Exploration Development 2001 P

08/24/2001 -- PetroChina to double Sulige field proved reserves to 500 billion cu m by yearend
PetroChina Co. expects to more than double the proven gas reserves of Sulige field in northwestern China's Ordos basin to 500 billion cu m by yearend. The company has drilled 16 wells at the 20,000 sq km Sulige field in the first 7 months this year.
08/24/2001 -- Pakistan awards Sindh concession to Hycarbex
Pakistan awarded Hycarbex-American Energy Inc. the Yasin concession in the Sindh province of Pakistan, said Hycarbex parent company The American Energy Group Ltd., Houston.
08/24/2001 -- Bluewater awards CSO subsea contract for Sable development
Bluewater UK Ltd., for Soekor Pty. Ltd. and other partners in Sable field off South Africa, awarded Coflexip Stena Offshore International the subsea part of the integrated engineering, procurement, construction, and installation contract.
08/23/2001 -- CNOOC makes another Wenchang find in Pearl River Mouth
CNOOC Ltd. made an oil and gas discovery with Wenchang 15-1 in the Pearl River Mouth Basin in the Western South China Sea. CNOOC plans to drill appraisal wells in the area next year. It said the structure covers 18.5 sq km.
08/22/2001 -- Independents and deep water rule Western Gulf of Mexico lease sale
The US federal sale of oil and natural gas leases in the western Gulf of Mexico drew $165.6 million in high bids for 320 tracts Wednesday, with independent producers providing most of the action and the deep waters in the Garden Banks area stimulating the most competition and top offers.
08/21/2001 -- Tanganyika plans Egyptian exploration program
Canadian company Tanganyika Oil Co. Ltd. plans a three-well exploration program on its West Gharib Block on the western coast of the Gulf of Suez, Egypt, starting in late fall. Tanganyika subsidiary Dublin International Petroleum (Egypt) Ltd., operates Hana oil field in West Gharib.
08/17/2001 -- Indiana regulatory staff calls for electric service quality rules
Over industry objections, the staff of the Indiana Utility Regulatory Commission recommended the commission set rules for service quality in a new assessment of the state electric power industry. Utilities said the action was unnecessary because they already have an obligation to provide reasonably adequate service.
08/17/2001 -- Lone Star buying North Star's tubular division for $430 million
Lone Star Technologies Inc. is buying the tubular steel division of North Star Steel Co. for $430 million. The division makes line pipe, standard pipe, mechanical pipe, coupling stock, and casing that are used primarily in the oil and gas exploration and transmission industry.
08/16/2001 -- Venezuela formally issues exploration licenses for six gas-prone blocks
Venezuelan Executive Vice-Pres. Adina Bastidas and Energy and Mines Minister Alvaro Silva Calderon formally have issued licenses to the winners of a recent tender for the exploration of six gas-prone blocks.
08/15/2001 -- US producers push for more access to prospects, as well as technology
An invited panel of 18 industry representatives said they want continued federal funding of technology research, plus some other concessions that US Department of Energy officials hadn't listed for discussion at a Houston hearing.
08/14/2001 -- Smith International Inc. and Sandvik AB form industrial drill bit JV
Smith International Inc., Houston, and Sandvik AB of Sweden announced Tuesday a joint venture to design, manufacture, and market roller-cone and specialty drill bits for the mining and construction industry.
08/13/2001 -- Sonatrach, BP award $2.5 billion in contracts for In Salah development
Algerian state oil and gas company Sonatrach, in association with BP PLC, on Sunday awarded three contracts worth a total of $2.5 billion to an international consortium for the development of Algeria's In Salah gas fields, said the Organization of Petroleum Exporting Countries' news agency.
08/13/2001 -- Conoco and partners to develop Sutu Den oil discovery off Viet Nam
Conoco and its partners in Block 15-1 off Viet Nam have declared that Sutu Den discovery is commercial. First production is expected in less than 3 years.
08/13/2001 -- MarkWest doubles reserves by acquiring two Canadian companies
MarkWest Hydrocarbon Inc., Englewood, Colo., has acquired two Canadian exploration and development companies for $51 million (US). MarkWest said the deal will more than double its reserves to 63 bcfe.
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.
08/09/2001 -- CONSOL acquires Virginia coalbed methane assets
CONSOL Energy Inc., Pittsburgh, Pa., signed a letter of intent to acquire Conoco Inc.'s interests in some coalbed methane gas production and gas-gathering pipelines in southwestern Virginia. The value of the deal was not disclosed.
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.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2001

Exploration Development 2001 P