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Exploration Development 2003 P5

  • 05/15/2003 -- Malaysia
    Talisman Malaysia Ltd. reported its South Angsi No. 1 well discovered oil in Block PM-305 in two reservoir intervals, which will result in Talisman's second producing production-sharing contract in Malaysia.
  • 05/16/2003 -- Riyadh terrorist attacks spawn new price risk premium
    There is a new risk premium for oil prices: the threat of terrorist attacks in Saudi Arabia.
  • 05/16/2003 -- Mud gas isotope logging (MGIL) assists in oil and gas drilling operations
    Advances in sampling and analytical techniques now permit the isotopic analysis of very small amounts of hydrocarbon gases in air that are collected during drilling.
  • 05/16/2003 -- US producers report plentiful prospects as rig count rises
    With US drilling activity still on the rise, independent producers have enough good prospects to grow natural gas production over the next 3 years, if wellhead prices remain above $4/Mcf, said James Stone, an oilfield services analyst at UBS Warburg LLC, New York, in a Friday conference call.
  • 05/19/2003 -- Statoil installs Kvitebjørn topsides
    Statoil installed the 11,000 tonne Kvitebjørn platform topsides on the field in the North Sea Friday, following a weather delay in April. The topsides are on a 220-m tall, two-section steel jacket, installed by the Saipem 7000 crane ship.
  • 05/19/2003 -- India launches fourth round of exploration licensing
    India has initiated a new exploration program, offering 24 blocks in both proven and highly prospective areas, including ultradeepwater blocks for the first time. Areas under the NELP (New Exploration Licensing Policy) IV round include 11 onshore blocks, 1 block offshore in shallow water, and 12 deepwater blocks.
  • 05/22/2003 -- The Netherlands
    Danish authorities awarded privately owned Denerco Oil AS a 50% interest and operatorship of two North Sea exploration licenses, F9 and G7, covering 500 sq km adjacent to a large German license that Denerco also operates.
  • 05/23/2003 -- Houston Exploration discovers gas at High Island Block 115
    The Houston Exploration Co., Houston, announced a shallow-water, deep-shelf natural gas discovery at High Island Block 115.
  • 05/28/2003 -- Cuba invites Petrobras to explore for oil in the Gulf of Mexico
    The Cuban government has invited the Brazilian state-owned oil company Petroleo Brasileiro SA (Petrobras) to search for oil in the Gulf of Mexico.
  • 05/28/2003 -- Disputes flare anew over Iraqi E&D contracts
    Disputes have flared anew over the viability of Iraqi exploration and development contracts signed during the regime of President Saddam Hussein.
  • 05/30/2003 -- Peru reduces oil royalties to boost sluggish E&P sector
    Peru's President Alejandro Toledo has approved new legislation to boost sluggish oil exploration and production through a reduction in royalties to a minimum 5%.
  • 06/03/2003 -- Atlantic Canada
    TGS-NOPEC Geophysical Co. said it received all needed federal and provincial authorizations to begin acquisition of its 2003 multiclient 2D seismic survey campaign off Newfoundland and Nova Scotia.
  • 06/03/2003 -- Significant reserves may remain in parts of Peru's Maranon basin
    Exploration in the Maranon basin of northeastern Peru has focused primarily on one type of trap for the last 20 years. This does not, however, reflect the basin's true potential.
  • 06/04/2003 -- Tartan: Silver Oak No. 1 well's Lower Carneros interval noncommercial
    Calgary-based Tartan Energy Inc. reported that it's test of the Lower Carneros interval of its Silver Oak No.1 well in Bakersfield, Calif.—the first interval effectively tested on the well—has determined the presence of oil and natural gas, but not at economic rates.
  • 06/05/2003 -- Libya awards six land, offshore Libya
    National Oil Corp. of Libya has contracted Repsol-YPF SA of Spain, as operator, and partner OMV AG of Austria to undertake the exploration of six blocks onshore and off Libya.
  • 06/06/2003 -- Peru sets Camisea transportation rates; development drilling continues
    Peruvian energy regulator Osinerg has set the maximum tariff rates for the transportation of natural gas through the main pipeline by Transporte Gas Natural from the Camisea natural gas fields on the eastern slopes of the Andes to the Lima-Callao city gate.
  • 06/17/2003 -- Federal lands access in the US Rockies: Is the glass 40% empty or 60% full?
    The government and others are beginning to quantify the cumulative effects of restrictions and lease stipulations that govern access to federal lands in the US west, but more work remains.
  • 06/20/2003 -- LEAN ENERGY MANAGEMENT-3: How to realize LEM benefits in ultradeepwater oil and gas
    Industry faces the task of halving the cost and cycle times of ultradeepwater oil and gas field development projects, a challenge likened to that of landing man on the moon, if it is to render the projects economic at all.
  • 06/23/2003 -- Montenegro
    Ramco Energy PLC, Aberdeen, UK, raised $6.5 million through a private stock placement that it plans to use for its share of an exploration program on the 3,100 sq km Ulcinj block in the Adriatic Sea.
  • 06/26/2003 -- Kerr-McGee acquires deepwater E&P licenses off Bahamas
    Two affiliates of Kerr-McGee Corp., Oklahoma City, acquired 100% interest in nine oil and gas exploration and production licenses in the Blake Plateau basin about 100 miles north of Freeport, Grand Bahamas Island, company officials said Thursday.

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