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Drilling Production 2003 P14

  • 12/08/2003 -- Physical fundamentals reassert themselves in oil markets
    Oil markets appear to be edging back towards dominance by mundane physical fundamentals and away from incorporating a geopolitical price premium. If that trend grows in 2004, will the Organization of Petroleum Exporting Countries continue to succeed with a sustained price-defense strategy? Early indicators are that it will, albeit at a slightly lower price level than in 2003.
  • 12/09/2003 -- Karachaganak deliveries furthered delayed to second quarter 2004
    BG Group reported Friday that production of oil from Karachaganak field in northwest Kazakhstan into the Caspian Pipeline Consortium export pipeline—along with sales at Novorossiysk—are not expected to resume until second quarter 2004.
  • 12/12/2003 -- US drilling activity slips for second week
    US drilling activity declined for the second consecutive week with 1,109 rotary rigs working, 2 less than the previous week but up from 850 at this time a year ago, officials at Baker Hughes Inc. reported Friday.
  • 12/12/2003 -- Gunnison hub producing in deepwater Gulf of Mexico
    Initial production of 35 MMcfd of natural gas and 500 b/d of oil has begun from the first of three subsea wells slated for 2003 completion in the 10-well Gunnison field development in the Gulf of Mexico. Kerr-McGee Corp. affiliate Kerr-McGee Oil & Gas Corp., Oklahoma City, is operator of the new hub.
  • 12/15/2003 -- Requirements drive multilateral project planning
    New technologies can be deployed faster when objectives are clear and requirements well-defined.
  • 12/16/2003 -- Smedvig secures tender rig contract in West Africa
    Total Congo has awarded a letter of intent to Smedvig ASA, Stavanger, to lease Smedvig's T-8 self-erecting tender rig.
  • 12/17/2003 -- ChevronTexaco, Schlumberger set new GOM record for well depth, pressure
    ChevronTexaco Corp. and Schlumberger Oilfield Services reported Monday the setting of a new measurement-while-drilling and logging-while-drilling depth and pressure records for the Gulf of Mexico.
  • 12/18/2003 -- North Sea Clapham development produces first oil
    Petro-Canada, 100% owner and operator of Clapham field on Block 21/24 in the UK Central North Sea about 165 km east of Aberdeen, reported that first production of crude oil from the field was achieved in late November. The field is tied back to the Triton FPSO.
  • 12/19/2003 -- Petrobras awards P-52 platform construction contracts
    Brazil state oil firm Petróleo Brasileiro SA (Petrobras) said it plans Friday to sign three contracts totaling close to $1 billion for the construction of its P-52 offshore platform to be installed in Roncador field in Campos basin off Brazil.
  • 12/19/2003 -- West Navigator drillship breaks time record for drilling in Mauritania
    West Navigator deepwater drillship has set a new drilling time record off Mauritania while drilling the Tiof West well in Chinguetti field for Woodside Mauritania Pty. Ltd., claims the drillship's owner Smedvig Rig AS. The drillship has been drilling three wells for Woodside in the area (OGJ Online, Dec. 2, 2003).
  • 12/22/2003 -- ChevronTexaco, Ecopetrol extend Guajira Area A production contract in Colombia
    ChevronTexaco Corp. subsidiary ChevronTexaco Petroleum Co. signed an agreement with Ecopetrol the Colombian national oil company in mid-December extending their existing Guajira Area A Association contract and continuing natural gas production in Colombia's northeastern coastal region.
  • 12/23/2003 -- RJA examines factors behind differing US natural gas production estimates
    Regarding conflicting reports about the direction of US natural gas production, Raymond James & Associates Inc. said, "the preponderance of the evidence supports the view that US gas production is falling by more than 4% on a year-over-year basis."
  • 12/23/2003 -- US drilling activity increases slightly
    US drilling activity increased by 2 rigs with 1,114 rotary rigs working, up from 862 at this time a year ago, officials at Baker Hughes Inc. reported Tuesday.
  • 12/29/2003 -- Another rank discovery off Mauritania indicates gas
    A remote exploratory well in the Atlantic off Mauritania has answered some questions, yet raised others about the remote frontier area.
  • 12/02/2003 -- CMS III partners begin Watt gas field production
    ConocoPhillips (UK) Ltd. commenced first production Nov. 28 from a single well in Watt gas field in the UK southern North Sea. Production steadily increased over 24 hrs to reach a stabilized flow rate of 148 MMscfd, reported partner Tullow Oil UK Ltd.
  • 12/26/2003 -- Noble Energy starts up gas production from Mari-B field off Israel
    Noble Energy Inc. has begun natural gas production from giant Mari-B field in the Mediterranean Sea 15 miles off Israel, that country's first offshore natural gas production facility. Noble Energy expects production to increase to 100 MMcfd by the end of March 2004, with ultimate gross production to reach 170 MMcfd.
  • 11/07/2003 -- Cheal-1 production test positive in New Zealand
    Indo-Pacific Energy Ltd., operator of the Cheal-1 well in the Taranaki basin—on the west coast of New Zealand's north island—initiated a successful production test of the well Oct. 20 (OGJ, Oct. 20, 2003, p. 47). Oil has flowed at an average of 70 b/d through a 5/8-in.choke to on-site production and storage facilities.
  • 11/14/2003 -- ConocoPhillips OKs Surmont oil sands project; plans 100,000 b/d of bitumen by 2012
    ConocoPhillips approved the $1.1 billion Surmont oil sands project 60 km southeast of Fort McMurray, Alta., and plans to start construction in early 2004. Initial bitumen production will commence in 2006, increasing to more than 100,000 b/d by 2012, ConocoPhillips said.
  • 10/06/2003 -- SPE earmarks $10 million for web site upgrades
    The Society of Petroleum Engineers has earmarked more than $10 million for web site enhancements, in a three-phase effort to expand members' access to technical knowledge, improve online collaboration and continuing education, and provide efficient online registration and membership renewal.
  • 09/02/2003 -- PetroSA, Pioneer begin oil production in Sable field off South Africa
    Petroleum Oil & Gas Corp. of South Africa (PetroSA (Pty.) Ltd.) and Dallas-based Pioneer Natural Resources South Africa (Pty.) Ltd., operators of Sable field off South Africa, have begun production, utilizing the Bluewater Group's Glas Dowr floating production, storage, and offloading vessel. The field is expected to produce 30,000-40,000 b/d of oil from 6 wells (OGJ, Feb. 24, 2003, p. 44).
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