-- DONG to develop Nini, Cecilie, operate Siri The Danish Energy Authority has granted to Dansk Olie & Naturgas AS (DONG AS) and other licensees of Nini and Cecilie oil fields in the Danish North Sea authority to develop those fields.
-- Central considerations Better technology and a promising investment climate may translate into more industry interest in Nicaragua.
-- Rosneft awarded Sakhalin V exploration license OJSC NK Rosneft, on behalf of an alliance including BP PLC, has received a 5-year exploration license for part of Russia's Sakhalin V area off Sakhalin Island in Russia's Far East.
-- Pioneer acquires SCR land rig, financing Pioneer Drilling Co., San Antonio, has agreed to purchase an Oilwell 840E, 1,500 hp diesel electric rig from Drilling Structures International Inc. for $5.5 million
-- US land drilling activity registers small increase US drilling activity barely increased this week, up just 2 units to 840 rotary rigs in various phases of the drilling process and down sharply from 1,275 during the same period last year.
-- KIO to invest $3.5 billion at Karachaganak by 2003 Karachaganak Integrated Organization (KIO) said it will invest $3.5 billion in a project to develop Karachaganak gas condensate field in Kazakhstan, Russia's Interfax news agency reported.
-- US drilling declines for fourth straight week US drilling activity dipped again for the fourth consecutive week, down 6 rotary rigs to 838 compared with 1,277 during the same period a year ago, officials at Baker Hughes Inc. reported Friday.
The challenges associated with developing unconventional resources are driving the industry to implement more efficient work flows and more cost effective formation evaluation solutions, forcing optimization at every step. Join us at AAPG or via webcast to learn how applying a comprehensive, yet fit-for-purpose evaluation approach throughout the development life cycle has helped operators maximize value and optimize production.