Drilling Production 2003 P

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.
12/02/2003 -- Wicklund: US drilling activity to increase in 2004
US drilling activity is expected to increase in 2004 because rig efficiency is improving, said James K. Wicklund, an analyst with Banc of America Securities LLC.
11/26/2003 -- US drilling activity increases by 6 rigs
US drilling activity increased by 6 rotary rigs to 1,113 units working this week, Baker Hughes reported Wednesday ahead of the Thanksgiving Day holiday. That's up from 835 active rigs during the same period a year ago.
11/26/2003 -- N2 foamed spacers prevent annular pressure buildup at Marlin
The use of nitrogen-foamed spacers is a proven mitigation technique for wells with potential problems with annular pressure buildup.
11/26/2003 -- Niko Resources gears up to explore, exploit fields in Bangladesh
Niko Resources Ltd., Calgary, began work this month on newly acquired Block 9, which covers 6,880 sq km surrounding the capital, Dhaka.
11/25/2003 -- Pemex awards Fronterizo block, reschedules Olmos
After receiving two tenders and rejecting one for technical deficiencies, Mexico's national oil and gas company Petroleos Mexicanos (Pemex) selected a group led by Brazil's Petróleo Brasileiro SA (Petrobras) to develop the Fronterizo block in northeastern Mexico under a $265 million Multiple Services Contract (MSC). The 15 year contract includes gas field development, including the drilling of 100 wells; installation of infrastructure; and maintenance on the block in Nuevo Leon state.
11/24/2003 -- CAPP: Estimates reveal Canadian oil sands reserves increased 'substantially' in 2002
The Canadian Association of Petroleum Producers' yearly estimate of crude oil and natural gas reserves revealed that Canadian oil sands reserves rose substantially in 2002.
11/24/2003 -- New Zealand faces tightening natural gas market, study finds
According to a recently released study, New Zealand is having to cope with an ever-tightening natural gas market in a scenario reminiscent of that currently facing North America.
11/24/2003 -- Magnum Hunter starts production from South Timbalier 264B
Irving, Tex.-based Magnum Hunter Resources Inc., operator of South Timbalier 264B platform in the Gulf of Mexico, reported Monday that initial production has begun from two wells in the field. The wells tested at a combined rate of 9 MMcf of natural gas and 300 b/d of condensate.
11/21/2003 -- Gulf of Mexico leads drop in US drilling activity
US drilling activity continued to decline this week, down by 4 rotary rigs to 1,107 working, officials at Baker Hughes Inc. reported Friday. That's up from 826 at this same period last year.
11/21/2003 -- DOT: Forecasters expect strong deepwater activity trend
Although their forecast numbers differ, John Westwood of Douglas-Westwood, Canterbury, UK, and Paul Hillegeist, president of Quest Offshore Resources Inc., Houston, both expect deepwater development activity to increase greatly during the next decade.
11/21/2003 -- Underbalanced, near-balanced drilling are possible offshore
Drilling underbalanced, or near balanced with lightweigh drilling fluids, has practical applications offshore.
11/21/2003 -- DRILLING MARKET FOCUS: North American drilling to increase in 2004
Banc of America Securities analysts have pointed out a disturbing trend--natural gas production added per year, per rig, in the continental US has been declining since 2000.
11/20/2003 -- BOC opens new CO₂ distribution depot in New Mexico for enhanced gas production
BOC Group, Murray Hill, NJ, has opened a new depot in Hobbs, NM, to distribute liquefied carbon dioxide for use in boosting production from natural gas wells in the Permian basin.
11/20/2003 -- DOT: Deepwater focus turns to smaller fields
The focus of deepwater production technology (in 2,000-3,000 m of water) now is on less costly and less risky methods for bringing onstream smaller satellite fields, in the range of 100 to 300 million boe.
11/18/2003 -- New world water-depth drilling record set in more than 10,000 ft of water
A new world record for water depth drilling—10,011 ft—has been set in the Gulf of Mexico, reports the US Minerals Management Service (MMS).
11/18/2003 -- Forest Oil begins initial production from deep shelf discovery
Forest Oil Corp. Monday reported initial production from its deep shelf discovery Well #21 on South Timbalier Block 72 in the Gulf of Mexico off Louisiana.
11/17/2003 -- Technique forecasts production from waterflooded reservoirs
A proposed technique using the observed trend of log water-oil ratio vs. cummulative oil produced can predict oil well decline rates on a time basis.
11/15/2003 -- Saudi swing role assured for another decade
Will Saudi Arabia continue to maintain its role as swing producer for oil markets in the coming decade? A new report by oil economist Tony Mackay, founder of Mackay Consultants Ltd., Inverness, Scotland, offers compelling evidence that the kingdom will not relinquish that role in the coming decade.
11/14/2003 -- Oriente limbo
Ecuadorian officials warn that a high-profile case against US major ChevronTexaco Corp. may further delay their plans to be a leading Latin American oil exporter this decade.

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Drilling Production 2003 P