Drilling Production 2004 P

12/01/2004 -- Petrobras, Sevan sign production MOU for Piranema field off Brazil
Petroleo Brasileiro SA (Petrobras) has signed a memorandum of understanding with Sevan Marine do Brasil Ltda., a unit of Norway's Sevan Marine, for the use of Sevan's SSP300 floating production, storage, and offloading vessel in Piranema field off Brazil under a long-term contract.
12/01/2004 -- Integrity questions spur action on reserves accounting, analyst says
Unprecedented reserves writedowns in 2004 have brought unwelcome attention to the oil and gas industry, leading to questions about the integrity of its participants, said Ron Harrell, chairman and CEO of Ryder Scott Co. LP, at a Nov. 18 meeting in Houston.
11/29/2004 -- Brazil plans $15 million Urucu drilling program in 2005
Petróleo Brasileiro SA (Petrobras) next year will begin a $15 million drilling program in the Urucu southeast basin, 650 km from Manaus in Amazon state, Brazil.
11/29/2004 -- Petro-Canada completes Terra Nova incident investigation; equipment failure cited
Equipment failure was the primary cause of a discharge of oily water from the Terra Nova FPSO Nov. 21, along with "a combination of factors," said operator Petro-Canada (OGJ Online, Nov. 24, 2004).
11/29/2004 -- Offshore processing options vary widely
Designers of new offshore processing facilities choose from a variety of systems in use around the world.
11/24/2004 -- Terra Nova production shut in following oily water discharge investigation, clean up
As much as 150,000 b/d of oil production remains shut in from Terra Nova field off Newfoundland, pending investigation of an oily water discharge from the field Sunday.
11/24/2004 -- Varg field decreases production pending new production riser
Petroleum Geo-Services ASA subsidiary Pertra AS, operator of Varg field on Block 15/12 (Production License 038) in the Norwegian North Sea, plans to continue operating the field at the lower rate of 15,000 b/d until the main production riser can be replaced in March 2005.
11/24/2004 -- Crude oil sales value at issue as Chad's third field starts up
The first 50 million bbl of Chadian crude oil has been shipped to world markets through the marine terminal at Kribi, Cameroon, according to the Chad-Cameroon project.
11/19/2004 -- Burlington brings Irish Sea Calder sour gas field on production
Burlington Resources Inc., Houston, started deliveries from the first field in the Rivers fields development project in the East Irish Sea.
11/19/2004 -- US drilling rebounds this week
US drilling activity rebounded this week, up by 9 rotary rigs to 1,268 working, compared with 1,107 during the same period a year ago, Baker Hughes Inc. reported Friday.
11/16/2004 -- MMS projects increased Gulf of Mexico oil, gas production
Production incentives could help push Gulf of Mexico oil production to 2.5 million b/d by 2011�with almost 80% coming from deepwater wells�from the current 1.5 million b/d, US Interior Department and Minerals Management Service officials said.
11/16/2004 -- Merrill Lynch sees 2,595 worldwide rig count in 2005
The worldwide rig count will average 2,595 in 2005, up 8% from its projected level this year, a Merrill Lynch & Co. analyst predicts.
11/15/2004 -- Large independents find opportunities in Southeast Asia deep water
Large independent companies are at the forefront in exploring and developing the deepwater potential in Southeast Asia, which may see an increase in deepwater expenditures during 2005-08.
11/15/2004 -- Partial financing approved for P-52 semi off Brazil
The Brazilian Development and Social Bank approved a $387 million loan for construction of a semisubmersible platform to be used in the second phase of development of deepwater Roncador oil and gas field off Brazil.
11/15/2004 -- BHP encounters oil in second appraisal of Shenzi discovery in Gulf of Mexico
BHP Billiton, operator of the deepwater Shenzi discovery on Green Canyon Block 653 in the Gulf of Mexico, reported that its second appraisal well, Shenzi-3, encountered 330 ft of net Miocene oil pay in a 410 ft gross hydrocarbon column.
11/12/2004 -- US, Canada rigs working, utilization rate continue to surpass 2003 numbers
A total of 1,259 rigs were working in the US this week—down 9 from last week but up by 148 over the number making hole the same week in 2003, reported Baker Hughes Inc.
11/12/2004 -- Pogo plans 100 wells on properties acquired in West Texas
Pogo Producing Co., Houston, plans to drill more than 100 wells during 2005-06 on West Texas oil and gas producing properties it is acquiring from a private company.
11/12/2004 -- Marathon awards APL Alvheim FPSO turret mooring system contract
Marathon Petroleum Norge AS let a 400 million kroner contract to Advanced Production & Loading AS, Arendal, Norway, to develop the turret mooring system for the Alvheim floating production, storage, and offloading vessel.
11/10/2004 -- Kerr McGee studies development options for Dawson Deep well in Gulf of Mexico
Kerr-McGee Oil & Gas Corp. plans to set casing in and temporarily abandon an apparent discovery well on its Dawson Deep prospect, on Garden Banks Block 625 in the Gulf of Mexico, while it studies development.
11/09/2004 -- Devils Tower production restarted in Gulf of Mexico
Production from Devils Tower oil and gas field on Mississippi Canyon Block 773 in the deepwater Gulf of Mexico has returned to pre-Hurricane Ivan levels, Pioneer Natural Resources Ltd. reported.

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Drilling Production 2004 P