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Exploration Development 2004 P12

  • 02/10/2004 -- OMV awarded New Zealand offshore exploration bid
    OMV New Zealand Ltd., wholly owned subsidiary of OMV AG of Austria, is the successful bidder for Block PEP 38485 (Block A) in the 2003 Taranaki basin license round. The block is 70 km off New Zealand's North Island. OMV, which will be operator, has obtained a 33.3% stake in a joint venture with Origin Energy Resources Ltd. 33.3% and Todd Petroleum Mining Co. Ltd. 33.3%.
  • 02/09/2004 -- Geology will support further discoveries in Gulf of Guinea's Golden Rectangle
    A 1.2 million acre offshore tract in the Gulf of Guinea has reported reserves in excess of 5 billion bbl of oil and production more than 1 million b/d.
  • 02/09/2004 -- Shell E&P awards Glider field flowline burial contract
    Shell Exploration & Production Co., a unit of Royal Dutch/Shell Group, awarded a flowline burial contract to Cal Dive International unit Canyon Offshore Inc., Houston, for further development of Sepco's Glider field on Green Canyon Block 248 in the Gulf of Mexico.
  • 02/06/2004 -- Oilexco reports Brenda oil find in North Sea
    Oilexco Inc., London, reported an oil discovery with the initial well of its 100% owned UK North Sea drilling program.
  • 02/06/2004 -- Vanco Energy, ENI to explore Ras Tafelney off Morocco
    Vanco Morocco Ltd., a wholly owned subsidiary of Vanco Energy Co., Houston, has signed an agreement with ENI Morocco BV to begin drilling the first deepwater well in the Ras Tafelney exploration permit off Morocco.
  • 02/06/2004 -- Pogo awarded three offshore New Zealand license blocks
    Pogo Producing Co. reported Friday that the New Zealand Ministry of Economic Development has awarded the Houston-based independent an exploration license on each of the three blocks it bid on in New Zealand's September 2003 bidding round.
  • 02/06/2004 -- Test rates rise at Agip's Ghadames basin discovery in Tunisia
    ENI SPA's Tunisian subsidiary Agip Tunisia BV, Tunis, expects to place its Hawa-1 discovery well in the Ghadames basin on production shortly (OGJ Online, Dec. 16, 2003).
  • 02/05/2004 -- MMS seeks interest in exploring Alaska offshore frontier areas
    The US Minerals Management Service seeking interest among E&D companies in exploring for oil and gas in the Chukchi Sea, Hope basin, and Norton basin, all largely unexplored areas of the Alaska Outer Continental Shelf. MMS issued a Call for Information and Nominations in late January, setting an Apr. 29 deadline for responses.
  • 01/30/2004 -- Michigan Trenton-Black River opportunities identified with sample attribute mapping
    Sample attribute mapping, used in concert with seismic data, logs, and other prospecting techniques, can reduce risk and help locate new exploration fairways and prospects.
  • 01/30/2004 -- Drilling begins on South Pars phases 6-8
    Statoil ASA spudded the first well Jan. 26 on South Pars gas development project, phases 6-8, off Iran. In this phase of the project, 30 production wells will each be drilled to 4,000 m TMD.
  • 01/26/2004 -- Melrose adds reserves, nears start of Galata gas field off Bulgaria
    Melrose Resources PLC, London, announced a 32% increase in proved reserves to 65 bcf at its Galata gas field on the Black Sea shelf off Bulgaria.
  • 01/26/2004 -- Quantifying exploration back-in options using DCF method undervalues asset
    Most upstream petroleum contracts provide for host countries to hold back-in rights to acquire an equity participation in resulting commercial discoveries.
  • 01/26/2004 -- Edison group drilling Zagros fold belt wildcat in Iran
    A group led by Edison International, Milan, is drilling the Sehqanat Deep-1 wildcat on Munir Block on the Zagros fold belt northwest of Shiraz in Iran.
  • 01/22/2004 -- Chechnya
    Chechen Republic, despite its precarious security situation, hiked oil production to 36,000 b/d in 2003 from 30,000 b/d in 2002 and nearly doubled gas production to 44 MMcfd.
  • 01/22/2004 -- PEMEX taps Jacobs-Vigen JV for KMZ platforms engineering oversight
    Pemex Exploration & Production, a subsidiary of Mexico's national oil corporation Petroleos Mexicanos (Pemex), has awarded an engineering services contract to a joint venture of Jacobs Engineering Group Inc. unit Uhde Jacobs and Mexican engineering firm Vigen SA for the Ku-Maloob-Zaap (KMZ) fields platform project in the Bay of Campeche off Mexico.
  • 01/19/2004 -- IPR secures Block XXIV PSA in Syria
    IPR Mediterranean Exploration Ltd. (IPRMEL), a subsidiary of Dallas-based independent IPR Group of Companies, signed a 7 year production sharing agreement Jan. 15 with Syrian Ministry officials for Block XXIV in Syria.
  • 01/19/2004 -- WAVELET ENERGY ABSORPTION-3: Four examples show functions of wavelet energy absorption
    This is the final article in a three-part series on wavelet energy absorption in direct hydrocarbon detection.
  • 01/16/2004 -- Talisman's Appalachia gas well tests at 18 MMcfd
    Fortuna Energy Inc., a wholly owned subsidiary of Talisman Energy Inc., Calgary, has completed a test of its Andrews Hz#1 gas well that is in the Appalachian basin in the Corning, NY area.
  • 01/16/2004 -- Daewoo makes giant gas discovery in Rakhine basin off northwestern Myanmar
    Daewoo International Corp., Seoul, and Korea Gas Corp. discovered 4 to 6 tcf of recoverable gas on Block A-1 in the nonproducing Rakhine basin shelf in the Bay of Bengal off northwestern Myanmar and plans to pursue other similar objectives on the block.
  • 01/14/2004 -- Premier to explore Ragay Gulf off the Philippines
    London-based independent Premier Oil PLC has received a license from the Philippines Department of Energy to explore a 10,800 sq km area in the Ragay Gulf, off Luzon, Philippines. The initial work will consist of technical studies and a seismic survey, with which Premier will define specific drilling targets for exploration drilling.
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