-- Bolivia Orca Petroleum Inc., Calgary, acquired with YPFB approval, a 12.5% working interest in the Villamontes Block in southern Bolivia for $287,500 and is seeking other oil investments in the country.
-- Texas Vintage Petroleum Inc., Tulsa, plans to start a multiwell drilling program in fourth quarter 2002 aimed at gas in low-permeability Devonian carbonates in the Val Verde basin (OGJ, Feb. 11, 2002, p. 40).
-- PTTEP expands exploration operations to Oman Oman's Ministry of Oil & Gas has awarded an oil and gas exploration license in Oman to PTTEP Middle East Co. Ltd., marking the company's first entry into Middle East exploration.
-- PTTEP moves to Bongkot Phase 3C development The Thai-European consortium led by PTT Exploration & Production PCL has awarded a $33 million contract to Nippon Steel Corp. to build and install the 13th wellhead platform at Bongkot gas field.
-- Kollsnes gas plant to process Visund gas The North Sea's Visund field partners plan to deliver natural gas from the field to Statoil's planned 26 million cu m/day gas processing plant at Kollsnes near Bergen, Norway.
In this webinar we'll discover how Smarter Infrastructure from IBM can help oil and gas production, pipeline and storage teams. Learn how you can reduce response time from your existing sensors to seconds, and provide valuable intelligence to your enterprise.
Though unconventional plays are rich in resources and high in economic potential, many challenges can be associated with the development of these fields. Have you experienced the challenges of tight project economics, significant geologic uncertainty, large engineering initiatives, multiple wells, rapid decline rates, high service intensity and costs?
West Engineering Services and IBM will discuss how the oil & gas companies are driving toward both greater productivity and reduced risk through new integrated operation approaches. These companies are deploying new processes and better leveraging technology to achieve these dual goals.