Drilling Production 2002 P

06/18/2002 -- Lehman reports more US drilling permits issued in May than April
The number of drilling permits issued for 30 US states increased 7.2% during May from the April count as adjusted for comparable numbers of filing days, Lehman Bros. Inc. reports.
06/17/2002 -- Russian energy dialogues
Russian and US energy officials will meet in Houston Oct. 1-2 to help solidify an energy cooperation pact made between Russian President Vladimir Putin and US President George W. Bush last month in Moscow.
06/12/2002 -- ONGC to acquire drilling rig for deepwater probes
India's Oil & Natural Gas Corp. (ONGC)—currently sitting on a tight, 4-year deepwater exploration schedule—said it expects soon to acquire a deepwater rig for $100-150 million.
06/11/2002 -- Oxy claims record slimhole rotary steerable well in Oman
Occidental of Oman Inc. and Schlumberger Oilfield Services claim to have achieved a world first for the successful geosteering of a 4,712 ft, 6 1/8-in. slimhole lateral well in Oman's Safah field.
06/05/2002 -- Cascade prospect partners make hydrocarbon find in ultradeepwater gulf
Partners in the Cascade prospect on Walker Ridge Block 206 in the ultradeepwater Gulf of Mexico discovered an "encouraging hydrocarbon-bearing column," they said.
06/04/2002 -- Oklahoma legislature extends gross production tax rebates for deep natural gas wells
The Oklahoma Independent Petroleum Association (OIPA) has praised the Oklahoma legislature's recent passage of a statute containing tax incentives to spur natural gas exploration.
06/03/2002 -- Statoil terminates Byford Dolphin drilling contract
Statoil ASA has terminated its charter with a unit of Fred Olsen Energy ASA for the Byford Dolphin semisubmersible drilling rig, citing inadequate safety measures.
05/31/2002 -- Recent oil market bearishness has limits
Recent bearishness in oil markets may prove short-lived--and may be the breathing space markets needed.
05/24/2002 -- Rowan rig to drill first Marquis well off Nova Scotia
Canadian Superior Energy Inc., Calgary, Alta., and El Paso Oil & Gas Canada Inc., an indirect subsidiary of El Paso Corp., Houston, contracted for the Rowan Gorilla V, owned and operated by Rowan Cos. Inc., Houston, to drill the first well on the Marquis natural gas prospect off Nova Scotia, officials said Thursday.
05/24/2002 -- OPEC restraint sowing seeds for market share war
OPEC's price restraint today may be sowing the seeds of tomorrow's market share war.
05/21/2002 -- Newfoundland's first onshore oil, gas production begins
Canadian Imperial Venture Corp. completed the commissioning of existing facilities and was granted all necessary approvals and permits to begin production of oil and natural gas from Garden Hill field in western Newfoundland.
05/20/2002 -- Kerr-McGee sanctions development in Bohai Bay, China
Kerr-McGee Corp., Oklahoma City, has approved a development plan for its discoveries on Block 04/36 in Bohai Bay, China.
05/14/2002 -- DOE announces cooperative agreement to boost geothermal energy production
Sec. of Energy Spencer Abraham announced a cooperative agreement to develop and demonstrate an Enhanced Geothermal System (EGS) to boost production of geothermal energy in California.
05/14/2002 -- Teton Petroleum reports Siberian production surpasses 4,000 b/d
Teton Petroleum Co., Steamboat Springs, Colo., announced its field production in western Siberia has increased to 4,080 b/d of oil, with 1,020 b/d net to Teton.
05/09/2002 -- BP raises Atlantis reserves estimate, moves forward on development planning
BP PLC has updated reserves figures for its Atlantis discovery in the Southern Green Canyon region of the Gulf of Mexico to 575 MMboe. Initial estimates of Atlantis reserves were 300 MMboe.
05/08/2002 -- Statoil awards maintenance, modification contracts
Statoil ASA awarded contracts worth $330 million to ABB Group for maintenance and modification work on six oil and natural gas platforms in the North Sea and at the Kollsnes gas plant near Bergen, Norway.
05/07/2002 -- OTC: Compact well designs will lead the trend for deepwater
The economics of deepwater development will demand compact well demand compact well designs. Technology advances will make more-slender and smaller wells possible, reducing wellbore volume by as much as 40%. That was the message delivered by ABB Vetco Gray Vice-Pres. Norman Brammer at Monday's Offshore Technology Conference topical luncheon on "Deepwater Drilling Systems: Evolution and Integration with Production Systems."
05/07/2002 -- Burlington Resources signs first long-term onshore natural gas sales agreement in China
A unit of Burlington Resources Inc., Houston, has signed a field development-linked natural gas purchase and sales agreement with PetroChina Company Ltd., marking the first long-term agreement of its kind in China.
05/07/2002 -- Petrobras claims deepwater installation record
Petrobras Monday claimed a world record in ultradeep waters for the installation of a subsea natural gas lift manifold at a depth of 1,885 m (6,184 ft.) in Roncador field in the Campos basin off Brazil.
05/07/2002 -- Record deepwater completion took extensive planning
The Discoverer Spirit drillship, owned by Transocean Sedco Forex Inc., drilled and completed a record deepwater natural gas well in the Gulf of Mexico for Marathon Oil Co. and partners.

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Drilling Production 2002 P