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Drilling Production 2004 P12

  • 09/27/2004 -- PetroTech Peruana to explore new block off Peru
    PetroTech Peruana SA recently closed a third offshore exploration and exploitation contract with Perupetro, the state oil agency, for B lock Z-33, in Peru's territorial waters off the Lima and Cañete provinces at depths of 400-1,200 ft.
  • 09/27/2004 -- Carbon sequestration forum approves capture, storage projects
    The latest ministerial statement from the Carbon Sequestration Leadership Forum (CSLF) held in Melbourne has approved 10 collaborative carbon capture and storage projects around the world.
  • 09/27/2004 -- Redeployment of FPSOs to new fields expected
    Of the 26 redeployments of floating production, storage, and offloading vessels proposed in 2004-2008, 21 will probably be completed at a cost of $830 million, said John Westwood, managing director of Douglas-Westwood Ltd., Canterbury.
  • 09/27/2004 -- SPE: Saudi Aramco aims at sustained deliverability
    Saudi Aramco is pursuing a strategy of maintaining low depletion rates of 1-3%/year in its fields for at least 20-25 years, said Nasen G. Saleri, Saudi Aramco manager-reservoir management, at the Society of Petroleum Engineers Annual Technical Conference and Exhibition in Houston Monday.
  • 09/29/2004 -- London independent inks 20-year pact to assist North Korea
    Aminex PLC, London independent, signed a 20-year petroleum agreement with the North Korea government to assist in developing the petroleum industry.
  • 10/01/2004 -- North Sea's Gadwall field development plan gets green light
    The UK Department of Trade and Industry approved a development plan for Gadwall oil field on Block 21/19 in the Greater Kittiwake Area (GKA). First oil is expected by February 2005.
  • 10/04/2004 -- US drilling activity continues to increase
    US drilling continued to increase, up by 4 units to 1,243 rotary rigs working the week ended Oct. 1, compared with 1,091 a year ago, Baker Hughes Inc. said Friday.
  • 10/04/2004 -- OGDCL boosts production from Chanda field, plans SRU at Dakhni plant
    Oil & Gas Development Co. Ltd. (OGDCL), Islamabad, reported that Chanda field, which began production July 17, is expected to produce 10 MMscfd of gas and 2,000 b/d of oil.
  • 10/04/2004 -- BHP Billiton awards 2-year drilling contract to newbuild GlobalSantaFe rig
    BHP Billiton Petroleum (Americas) Inc., part of the Melbourne, Australia, conglomerate, awarded a 2-year drilling contract valued at $157 million to GlobalSantaFe Corp.'s newbuild ultradeepwater semisubmersible rig, Development Driller I, for work in the US Gulf of Mexico.
  • 10/05/2004 -- Drilling revival under way off southeastern Australia
    Two semisubmersible rigs—the Jack Bates and the Ocean Patriot—have arrived off Victoria to begin multiwell drilling campaigns.
  • 10/05/2004 -- Petrobras to add 400 million bbl of crude reserves in Brazil
    Brazil's oil reserves are expected to increase by more than 400 million bbl by yearend 2004.
  • 10/05/2004 -- Tradestar, United Production to drill in Barnett Shale
    Tradestar Corp., Hot Springs, Ark., signed a letter of intent with United Production & Exploration, Houston, to acquire, drill, and develop 2,500 acres in the Barnett Shale area of north-central Texas.
  • 10/07/2004 -- Partners increase production from Etame oil field off Gabon
    Gross oil production from Etame oil field off Gabon in West Africa has increased to more than 22,000 b/d after the completion of an additional production well, said Sasol Petroleum West Africa Ltd., a field consortium partner.
  • 10/15/2004 -- US drilling registers slight decline
    US drilling activity dipped slightly this week, down by 5 units with 1,225 rotary rigs working this week, compared with 1,115 during the same period last year, said Baker Hughes Inc.
  • 10/19/2004 -- Growth seen for oil field spending in 2004
    On the strength of robust oil and natural gas prices, 2004 will be a record year for spending on oil field equipment and services, according to Spears and Associates Inc., a Tulsa market research company.
  • 10/20/2004 -- ChevronTexaco Tahiti well test exceeds expectations
    ChevronTexaco reported that a test of its Tahiti discovery well, Green Canyon 640 No. 1 in the Gulf of Mexico, indicates that production could be as much as much as 30,000 b/d of oil, exceeding pretest estimates of 25,000 b/d.
  • 10/20/2004 -- Goldeneye field starts up off Scotland
    Shell UK Ltd., on behalf of coventurers Esso Exploration & Production UK Ltd, Paladin Resources PLC, and Centrica Energy PLC, reported the start of production from Goldeneye gas-condensate field in the Outer Moray Firth, 100 km north of St. Fergus, Scotland.
  • 10/21/2004 -- BlackRock approved for Hilda Lake thermal SAGD project
    BlackRock Ventures Inc., Calgary, has received environmental and Alberta Energy and Utilities Board approvals to develop the company's 20,000 b/d Orion steam-assisted gravity drainage (SAGD) property as a commercial oil sands project at Hilda Lake in Alberta.
  • 10/22/2004 -- US rig count at highest level in more than 3 years.
    US drilling activity was up by 25 units to 1,250 rotary rigs working this week, the largest count since the week ended Sept. 3, 2001, when 1,252 rigs were making hole, said officials Friday at Baker Hughes Inc.
  • 10/26/2004 -- Drillers, operators share outlooks at IADC annual meeting
    Topics include managed-pressure drilling, deepwater and deep-gas drilling, and the annual rig census.

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