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02/07/2002 -- CNRL, Tullow, Petroci bring Espoir field off Ivory Coast on stream
Canadian Natural Resources Ltd., Calgary, has begun production from one well at Espoir field on CI-26 off Ivory Coast at 8,500 b/d of oil. Production to the floating production, storage, and offloading vessel Espoir Ivoirien will increase to 30,000 b/d by the end of the third quarter.
02/07/2002 -- Alaska sets 5-year area-wide leasing plan for state oil lands
Alaska has set a 5-year area-wide leasing program for state lands in the Cook Inlet, Beaufort Sea, North Slope, and North Slope Foothills areas.
02/07/2002 -- Exploration/Development news briefs, Feb. 7
MMS ... Woodside Energy ... BP ... Gulf of Suez Petroleum ... Petroleum Geo-Services ... First Calgary Petroleums ... Entreprise Nationale de Geophysique ... Petroleum Agency ... Magnum Hunter Resources ... Southwestern Energy ... Swift Energy New Zealand
02/06/2002 -- IFP sees geopolitical problems in developing oil beyond 200-mile zone
Development of oil in waters beyond the 200-mile economic zone will raise some difficult geopolitical questions, the Institut Français du Pétrole has been told.
02/05/2002 -- Carigali Overseas takes another Equatorial Guinea block
Carigali Overseas Sdn. Bhd., an affiliate of Petronas, has signed another production-sharing agreement with Equatorial Guinea for Corisco Bay Block N in the Rio Muni basin, said block partner Ocean Energy Inc., Houston.
02/05/2002 -- Petroleos de Venezuela to explore for gas in offshore Orinoco Delta
Petroleos de Venezuela SA (PDVSA) has begun a $375 million, 2-year exploration program in the waters of the Orinoco Delta, hoping to add natural gas reserves to meet internal and export needs.
02/01/2002 -- Hunt Oil subsidiary makes winning bid for Peel Plateau exploration rights in Canada
Hunt Oil Co. of Canada Inc., a subsidiary of privately held Hunt Oil Co., Dallas, was awarded oil and gas exploration rights in the Peel Plateau of northwest Canada by Yukon province officials Friday.
01/31/2002 -- McMoRan says promising Mound Point well flowed 10-20 MMcfd
McMoRan Exploration Co. said a well on its Louisiana state lease 340 flowed 10-20 MMcfd over a 42-ft interval. In addition to the tested interval, the Mound Point well found a laminated sand section at 16,890-17,275 ft that could also contain hydrocarbons.
01/31/2002 -- Statoil applies electromagnetic wave technology to offshore exploration
Statoil ASA has formed a company, Electromagnetic GeoServices, to develop electromagnetic wave technology to search for oil and gas.
01/31/2002 -- A closer option
Policy-makers told US oil companies at a Jan. 25 conference in Washington, DC, that within a generation Africa may supplant the Middle East as the US's most critically strategic energy supplier.
01/30/2002 -- Kuwait signs preliminary terms agreement for Qatar gas purchase
Kuwait has signed a preliminary protocol and terms agreement for a proposed purchase of Qatari gas over 25 years, beginning in 2005, said deal participant ExxonMobil Corp.
01/30/2002 -- Finance/Companies news briefs, Jan. 30
BP ... Veba ... Argonauts Group ... Chain Energy ... PDVSA ... Petroleos Paven ... Vepica International ... Westfort Energy ... Patterson
01/30/2002 -- Anadarko says accounting error prompts $1.7 billion writedown
Anadarko Petroleum Corp. is taking a $1.7 billion writedown of US oil and gas properties to correct a mistake in its third quarter 2001 earnings. It said it miscalculated the required writedown of the book value of US properties acquired in its July 2000 merger with Union Pacific Resources Inc.
01/30/2002 -- Amerada Hess finds more oil in Rio Muni basin off Equatorial Guinea
Amerada Hess Corp. has found oil at its Ebano prospect in the Rio Muni basin off Equatorial Guinea. Ebano is on Blocks F and G in 2,052 ft of water.
01/29/2002 -- International opportunities exist for independents who manage risks
There are "many opportunities in the world" for international independent operators to find large oil and natural gas reserves if they manage risks, said industry analysts and executives at the opening of the 10th annual North American Prospects Expo Tuesday in Houston.
01/29/2002 -- Brunei Shell awards Technip-Coflexip lump-sum contract for Egret field
Brunei Shell Petroleum Co. has awarded Technip-Coflexip Group a contract related to the $80 million development of Egret field off Brunei.
01/29/2002 -- Unocal, Marathon, ChevronTexaco earnings deflated by lower prices
Fourth quarter revenues plunged for Unocal Corp., Marathon Oil Corp., and ChevronTexaco Corp., the companies reported Tuesday. The companies blamed the losses on sharply lower prices for oil and gas, compared with the last period of 2000.
01/28/2002 -- Exploration/Development news briefs, Jan. 28
Shell Nigeria Exploration & Production ... ExxonMobil ... Greenland ... Meridian Resource ... Energy Partners Ltd. ... Nexen Petroleum
01/28/2002 -- Peru expects 10 wildcats this year, prepares to auction three blocks
Peruvian state oil company Perupetro expects 10 wildcats to be drilled this year, four in the jungle region and six on the northwestern coast.
01/28/2002 -- Finance/Companies news briefs, Jan. 28
Powder River Basin Gas ... Big Basin Petroleum Services ... Goodrich Petroleum ... PACE ... Devon Energy ... Mitchell Energy & Development ... GEOCAN Energy ... Paramount Resources ... Woodside Energy ... and more

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Exploration Development 2002 P