Exploration Development 2003 P

07/03/2003 -- DRILLING MARKET FOCUS
US drilling activity continues to creep higher
US drilling activity increased slightly this week, up 3 rotary rigs to 1,077 working, officials at Baker Hughes Inc. reported Friday.
07/03/2003 -- Lukoil, Gazprom establish JV to develop Caspian Sea fields
Russian oil and natural firms OAO Lukoil and OAO Gazprom Tuesday established a joint venture to develop the Tsentralnaya structure in the Caspian Sea along with Kazakhstan's ZAO NK KazMunaiGaz.
07/03/2003 -- Lundin Petroleum has broad plans to develop fields in Tunisia
Lundin Petroleum, Stockholm, plans to develop several fields in and off Tunisia in coming years.
07/02/2003 -- Talisman joins Total in Alaska NPRA exploration project
Talisman Energy Inc., Calgary, has entered into an agreement with Total E&P USA Inc., to explore 360 sq miles of Total's lease in 10 National Petroleum Reserve Area blocks on the Alaskan North Slope. Operator Total acquired the acreage in two tracts in the government's May 2002 lease sale.
07/02/2003 -- Petrobras charters offshore rigs, platforms following tax dispute
Petroleo Brasileiro SA (Petrobras), Brazil's state-owned oil company, reported that it has signed international contracts chartering offshore drilling and production units despite the Brazilian Internal Revenue Service's contention (on the basis of the second article of Law 9,537/97) that such rigs cannot be classified as sea-going vessels and therefore should not be chartered but leased.
07/01/2003 -- Woodside awards Enfield FPSO hull contract
Woodside Energy Ltd. has awarded a contract to Samsung Heavy Industries Co Ltd. of South Korea to construct the hull for a floating production, storage and offloading vessel for its Enfield oil development off Western Australia.
06/27/2003 -- New seismic better defines North Ustyurt basin potential
The Talshin structure and the central and eastern parts of License 953 in the North Ustyurt basin of western Kazakhstan should be productive, interpretation of new seismic data indicates.
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.
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.
06/20/2003 -- 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.
06/17/2003 -- 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.
06/09/2003 -- Amerada Hess Thai unit makes natural gas discovery in Thailand
Amerada Hess Corp. unit Amerada Hess (Thailand) Ltd. said Phu Horm-3 well on Block E5N in the northeastern province of Udon Thani in Thailand has encountered dry natural gas.
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.
06/06/2003 -- New Petrobras oil reserve could reach 2.1 billion bbl, up 23.5%
State-owned oil giant Petroleos Brasileiro SA (Petrobras) announced four new important oil field discoveries on BC-60 Block in the northern Campos Basin off Espírito Santo state.
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.
06/04/2003 -- 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.
06/03/2003 -- 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.
06/03/2003 -- 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.
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%.
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.

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Exploration Development 2003 P