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Drilling Production 2003 P

  • 01/21/2003 -- Flare leak shuts down Åsgard B briefly
    Statoil ASA shut down production Jan. 19 on Åsgard B gas platform in the Norwegian Sea because of damage to the flare system, the company said.
  • 01/21/2003 -- Second deepwater gas find reported off eastern India
    An Indian and a Canadian operator have gauged another deepwater gas discovery on Block D6 in the Krishna-Godavari basin off eastern India.
  • 01/20/2003 -- Interior solicits comment on NPR-A leasing options
    US oil and gas companies may get more leasing opportunities in the NPRA under a series of proposals being reviewed by the Department of the Interior's Bureau of Land Management.
  • 01/17/2003 -- Canadian drilling jumps again as US drops 5 units
    Canadian drilling activity continued to soar this week. After adding 100 rigs last week to 444, another 76 rigs started drilling this week for a total of 520 working.
  • 01/17/2003 -- Petrobras: Coral field production imminent, Caravela Sul tests complete
    Brazilian state oil company Petroleo Brasieiro SA (Petrobras) is near first oil production at Coral field and has upgraded reserves at the Caravela Sul discovery, both on Block BS-3 in the Santos basin.
  • 01/17/2003 -- Week of Jan. 12 turning point for oil markets
    The week of Jan. 12 could prove to be a crucial turning point in world oil markets for 2003--and perhaps for a long time to come.
  • 01/14/2003 -- TrueNorth defers Fort Hills oil sands project development
    TrueNorth Energy Corp., Calgary, has deferred development of its Fort Hills oil sands project 90 km north of Fort McMurray, Alta., citing escalating costs in general and market uncertainty.
  • 01/13/2003 -- Iran's Balal oil field starts production
    Iran's offshore Balal oil field came on stream, following a $310 million development program led by TotalFinaElf SA.
  • 01/10/2003 -- IMF updates
    The International Monetary Fund recently scrutinized the economies of two key oil exporters, Nigeria and Kuwait. Both governments, like most other members of the Organization of Petroleum Exporting Countries, rely heavily on petroleum export revenue.
  • 01/10/2003 -- US drilling activity increases by 14 rigs
    US drilling activity increased this week, adding 14 rotary rigs for a total of 851 working, officials at Baker Hughes Inc. reported Friday.
  • 01/07/2003 -- Analyst calls drilling slump "normal" for January
    The rig count dropped going into January from December just as it has for each of the last 55 years, noted Banc of America Securities LLC analyst James K. Wicklund.
  • 01/07/2003 -- BP awards Bureau Veritas Plutonio FPSO classification
    BP Exploration (Angola) has awarded a contract for classification and verification of its planned Plutonio floating production, storage, and offloading vessel to international classification and certification society Bureau Veritas.
  • 01/03/2003 -- US drilling activity hits new year slump
    US drilling activity slumped into the new year, down 25 rotary rigs to 837 working this week, officials at Baker Hughes Inc. reported Friday.
  • 01/03/2003 -- Venezuela displacing Iraq as chief oil market worry
    The prospect of regime change in Venezuela has become a bigger factor in oil markets than that of regime change in Iraq. The main reason for that difference is that the Venezuelan oil supply disruption has already occurred. And markets are already feeling the effects.
  • 12/05/2003 -- Jasmim deepwater field production begins off Angola
    Production has begun from Jasmim field on deepwater Block 17 about 150 km northwest of Luanda off Angola. Angola's state oil company Sonangol EP, Sociedade Nacional de Combustiveis de Angola is concessionaire, and Total SA subsidiary Total E&P Angola is operator of the field. Jasmim is the second of 15 discoveries on Block 17 to be brought on stream, following Girassol field in December 2001.
  • 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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