Drilling Production 2003 P

05/12/2003 -- Nuclear outages bolster gas price outlook
Problems with nuclear power plants are proving to be a wild card for North American natural gas markets
05/09/2003 -- Operators award contracts for development work off Angola
Operators developing fields off Angola have recently awarded two major lump-sum, turnkey contracts for development work for their respective projects.
05/08/2003 -- ChevronTexaco's Tahiti appraisal wells confirm Gulf of Mexico oil discovery
ChevronTexaco Corp. said two Tahiti appraisal wells confirmed hydrocarbon reservoirs found in the Tahiti discovery well in the deepwater Gulf of Mexico and one appraisal well encountered more than 1,000 ft of net pay.
05/08/2003 -- Anadarko brings new offshore platform online off Qatar
Anadarko Petroleum Corp. has installed and commissioned the reconfigured Al Morjan platform in Al Rayyan oil field on Block 12 off Qatar. The platform, which can process up to 45,000 b/d of oil, will enable Anadarko to significantly increase production from the field, which it operates with a 92.5% interest in an exploration-production sharing agreement with Qatar. Preussag Energie holds the remaining 7.5%.
05/06/2003 -- BLM takes new steps to encourage Powder River CBM drilling
Producers moved one step closer toward expanding coalbed methane drilling in the Powder River basin under a recent decision by the US Department of the Interior's Bureau of Land Management.
05/06/2003 -- OTC: New approaches hold promise for overcoming drilling barriers
Offshore drillers must move away from conventional overbalanced drilling to drilling with tools normally associated with underbalanced drilling, according to presentations at this year's Offshore Technology Conference in Houston.
05/06/2003 -- OTC: MMS notes gulf shelf gas decline, deepwater start-ups
The US Minerals Management Service is particularly concerned about gas production declines from the Gulf of Mexico.
05/05/2003 -- OTC: Shuttle tankers contemplated as alternative to pipelines in Gulf of Mexico
Shuttle tankers used in conjunction with separate storage vessels offer a future option for transporting crude oil in the Gulf of Mexico, provided certain conditions are met, said panelists Monday at the Offshore Technology Conference in a news conference.
05/05/2003 -- ConocoPhillips starts production from McAdam gas field in North Sea
ConocoPhillips (UK) Ltd. began natural gas production of 60-65 MMscfd Apr. 27 from McAdam gas field in the southern North Sea.
05/05/2003 -- K2 Energy starts Bow Island gas production on Blackfeet Reservation
K2 Energy Corp., Calgary, has completed its first phase gathering system and pipeline to accommodate production from Palmer gas field, now producing out of the Bow Island formation, a shallow, low-pressure gas reservoir on the Blackfeet Reservation in eastern Glacier County, Mont.
05/05/2003 -- US exceeds 1,000 active rigs for first time in 18 months
US drilling activity rebounded with 1,001 rotary rigs working last week, 15 more than the previous week and up from 776 during the same period a year ago, officials at Baker Hughes Inc. reported Friday.
05/02/2003 -- Once again, reports of OPEC demise greatly exaggerated
It didn�t take long for the puzzlement of some analysts over the recent �split decision� by the Organization of Petroleum Exporting Countries to turn to predictions of OPEC�s demise.
04/25/2003 -- DRILLING MARKET FOCUS
Industry executive warns of rig exodus from US waters
Total US drilling activity dipped slightly this week, while offshore rig utilization and demand remained unchanged in the US sector of the Gulf of Mexico, industry sources reported Friday.
04/25/2003 -- DRILLING MARKET FOCUS: US drilling climbs from biggest first quarter jump in 15 years
Continued robust oil and natural gas prices should expand first-quarter gains in US drilling activity through the second quarter and beyond.
04/24/2003 -- Gorilla V jack up to resume drilling off eastern Canada
Rowan Cos. Inc. of Houston reported that its Super Gorilla Class jack up, Gorilla V, will resume drilling for Calgary-based EnCana Corp.
04/24/2003 -- Corridor Resources starts up McCully gas production
Corridor Resources Inc., Halifax, NS, has begun natural gas production from the first two wells in McCully field near Sussex, NB. About 2.3 MMcfd of the gas is being processed for delivery to a Potash Corp. of Saskatchewan mill 2 km from the field.
04/22/2003 -- Statoil to boost Statfjord recovery with foam
Statoil ASA is using foam-assisted water alternating gas (FAWAG) technology in Statfjord field in the North Sea to improve oil recovery. Such injections tested on Snorre in the same area, Statoil said, enabled one well to producie 1.5 million bbl of extra oil during the trial, at a cost of 10 million kroner.
04/21/2003 -- Huber awards Baker Energy operations, maintenance of onshore properties
Huber Energy, a unit of J. M. Huber Corp., has awarded Baker Energy, a unit of Michael Baker Corp, a 4 year contract to operate and maintain the onshore oil and gas producing properties of Huber's Midcontinent Business Unit, which includes production in the Panhandle and western Anadarko basin fields of Texas.
04/21/2003 -- Transocean to drill on Snøhvit
Statoil ASA signed a letter of intent valued at 700 million kroner for Transocean Sedco Forex Inc. to provide drilling and completion work on Snøhvit field in the Barents Sea. The contract award is subject to the approval of the other Snøhvit license partners.
04/17/2003 -- DRILLING MARKET FOCUS
Analysts see increased drilling, higher rig rates in effort to hike gas production
The upward trend in US drilling activity since the start of this year is likely to continue through this summer and boost day rates for premium offshore rigs in the second half of this year, said industry analysts.

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Drilling Production 2003 P