Exploration Development 2001 P

06/06/2001 -- PanCanadian strikes oil on Buzzard prospect in UK North Sea
PanCanadian Petroleum Ltd., Calgary, Wednesday said the Buzzard prospect discovered oil in the UK North Sea, 100 km northeast of Aberdeen, and appraisal drilling is expected later this year. The well was drilled in 320 ft of water and encountered an oil column of 360 ft. During testing, the well flowed 6,547 b/d of light oil.
06/06/2001 -- BP awards Shah Deniz platform design to Technip
BP PLC's plans to develop its giant Shah Deniz gas condensate field in the Caspian Sea moved ahead Tuesday with the award to Technip SA of a front end engineering design contract based on the French contractor's TPG 500 production jack-up concept.
06/05/2001 -- Forest Oil has offshore gas supplies for South Africa market
With completion of the fourth and final well in its current drilling program in Ibhubesi field off South Africa, Forest Oil Corp., Denver, said Tuesday there are sufficient reserves and deliverability for development of a natural gas market in that country.
06/05/2001 -- Firm focuses on over and under pressured gas exploration
The Gas Technology Institute, Des Plaines, Ill., and Surdam Consulting Inc., Laramie, Wyo., have formed Innovative Discovery Technologies LLC to help develop over and underpressured gas zones in basin center and deep basin settings.
06/04/2001 -- Swift Energy tests gas flow at South Texas wildcat
Swift Energy Co., Houston, has successfully tested one exploration well and is continuing work on four others in South Texas, company officials said Monday. That new discovery should be producing by the end of June, following construction of a gas-gathering line, said Swift Energy officials.
06/04/2001 -- ExxonMobil named operator of second of three Saudi gas projects
ExxonMobil Corp. has been named operator of the second of three Saudi Arabian natural gas exploration and development projects. It said Core Venture 1 and Core Venture 2 account for a total industry investment of more than $20 billion. Core Venture 1 is in the Rub' al Khali area in the kingdom's eastern province, and Core Venture 2 is along the Red Sea.
06/04/2001 -- Triton makes another find in Equatorial Guinea block
Triton Energy Ltd., Dallas, has made another discovery on Block G off Equatorial Guinea. The company said the find could potentially produce more oil than Ceiba field on the same block.
06/01/2001 -- ONGC gets 16 of 23 blocks in Indian licensing round
India's state-owned Oil & Natural Gas Corp. and its partners have bagged 16 of the 23 exploration blocks offered in the second round of bidding under the New Exploration Licensing Policy (NELP).
06/01/2001 -- Apache has gas-condensate find in Egyptian Western Desert
Apache Corp., Houston, has made a gas-condensate discovery in Egypt and is drilling another well in a nearby concession, said concession partner Novus Petroleum Ltd., Sydney.
06/01/2001 -- BP has another gas find off Egypt's Nile Delta
BP PLC unit BP Egypt made a second gas discovery in the North Alexandria concession off the Nile Delta. BP found hydrocarbons in the concession with the Taurus-1 well in late 2000, the company said.
05/31/2001 -- Lundin Oil strikes oil 3 km from Sudan discovery
Lundin Oil AB, Vancouver, announced Thursday a Sudan appraisal well drilled 3.1 km from the Thar Jath-1 discovery established 100 m of net pay. Lundin Sudan Ltd., a Swedish oil company, is operator with a 40.4% interest in Block 5A.
05/31/2001 -- Gov. Knowles lobbies Canadians on trans-Alaska gas line
Alaska Gov. Tony Knowles is visiting Ottawa to brief Canadian officials on the merits of a proposed Alaska Highway-route pipeline. Knowles said North America's gas demands are high enough to justify construction of two pipelines to move arctic gas, one across Alaska and one from the Mackenzie Delta in Canada.
05/30/2001 -- Burullus awards pipelaying contracts for offshore Egypt fields
The Burullus Gas Co. joint venture has awarded Stolt Offshore SA a $145 million contract for subsea construction and pipelay work on the Scarab and Saffron gas fields offshore Egypt.
05/30/2001 -- Pioneer plans exploration program for Tunisian blocks
A unit of Pioneer Natural Resources Co., Irving, Tex., will earn a 50% interest in three Tunisian permits from Eurogas Corp., Calgary, by drilling two wells within 2 years, spending about $5.2 million.
05/30/2001 -- Explorers find key to gas reserves in Australia's Otway basin
The Otway basin on and off western Victoria and southeastern South Australia, plus offshore Tasmania, has emerged as a prime exploration province with five recent discoveries. The latest, Origin Energy Ltd. group's Thylacine 1 offshore Victoria, may have up to 1 tcf in place.
05/29/2001 -- Report: US independents' finding costs rose nearly 35% in 2000
Finding and development costs among 55 independents rose nearly 35% last year because of higher oil field service costs and higher acquisition prices, Salomon Smith Barney Inc. reported Tuesday. Analysts Robert Morris and Michael Schmitz said independents' finding and development costs were $6.05/boe last year, up from $4.53/boe in 1999.
05/29/2001 -- Oman awards Novus two exploration blocks near discoveries
Oman has awarded two more exploration blocks to Novus Petroleum Ltd., Sydney. Novus will operate with 100% Blocks 15 and 47, which are 100 km southwest of Muscat. They cover 10,000 sq km and are near the Khatma and Hafar gas-condensate discoveries.
05/29/2001 -- Iraq discovers oil and gas in the Western Desert
Iraq has announced separate oil and gas discoveries in its Western Desert, the Organization of Petroleum Exporting Countries' news agency reported. It planned to drill more wells near the oil discovery. The country released no details on the gas discovery.
05/25/2001 -- Northrock Resources to offer $93 million for Tethys Energy
Unocal Corp.'s Canadian subsidiary, Northrock Resources Ltd., will make a take-over bid to acquire Tethys Energy Inc., Calgary, for $93 million. Northrock intends to mail the offer to Tethys shareholders by June 4 with closing expected in mid-July. The Tethys board unanimously supports the offer.
05/25/2001 -- China opens six Tarim gas blocks for foreign investment
China revealed details of a proposal to open six natural gas blocks in northwestern China's Tarim basin for foreign investment.

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Exploration Development 2001 P