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Exploration Development 2001 P8

  • 08/10/2001 -- DNO spuds wildcat near Heather in UK North Sea
    DNO Heather Ltd., a subsidiary of DNO ASA, Oslo, has begun drilling an exploration well on Block 2/5 in the UK North Sea. The well is 7.5 km southwest of Heather platform, also on Block 2/5, and aims for a target in the adjacent Block 2/4. DNO owns 100% of 2/4 and 2/5.
  • 08/09/2001 -- Sibneft, Yukos form JV to study areas off Chukotka district
    Russian companies Sibneft and Yukos agreed to jointly study exploration zones in the Chukotka and East Siberian seas off the autonomous Chukotka district.
  • 08/08/2001 -- Lukoil acquires stake in Komi Republic company
    Lukoil Overseas Holding Ltd., a subsidiary of Russian company Lukoil, agreed to acquire a 55% stake in OOO AmKomi for $38.5 million. The deal will bring Lukoil's stake in exploration and development company AmKomi to 65%, a controlling share.
  • 08/07/2001 -- Unocal begins oil production in Gulf of Thailand
    Unocal Corp. began its first oil production in the Gulf of Thailand. Plamuk field came on stream at 2,500-3,000 b/d of oil, which is expected to increase to 15,000-18,000 b/d in the first quarter 2002.
  • 08/07/2001 -- Pacific Gas & Electric returns to court to collect billions from consumers
    Pacific Gas & Electric Co. refiled a lawsuit against the California Public Utilities Commission Monday to recoup billions of dollars from ratepayers for money used to buy wholesale electricity during the state electricity crisis. A San Francisco federal judge dismissed a similar claim in May.
  • 08/03/2001 -- China targets major crude production boost at Bohai
    China plans to spend 50 billion yuan ($6 billion) over the next 5 years to boost production in the Bohai Sea. China National Offshore Oil Corp., China's sole offshore oil operator, will drill 1,100 production wells and build other offsite facilities to boost production to 20 million tonnes/year by 2005.
  • 08/02/2001 -- Industry groups see challenges for energy reform bill in US Senate
    Oil and gas industry groups were pleased Thursday with passage of the omnibus energy bill in the US House of Representatives. Environmental groups claimed the House bill was an unbalanced response to America's energy problems.
  • 08/02/2001 -- Clyde brings satellite gas field on flow in the Dutch North Sea
    Clyde Petroleum Exploratie BV, a wholly owned subsidiary of Conoco Inc., began production from Castricum-Zee gas field off the Netherlands on July 25. Clyde said the field has potential reserves of 35 bcf, or 70 bcf gross. It was opened 4 miles off the Dutch coast in June 2000.
  • 08/01/2001 -- Alaska to offer North Slope, Beaufort state leases Oct. 24
    The Alaska Division of Oil and Gas, Juneau, has scheduled concurrent North Slope and Beaufort Sea lease sales Oct. 24. The sale will begin at 8:30 a.m. at the Loussac Public Library in Anchorage.
  • 07/27/2001 -- Husky Oil plans three wildcats on South China Sea block
    Husky Oil China Ltd., a subsidiary of Husky Energy Inc., Calgary, signed a contract to explore Wenchang Block 39-05 in the Pearl River basin of the South China Sea. Husky will drill three exploration wells in the block, 100 km off Hainan Island, over 7 years, starting in 2002.
  • 07/26/2001 -- Indonesia's Pertamina announces separate oil, gas discoveries
    A production-sharing contractor made a 5 tcf natural gas discovery in the Luwuk Banggai regency of central Sulawesi in Indonesia, officials of Pertamina, the state oil company, said Thursday.
  • 07/26/2001 -- More gas lines to eastern markets needed if Arctic trunkline is built
    Building a pipeline to deliver gas from Alaska and Mackenzie Delta fields would have significant economic and environmental benefits, an INGAA Foundation study said Thursday. It added such a line would require more pipelines to demand centers in the eastern US and Canada.
  • 07/25/2001 -- Statoil awards Gullfaks A gas treatment expansion contract to Kværner
    Statoil AS has awarded a 380 million kroner ($41.3 million) contract to Kværner ASA unit Kværner Oil & Gas to boost gas treatment capacity on the Gullfaks A platform in the North Sea. The deal is part of the Gullfaks satellites phase II project, which will develop gas reserves in the Gullfaks South and Rimfaks satellite fields.
  • 07/24/2001 -- Market watch: Oil prices climb in hopes of OPEC production cut
    Oil futures prices rose Monday with continued speculation that the Organization of Petroleum Exporting Countries may decide on a third production cut next month. The September contract for benchmark US sweet, light crudes gained 18¢ to $26.12/bbl on the New York Mercantile Exchange.
  • 07/23/2001 -- MMS issues notice for Aug. 22 Gulf of Mexico lease sales
    The US Minerals Management Service Monday issued notice for two Gulf of Mexico offshore lease sales to be held concurrently Aug. 22 in New Orleans. They are Sale 180, which will offer 4,114 western gulf tracts, and Part 2 of central gulf Sale 178, which will offer 53 "Western Gap" tracts.
  • 07/23/2001 -- Lukoil, Itera sign deal for production, exploration in Uzbekistan
    Uzbekistan company Uzbekneftegaz and Russian companies Lukoil and Itera have signed a production-sharing agreement for oil and gas fields in Bukhara-Khivinsky and Gissarsky regions of Uzbekistan and an agreement for exploration in the country, said Lukoil.
  • 07/23/2001 -- Shell awards Technip contract for Soroosh-Nowrooz fields off Iran
    Shell Exploration BV, through a contractor joint venture, has awarded French company Technip SA an engineering and procurement contract for the development of the Soroosh and Nowrooz fields off Iran.
  • 07/20/2001 -- Reliant HL&P forecasts higher prices when Texas deregulates
    Reliant HL&P projected electricity prices will be higher after the Texas market deregulates in 2002 than prices in 1999 and 2000, but municipalities and consumer advocates complained the company doesn't adequately justify its price forecasts. (Third in a three part series)
  • 07/20/2001 -- Alaska to hold more North Slope Foothills lease sales
    Alaska Gov. Tony Knowles said Thursday the state will add some North Slope Foothills area-wide oil and gas lease sales to its 2002-06 leasing schedule, to be released in January. Knowles said that was in response to increased industry interest in North Slope natural gas.
  • 07/19/2001 -- PetroChina makes gas discovery at Tarim basin
    PetroChina Co. has made a natural gas discovery in Tarim basin in northwestern China. The discovery well Ake-1 was drilled to 3,341 m. It flowed 139,000 cu m/day of natural gas on an 8-mm choke.

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