Exploration Development 2002 P

04/02/2002 -- OMV group finalizes Sawan field gas sales to Pakistani distributor
OMV AG's Pakistan unit has announced the finalization of a gas sales and pricing agreement to supply 170 MMscfd of gas to Sui Northern Gas Pipeline Ltd. (SNGPL) from Sawan field in Pakistan's Sindh Province.
04/01/2002 -- Pakistan well yields oil and gas flows on Sanghar block
Pakistan's state owned Oil & Gas Development Co. Ltd. (OGDC) reported that tests of the Chak 63 No. 1 well in the Sanghar district of Sindh province in Pakistan have demonstrated commercial potential on the Sanghar block.
03/29/2002 -- Asian ascension
The Republic of Korea (South Korea) became a full member of the Paris-based International Energy Agency Mar. 28.
03/28/2002 -- Trinidad and Tobago banking its future on natural gas, but energy policy still evolving
Trinidad and Tobago's efforts to attract foreign oil investment center on maintaining a friendly regulatory and fiscal regime, strong leasing programs, and competitive gas pricing.
03/26/2002 -- Brigham reports lost surface control at natural gas well near Bay City, Tex.
Brigham Oil & Gas LP, a unit of Austin-based Brigham Exploration Co., reported that it lost surface control Mar. 24 while drilling a natural gas development well, Burkhart No. 1, at a depth of 10,370 ft in Providence field near Bay City, Tex., in Matagorda County. The well was the first offset to the field's discovery well, Stauback No. 1.
03/26/2002 -- Amerada Hess makes another oil discovery off Equatorial Guinea
A hot play area off West Africa has proven even hotter following a Mar. 25 announcement made by Amerada Hess Corp. reporting an oil discovery made off Equatorial Guinea on Block G in the Rio Muni basin. The discovery, called Elon, was made by the G-8 well and found 157 ft of net oil pay, Amerada Hess said. The well was drilled to 5,977 ft TD in 210 ft of water.
03/26/2002 -- Exxon to develop Bintang field off Malaysia in South China Sea
ExxonMobil Corp. recently revealed development plans for Bintang natural gas field, which lies 137 miles off Terengganu, Malaysia, in the South China Sea. ExxonMobil said development would cost a total $150 million.
03/26/2002 -- EIA sees developing nations as key force in rising energy demand
World energy consumption is projected to increase by 60% over the next 2 decades, according to an annual report released Mar. 26 by the US Energy Information Administration that predicts long-term trends in international energy markets. Much of the growth in worldwide energy use is expected in the developing world, EIA said.
03/25/2002 -- Kerr-McGee makes three discoveries in Navajo field area
Kerr-McGee Corp., Oklahoma City, said it made three new fault block oil and gas discoveries, each confirming commercial quantities of hydrocarbons, in the Navajo field area on East Breaks acreage in the deepwater Gulf of Mexico.
03/25/2002 -- Unocal appraisal well off Indonesia yields strong gas flows
Unocal Corp. subsidiary Unocal Ganal Ltd. reported hefty natural gas and condensate flow rates from an appraisal well in the deepwater Gendalo-Gandang gas field complex off Indonesia, demonstrating greater hydrocarbon potential for the complex.
03/21/2002 -- Thai cabinet extends Harrods exploration concession in Gulf of Thailand
Members of Thailand's government cabinet endorsed amendments to extend and ease terms of an oil and natural gas exploration concession in the Gulf of Thailand held by Harrods Natural Resources Inc.
03/19/2002 -- Ladyfern sales pipeline brought on stream
Calgary-based Canadian Natural Resources Ltd. has completed construction and commissioning of the 20-in., 7.5 mile Ladyfern Sales natural gas pipeline, which will transport gas from the Ladyfern region of British Columbia to TransCanada PipeLines Ltd.'s Owl Lake South meter station in Alberta. The pipeline, which came on stream Mar. 8, has the capacity to deliver 600 MMcfd of gas.
03/19/2002 -- RAND: Rockies oil, gas assessments fall short of real-world 'viability' test—a Mar. 19 update
Current oil and gas supply scenarios for the US Rocky Mountain region are "too narrow," because they focus mainly on availability of resources on federal lands. That's one of the conclusions of a recent report by Santa Monica, Calif.-based think tank RAND Corp. The report is likely to further fuel a rancorous debate over federal lands access in the region. One industry official slammed the study as another effort to block oil and gas development on public land.
03/14/2002 -- Market watch: Energy futures prices were mixed Wednesday
Energy futures were mixed Wednesday as traders digested bullish reports of lower US petroleum inventories and prepared for the meeting Friday of ministers from the Organization of Petroleum Exporting Countries in Vienna.
03/12/2002 -- Forest Oil, Anschutz expect South Africa gas contract soon
Forest Oil Corp. and Anschutz Corp. unit Anschutz International, Denver, will soon announce a contract to sell gas from Ibhubesi field in the Orange basin off South Africa, said John McIntyre, senior vice-president of international new ventures for Forest Oil.
03/11/2002 -- Flexibility, trust keys for government, operators in maximizing oil, gas value, pre-AAPG delegates told
Higher levels of cooperation, trust, and flexibility will be needed if host countries and international operators are to wrest the most value from oil and gas opportunities, said panel members in advance of the American Association of Petroleum Geologists annual convention here Sunday.
03/08/2002 -- PanCanadian moves ahead with development of Deep Panuke off Nova Scotia
PanCanadian Energy Corp. said it has filed regulatory applications for its Deep Panuke natural gas development project off Nova Scotia. The field, about 250 km east of Halifax, NS, on the Scotian shelf, is estimated to hold 1 tcf of gas.
03/08/2002 -- Iran should not interfere with Caspian interests, top US official says--a Mar. 12 update
Iran should stop trying to pressure its oil-rich Caspian neighbors to follow an agenda not supported by US political or commercial interests, a top US official told government and industry officials at a US-Azerbaijan Chamber of Commerce meeting Thursday. "We will not stand idly by and watch them pressure their neighbors," said Deputy Sec. of State Richard Armitage.
03/05/2002 -- Peru to auction blocks adjacent Camisea to four companies
Peru state oil company Perupetro said that it would auction concessions to four companies for Blocks 56, 57, and 58, which lie adjacent the Camisea natural gas fields.
03/05/2002 -- Murphy Oil confirms commerciality of oil find off Sarawak
Murphy Sarawak Oil Co. Ltd., a unit of Murphy Oil Co., has confirmed commerciality of its shallow-water oil find off Sarawak, Malaysia, and found gas on an adjoining block.

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Exploration Development 2002 P