browne Tuesday unveiled pro forma 2000 profits of $14.2 billion for the UK oil and gas giant, more than double its result for the previous year. Browne said the record profits, up from $6.2 billion in 1999, were not just due to oil prices, but partly because of the success of its mergers with Atlantic Richfield Co., Amoco Corp., and Burmah Castrol PLC.
  • 02/14/2001 -- US product imports set modern record in January
    The American Petroleum Institute, Washington, DC, said Wednesday that US product imports in January were at the highest level in more than a decade. It said 2.923 million b/d was imported, up 40% from January 2000, although that month was lower than usual.
  • 02/15/2001 -- Exploration/Development news briefs, Feb. 15
    Shell Exploration & Production � Halliburton � Norske Conoco � Statoil � Fortum Petroleum � Triton Energy � Allseas Marine Contractors � BP � Oil & Gas Development
  • 02/15/2001 -- Maersk to boost output from Al Shaheen field off Qatar
    Qatar has approved a plan for further development of the Al Shaheen Field in Block 5 off Qatar, said Maersk Oil Qatar AS. The program aims to increase production from 112,000 b/d to to 200,000 b/d of oil in 2004.
  • 02/16/2001 -- Statoil enlarges Kvitebjørn development scheme
    Statoil AS Friday proposed a revised plan for development of Kvitebjørn gas field to Norwegian authorities after a remapping prompted it to include the field's flank areas in its development scheme. By enlarging the development area on Block 34/11 in the Norwegian North Sea, Statoil expects to upgrade reserves from 47 billion cu m of gas and 105 million bbl of condensate to 52 billion cu m and 135 million bbl.
  • 02/16/2001 -- Statoil plans two-well program off Denmark
    Norway's Statoil AS has contracted the drilling rig Noble George Sauvageau from Dutch oil company NAM BV to drill two wells on the Stine prospect 7 km to the east of the operator's Siri field in the Danish North Sea. The rig is working off Holland for Wintershall AG and will move to drill one well for NAM before kicking off the 90-day assignment for Statoil, scheduled to start in midMay.
  • 02/16/2001 -- Husky quintuples fourth quarter profits
    Husky Energy Inc., Calgary, reports an almost fivefold increase in fourth quarter profits to $232 million (Can.) from $47 million in the same period in 1999. Profits for 2000 tripled to $546 million from $160 million in 1999 on cash flow of $1.4 billion, up from $517 million in 1999.
  • 02/16/2001 -- North American drilling activity rises
    Drilling activity in the US and its waters bounced upward over the last week, more than making up for the slight fall last week. A total of 1,147 rigs were working, up 10 from last week, Baker Hughes Inc. reported Friday. A year ago, the total was 773.
  • 02/19/2001 -- Ecuador selects OCP to build $1.1 billion crude pipeline
    Ecuador has selected the OCP Ecuador SA consortium to build a proposed $1.1 billion export crude oil pipeline. Williams had also submitted a proposal. Originally, the decision was expected to be made last year (OGJ Online, Dec. 4, 2000, p. 30).
  • 02/19/2001 -- PTTEP to abandon swap plans and directly acquire assets
    Thailand's Petroleum Exploration and Production PCL (PTTEP) has decided to expand its overseas portfolio by directly acquiring assets in other countries, abandoning a plan to exchange its hydrocarbon assets with those of other companies.
  • 02/21/2001 -- Phillips China to develop satellite field in Bohai Bay
    Phillips China Inc. plans to develop its Peng Lai 25-6 discovery in China's Bohai Bay as a satellite to its Peng Lai 19-3 field. Phillips recently confirmed the Peng Lai 25-6 find, 3 miles east of Peng Lai 19-3. The 25-6-2 well, in 75 ft of water, found 354 ft of net pay in the Guantao. It flowed 21�-gravity oil at a stabilized rate of 425 b/d through a 24/64-in. choke.
  • 02/21/2001 -- Washington group urges federal energy policy reforms
    The US urgently needs a national strategy that better balances the realities of energy production and transmission with environmental and consumer concerns, the US Energy Association said Wednesday. The nongovernmental group, based in Washington, DC, is the US member committee of the World Energy Council.
  • 02/22/2001 -- Petrobras sets goal of oil self sufficiency by 2005
    Petroleo Brasileiro SA (Petrobras) will invest $29.4 billion (82% in the domestic market and 18% abroad) by year 2005 to become self-sufficient in crude oil production, said the company's president Henri Philippe Reichstul.
  • 02/22/2001 -- Talisman to develop Halley field in UK North Sea
    Talisman Energy Inc., Calgary, said the UK government has approved its plans to develop Halley oil field on Block 30/12 in the central North Sea. Talisman also said production began Feb. 16 at the rate of 12,000 b/d from Beauly field on Block 16/21 in the UK North Sea.
  • 02/22/2001 -- BP signs five-spar deal for Gulf of Mexico
    BP has given Coflexip Stena Offshore AS's Houston-based subsidiary, CSO Aker Maritime Inc., a contract for up to five spar-design floating production platforms for deepwater developments in the US Gulf of Mexico. Under the deal, CSO Aker Maritime will take on engineering, procurement, fabrication, and delivery of the complete hulls and mooring systems of the truss spars, the first of which is scheduled for delivery in 2003.
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