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Drilling Production 2004 P
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01/20/2004 -- Statoil to increase oil recovery on Åsgard
Statoil ASA, operator of the Norwegian Sea Åsgard license—once called "the most daring and complex subsea project ever launched"—plans to increase oil recovery by 26 million bbl from Smørbukk, one of Åsgard's three fields (see development map, OGJ, Aug. 17, 1998, p. 66). -
01/19/2004 -- Statoil contracts Transocean Searcher for Asgard drilling
Statoil ASA has presented rig contractor Transocean Offshore with a letter of intent to charter the Transocean Searcher drilling and completion unit for its Åsgard license in the Norwegian Sea. -
01/19/2004 -- Norsk Hydro extends Smedvig's West Venture drilling rig contract
Norsk Hydro AS has extended for 2 years a drilling contract with Stavanger-based Smedvig ASA for use of the West Venture semisubmersible drilling rig, which has operated in Troll field for the last 4 years. The $150 million contract contains annual renewal options for 5 more years and includes incentives for drilling performance. -
01/16/2004 -- Bayu-Undan LNG project achieves first gas, other milestones
First gas is flowing from the Bayu-Undan natural gas and liquids field, reported participant Santos Ltd. Wednesday. The field lies in the Joint Petroleum Development Area (JPDA) of the Timor Sea, jointly shared by Australia and the newly independent East Timor (OGJ Online, Mar. 10, 2003). -
01/16/2004 -- BARNETT SHALE-Conclusion: Reservoir characterization improves stimulation, completion practices
Improved reservoir characterization insights allow operators to custom-fit stimulations and completion practices in the highly variable Barnett shale reservoirs. -
01/16/2004 -- US rig rate hits 27-month high
US drilling activity jumped by 21 units to 1,127 rotary rigs working in the US and its waters—the highest weekly rig count since early October 2001, officials at Baker Hughes Inc. said Friday. -
01/13/2004 -- Drilcorp places Kakwa well in Alberta on production
Drilcorp Energy Ltd., Calgary, reported its Kakwa 06-31-62-03W6 well was placed on production Jan. 4 and during the first week of production averaged 1 MMcfd of sweet natural gas and 32 b/d of natural gas liquids. -
01/13/2004 -- BP, partners make deepwater Gulf of Mexico oil discovery
BP PLC and partners BHP Billiton and Unocal Corp. reported an oil discovery on Green Canyon Block 823 in the deepwater Gulf of Mexico with the drilling of their Puma-1 exploration well. -
01/12/2004 -- China dominating oil demand growth outlook
With all the talk about oil supply growth in 2004, it may be easy to overlook the strong possibility that oil demand growth will outstrip expectations. -
01/09/2004 -- US drilling declines from record level but remains strong
US drilling activity dropped this week, down by 20 rotary rigs to 1,106 working, officials at Baker Hughes Inc. reported Friday. -
01/09/2004 -- Drilling expands in Texas' largest field
The Barnett shale of North Texas is one of the hottest drilling areas in the US. -
01/09/2004 -- BARNETT SHALE-1: Technological advances expand potential pay
Technology advances and rising gas prices are overcoming the complexities in developing the tight Barnett shale. -
01/06/2004 -- Princess field partners start up oil, gas production
Joint venture partners in Princess field subsea wells drilled on Mississippi Canyon blocks 765 and 766 in the Gulf of Mexico Monday reported start-up of oil and natural gas production Dec. 17, 2003. -
01/05/2004 -- Kestrel Energy farms out Wyoming CBM to Sun Delta, Victoria Petroleum
Kestrel Energy Inc., Denver, has farmed out its 30,000 acre Green River basin coal bed methane (CBM) acreage in Wyoming to Sun Delta Inc., operator, and Victoria Petroleum USA Inc. -
01/02/2004 -- US oil field chemicals demand to reach $4.2 billion through 2007
Demand for US oil field chemicals is expected to grow 6.1%/year through 2007 to $4.2 billion, according to a recent study from Freedonia Group Inc. entitled, "Oilfield Chemicals." -
01/02/2004 -- King Kong-Yosemite illustrates smaller deepwater development techniques
The King Kong-Yosemite deepwater project in the Gulf of Mexico involved technologies to make smaller projects either commercial or to better optimize larger projects.
