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Exploration Development 2001 P17

  • 03/16/2001 -- Ziff says Scotian Shelf gas output could double by 2005
    Ziff Energy Group, Calgary, said a study shows production from the Scotian Shelf off Canada�s East Coast could more than double to1.2 bcfd by 2005. It said production from the region off Nova Scotia, already producing from the Sable Island area, could increase to more than 2 bcfd after 2005.
  • 03/16/2001 -- Petrobras production platform believed to be sinking off Brazil
    Petroleo Brasileiro SA (Petrobras) officials Friday said the heavily damaged P-36 platform was slowly sinking Friday and that the estimated production loss is $50 million/month. Two explosions and fire racked the 40-story platform Thursday, killing one person, seriously burning one and leaving nine missing.
  • 03/15/2001 -- Venezuela prepares to tender gas fields
    Venezuela�s Energy and Mines Ministry has appointed a commission to handle a public tender for private national and foreign investment to develop 11 areas rich in non-associated gas reserves, a ministry source said Thursday. Licenses will be granted to private companies to help accelerate gas development.
  • 03/15/2001 -- Shell issues contracts for Bonga field off Nigeria
    Shell Nigeria Exploration and Production Company Ltd., on behalf of the Nigerian National Petroleum Corp., Thursday issued contracts to four European companies for the development of its $2.4 billion deepwater Bonga oil and gas field off the West African state.
  • 03/15/2001 -- Bush says US may open national monuments to exploration
    President George W. Bush said Wednesday his administration could consider allowing oil and gas drilling on national monument lands, areas currently off limits to exploration. Bush made the comments during a meeting with reporters at the White House.
  • 03/14/2001 -- Data from Burlington Resources� deep duster may add reserves
    A 25,855-ft step-out well drilled in central Wyoming by Burlington Resources Inc., Houston, proved noncommercial, but the data gained could add as much as 600 bcf of natural gas reserves to the Madden field, officials said Wednesday.
  • 03/14/2001 -- Canadian Superior plans Nova Scotia wildcat on trend with PanCanadian strike
    Canadian Superior Energy Inc., Calgary, said Wednesday it will spud an Abenaki reef wildcat off Nova Scotia by September. It said the prospect, 20 km northwest of Sable Island, is on trend and analogous to PanCanadian Petroleum Ltd.�s recent 2 tcf Abenaki reef gas discovery 25 km to the southwest.
  • 03/13/2001 -- Industry challenged to find and develop oil and gas supplies
    Even with increasing access to potentially large international reserves, the oil and gas industry faces challenges in balancing new supplies against growing demand, analysts said Tuesday at a Houston conference sponsored by IHS Energy Group of Denver.
  • 03/13/2001 -- Esenjay has deep gas discovery in Texas� Wilcox trend
    Esenjay Exploration Inc. said Tuesday it has a gas discovery in the deep Wilcox trend of Goliad County, Tex. The Pereira Children's Trust No. 2, drilled on Esenjay's 25 sq mile Hordes Creek 3D seismic project, flowed at an unstimulated rate of 17.6 MMcfd with flowing tubing pressure of 7,002 psi through a 22/64-in. choke.
  • 03/13/2001 -- PGS completes sale of Petrobank data management unit
    Petroleum Geo-Services AS said Monday it had completed the sale, signed in December, of its Petrobank Data Management business to Halliburton Co. subsidiary Landmark Graphics Corp. The final purchase price of $175 million was $4 million less that originally agreed due to several changes.
  • 03/09/2001 -- Tax relief allows Talisman to redevelop Beatrice field in the UK
    Talisman Energy Inc. Friday announced plans for a �32 million redevelopment of the marginal Beatrice field on Block 11/30a in the inner Moray Firth after the British government granted unique tax relief. The Beatrice Life Extension Project would add 5-10 years onto the expected producing life of the aging field.
  • 03/07/2001 -- Australian government awards Timor Sea permit to consortium
    The Australian government awarded a three-company consortium led by Daytona Energy an exploration permit in the Timor Sea off northwestern Australia. The AC-P-32 permit�in 60-100 m of water�is in the Vulcan subbasin of the Bonaparte basin.
  • 03/07/2001 -- Alaska state legislators say timing is right for ANWR leasing
    Alaska lawmakers Wednesday said they hope the federal government will soon hold a lease sale in the hotly disputed coastal plain region of the Arctic National Wildlife Refuge. A group of bipartisan lawmakers on Capitol Hill say the region is too environmentally sensitive to expose to any commercial development.
  • 03/07/2001 -- Repsol-YPF discovers three fields off Indonesia
    Repsol-YPF SA Wednesday announced the discovery of three oil and gas fields on West Madura Block, off Java, Indonesia. Three exploration wells, KE23-1, KE13-1, and KE24-1, were drilled in separate structures in Kujung limestone.
  • 03/07/2001 -- DUC to expand Halfdan field off Denmark
    Dansk Undergrunds Consortium has submitted a 4.2 billion Danish kroner ($520 million) plan for further development of Halfdan field off Denmark. A.P. Møller company Mærsk Olie og Gas AS, Royal Dutch/Shell Group, and Texaco Inc. are partners in the DUC.
  • 03/05/2001 -- Lundin Oil strikes oil in Sudan
    Lundin Oil AB announced Monday an oil discovery on Block 5A in Sudan. The Thar Jath discovery was drilled to 1,820 m total depth and encountered 63 m of net pay over two sand reservoirs, the Bentiu and the Aradeiba. The well flowed at 4,260 b/d from three drillstream tests of both zones.
  • 03/05/2001 -- Esso, Petronas reach milestone in Angsi field development
    Malaysian national oil company Petronas has announced completion of the first phase of development of Angsi field off Malaysia in the South China Sea. First gas from Angsi is expected in the first quarter 2002.
  • 03/02/2001 -- Carpatsky Petroleum acquiring Lateral Vector Resources
    Carpatsky Petroleum Inc. Friday announced a letter of intent to acquire Lateral Vector Resources Inc., Regina, Sask., in a stock-for-stock transaction that will add Ukrainian oil assets to Carpatsky�s existing Ukrainian gas assets.
  • 03/01/2001 -- Regulators around globe watch Hutchinson, Kan., gas leak incident
    Natural gas that apparently escaped from an underground salt storage unit and erupted in Hutchinson, Kan., killing two residents, has put a solution mining operation on hold in the UK and prompted German regulators to seek more information on such activity, an industry consultant said Thursday.
  • 03/01/2001 -- Congressional coalition introduces bill to protect ANWR
    A congressional coalition filed legislation Wednesday to protect the coastal plain of the Arctic National Wildlife Refuge in northeastern Alaska from oil exploration. The bill has 120 Republican and Democratic cosponsors in the House of Representatives.
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