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Drilling Production 2003 P
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03/17/2003 -- Nam Phong's gas production winds down
Natural gas production from Nam Phong, Thailand's first commercial gas field operated by a unit of ExxonMobil Corp., could last beyond 2010, albeit at declining rates. -
03/14/2003 -- Contracted offshore rigs up 11 to 184 in US Gulf of Mexico
US demand for mobile offshore rigs in the Gulf of Mexico jumped this week, adding 11 units under contracts, officials at ODS-Petrodata, Houston, reported Friday. -
03/14/2003 -- Meter designs provide wet-gas measurement alternatives
New meter designs provide real-time, wet-gas flow rates that are critical in applications such as measuring production from remote and subsea fields. -
03/14/2003 -- Arizona helium pact contingent on carbon dioxide megaproject
The operator of the world's largest known, undeveloped accumulation of carbon dioxide and helium signed a major helium sales contract but said sales cannot begin until it finds a CO2 buyer and a pipeline is built. -
03/14/2003 -- GlobalSantaFe to suspend drilling operations in Kuwait
GlobalSantaFe Corp. Thursday reported the voluntary suspension of all six of its land rigs currently drilling in Kuwait due to "potentially imminent military conflict with Iraq." -
03/14/2003 -- Oil price collapse also a reasonable possibility
Last week, this column sought to analyze what appears to be a strong case for oil prices remaining above $30/bbl for the rest of the year. Can an equally strong case be made for the prospect of an oil price collapse this year? It certainly remains a reasonable possibility. -
03/11/2003 -- Douglas-Westwood: Industry to spend $170 billion on offshore drilling within 5 years
During the next 5 years, 14,626 offshore wells will be drilled worldwide at a cost of $170 billion, forecast energy consultant Douglas-Westwood Ltd. in its recent "World Offshore Drilling Report." -
03/11/2003 -- US oil service investments in Mexico secured by $400 million US loan
The Export-Import Bank of the US approved a $400 million long-term loan guarantee in support of 95 US exporters selling up to $447 million of oil and gas field equipment and services to Pemex. -
03/10/2003 -- Unocal Indonesia Co., Diamond Offshore ink drilling contract
Unocal Indonesia Co. has signed a drilling contract agreement valued at $44 million with Diamond Offshore Drilling for the Ocean Baroness semisubmersible rig to drill off Indonesia for an estimated 400 days. -
03/10/2003 -- Case-specific designs improve drill bit performance
Drilling performance can improve dramatically by using case specific bit selection and optimized drilling parameters. -
03/07/2003 -- US rig count increases by 17 to 929
US drilling activity increased by 17 rotary rigs to 929 working this week, up sharply from 769 during the same period a year ago, executives at Baker Hughes Inc. reported Friday. -
03/07/2003 -- Energy bill redux
Leaders in the Republican-led US Congress say they want a comprehensive energy bill to become law before Labor Day. Senate Energy and Resources Committee Chairman Pete Domenici (R-NM) still wants an energy bill, and he wants it ready for floor consideration by June. -
03/07/2003 -- Strong case for $30+/bbl for rest of year
The strong likelihood that war will erupt in Iraq in the coming weeks warrants fresh analysis of how the oil market will respond to a US-led invasion. -
03/06/2003 -- TotalFinaElf drills new wells in Balal field off Iran
Paris-based TotalFinaElf SA is drilling three additional producer wells in Balal field in the Persian Gulf off Iran. The wells are expected to enter production by mid-2003, the company said. -
03/03/2003 -- BP selects Wood Group to construct, operate Colombia processing facility
BP Exploration Co. (Colombia) Ltd. has awarded a 5-year contract to a unit of UK-based John Wood Group PLC to expand, operate, and maintain an intermediate processing facility in Floreña field in Colombia's Casanare region about 100 miles northeast of Bogota. -
03/03/2003 -- Petrobras awards Weatherford $34 Million expandable sand screen contract
Petroleo Brasileiro SA has awarded Weatherford International Ltd.'s completion systems division a 2-year contract valued at more than $34 million for supply of expandable sand screens in Brazil. -
02/27/2003 -- Anadarko makes natural gas discovery in Peace River arch of Alberta
Anadarko Petroleum Corp. has drilled a Devonian natural gas discovery in the Peace River arch of Alberta, expanding the proven and probable reserves to 130 bcf of gas from a multizone play. -
02/26/2003 -- Coiled-tubing fracturing effectively stimulates multiple coal seams
Coiled-tubing fracturing provides a way to economically and effectively stimulate multiple coal seams. -
02/24/2003 -- RJA: US natural gas production down 6.4% year-over-year
The US appears on the verge of another major natural gas supply shortage, Raymond James & Associates Inc. said upon receiving full results from a fourth quarter 2002 US natural gas production survey. -
02/24/2003 -- MMS reports fast pace for deepwater Gulf of Mexico activity
The US Minerals Management Service (MMS) reported that despite the general downturn in drilling, 2002 was a year of significant deepwater activity in the Gulf of Mexico.
