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Drilling Production 2002 P
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01/03/2002 -- BP increases ownership of Nam Con Son gas fields off Viet Nam
BP PLC has bought Statoil ASA's share in two gas-producing blocks off Viet Nam. BP said its shares in the Nam Con Son basin have increased to 35% from 26.6% for Block 6/1 and to 100% from 66.6% in Block 5/2. -
01/02/2002 -- MMS approves use of FPSOs for Gulf of Mexico developments
The US Minerals Management Service has approved the use of floating production, storage, and offloading (FPSO) systems in the central and western Gulf of Mexico. The oil industry has sought to use FPSOs as it moves to develop fields in deeper areas of the gulf. -
01/02/2002 -- Agip and Nigerian Petroleum Development bring Okono field on stream
ENI SPA unit Agip Energy & Natural Resources has begun production from Okono field on OML 119 in 100 m of water off Nigeria. -
01/02/2002 -- Oil traders show little faith in effectiveness of OPEC output pact
The honeymoon between oil traders and the Organization of Petroleum Exporting Countries appears to be over, with prices falling again Wednesday on the London International Petroleum Exchange.
