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Drilling Production 2004 P6

  • Mon Mar 29 14:03:00 CST 2004 -- Orifice meters provide acceptable wet-gas measurements
    Wet-gas metering at wellsites saves capital and operating costs while providing acceptable accuracy unless liquid sugging occurs.
  • Fri Apr 02 14:04:00 CST 2004 -- US drilling push continues as Canada idles rigs
    Exploration companies in the US put 10 more rigs to work this week—9 on land and 1 offshore—compared with last week. The 1,160 rigs drilling are up from 972 in the same period last year. The majority (1,000) are drilling gas wells. Meanwhile, Canada idled 126 rigs.
  • Thu Apr 08 09:04:00 CDT 2004 -- EOR SURVEY: EOR continues to unlock oil resources
    OGJ's exclusive biennial EOR survey shows that enhanced oil recovery methods continue to recover remaining oil from mature fields.
  • Thu Apr 08 14:04:00 CDT 2004 -- North Sea drilling fleets poised for action
    Drilling continues in the North Sea with an overall rig utilization rate of 71.4%.
  • Mon Apr 12 12:04:00 CDT 2004 -- African reforms
    The US should be working harder to promote transparency and accountability in African oil-producing countries, according to a new report by the nonpartisan Center for Strategic & International Studies, Washington, DC.
  • Mon Apr 12 15:04:00 CDT 2004 -- US drilling activity slips from 31-month high
    US drilling activity slipped from a 31-month high, down by 22 rotary rigs to 1,138 working last week, compared with 979 during the same period a year ago.
  • Fri Apr 16 14:04:00 CDT 2004 -- Factor identifies hydrocarbon recoverability, type
    A new approach calculates a hydrocarbon movability factor from shallow and deep resistivity log data.
  • Fri Apr 16 15:04:00 CDT 2004 -- US rig count hits highest peak since September 2001
    US drilling activity increased by 12 units to 1,150 rotary rigs working, the highest weekly total since the week ended Sept. 28, 2001, when the count was at 1,168 and falling, officials said Friday at Baker Hughes Inc.
  • Tue Apr 20 15:04:00 CDT 2004 -- BAS: High steel prices to weigh heavier on producers than service firms
    Higher steel prices are likely to weigh more heavily on oil and natural gas producers rather than services and supply companies, according to James K. Wicklund, analyst with Banc of America Securities LLC.
  • Wed Apr 21 14:04:00 CDT 2004 -- Permit surplus should preclude new drilling, Wilderness Society says
    The Wilderness Society (TWS) this week said public and private data bolster their view that the oil industry has no commercial need to drill on environmentally sensitive lands because it is not using the permits it already has available to them.
  • Fri Apr 23 11:04:00 CDT 2004 -- Total group announces production on Venezuelan gas blocks
    A consortium headed by Total SA has begun producing nonassociated gas on the Yucal Placer Norte and Yucal Placer Sur blocks, which cover 900 sq km in the Guarico sub-basin of western Venezuela, said partner Repsol YPF SA.
  • Mon Apr 26 17:04:00 CDT 2004 -- Iran's Kaboud oil field goes on stream
    Masjed Soleiman Oil and Gas Production Co. announced that Kaboud oil field in Iran has gone on stream, OPECNA reported. Initial production rates were not disclosed.
  • Tue Apr 27 11:04:00 CDT 2004 -- Statoil to extend Lufeng field production in South China Sea
    Crediting new technology, Statoil ASA reported it will extend production from Lufeng field in the South China Sea until 2008, rather than shutting down last February as planned.
  • Mon May 03 10:05:00 CDT 2004 -- OTC: Aramco anticipates expanding intelligent well technology
    A senior Saudi Aramco official Monday predicted that within 10 years the oil giant could be relying on "intelligent" well technology for 30% of its wells.
  • Wed May 05 17:05:00 CDT 2004 -- BP Trinidad & Tobago awards contract for offshore platform
    BP Trinidad & Tobago LLC awarded Fluor Corp. additional contract work worth about $20 million toward the engineering and construction of BP's new offshore gas processing platform and other facilities in Trinidad and Tobago.
  • Thu May 06 12:05:00 CDT 2004 -- DTI details plans for implementing EOR in North Sea
    The UK is urging North Sea developers, electric-power generators, and oil producers to implement a plan for capturing and sequestering carbon dioxide in oil fields.
  • Fri May 07 14:05:00 CDT 2004 -- US drilling activity continues near 31-month high
    US drilling activity continued to seesaw at a 31-month high level, down by 8 rotary rigs to 1,153 working this week, compared with 1,021 during the same period a year ago, Baker Hughes Inc. reported Friday.
  • Mon May 10 00:05:00 CDT 2004 -- Gas price risk mainly upside
    The fundamental drivers of US natural gas prices are pointing increasingly to sustained higher levels in the near term as well as the long term.
  • Mon May 10 14:05:00 CDT 2004 -- S&P: Offshore drilling's poor ROCE in past decade turning around
    Although return on capital employed (ROCE) has been poor during the last decade for the eight largest offshore drilling companies, that situation is turning around now, said oilfield services and drilling equity analyst John Kartsonas, in a newly released report by Standard & Poor's Equity Research Services.
  • Tue May 11 12:05:00 CDT 2004 -- Vanco Group spuds first deepwater exploration well off Morocco
    Houston-based Vanco Energy Co., operator of the Ras Tafelney exploration permit off Morocco, on May 4 spudded the country's first deepwater exploration well, the Shark B-1 well about 130 km off Morocco.
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