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Exploration Development 2004 P2

  • Fri Dec 10 15:12:00 CST 2004 -- ChevronTexaco reports Faroe-Shetland Channel discovery
    North Sea UK Co. and partners reported a significant oil and gas discovery with the Rosebank-Lochnagar well (213/27-1Z) on Block 213/27 in the deepwater Faroe-Shetland Channel off the UK, reported parent ChevronTexaco Corp. The well is 126 km off Esha Ness, Shetland, near the UK-Faroes median line.
  • Fri Dec 10 15:12:00 CST 2004 -- Shell Canada discovers natural gas in central Alberta
    Shell Canada Ltd. discovered natural gas on a previously untested Leduc reef feature 30 km southwest of Rocky Mountain House in central Alberta.
  • Wed Dec 08 15:12:00 CST 2004 -- Oil Search to spud wildcat in Yemen; Voyager farms in
    Oil Search Ltd., Sydney, is preparing in the third week of December to spud the Al Akhaf-1 wildcat on Block 35 in the Hadraumat region of eastern Yemen.
  • Tue Dec 07 19:12:00 CST 2004 -- Call for bids 'encouraging' for offshore Newfoundland
    The Newfoundland Ocean Industries Association (NOIA) reported an "encouraging" outcome of this year's call for bids for exploration rights off Newfoundland and Labrador.
  • Tue Dec 07 14:12:00 CST 2004 -- Apache spuds Fiddich-1 well off Western Australia
    Apache Northwest Pty. Ltd., Perth, has spudded the Fiddich-1 exploration well on Permit WA-226-P off Western Australia on behalf of a group headed by license operator Origin Energy Ltd., Perth.
  • Tue Dec 07 14:12:00 CST 2004 -- India's ONGC lets contract for deepwater development
    India's Oil & Natural Gas Corp. (ONGC) awarded a $215 million contract to engineering firm Clough Ltd., Perth, to serve as lead contractor for development of G1-GS15 oil field off eastern India.
  • Tue Dec 07 14:12:00 CST 2004 -- Petrobras finds light oil in Sergipe-Alagoas basin
    State-owned Petróleo Brasileiro SA (Petrobras) has discovered light oil in its 1-FRO-3-AL wildcat well on Block BT-SEAL-2 in the Sergipe-Alagoas basin, Brazil. It encountered the reservoir at 965 m.
  • Mon Dec 06 13:12:00 CST 2004 -- Aramco well finds gas in Saudi Arabia's Eastern Province
    Saudi Aramco reported that its Midrikah-1 well found natural gas in what it called Midrikah field in Saudi Arabia's Eastern Province, 30 km south of Ghawar oil field.
  • Mon Nov 29 09:11:00 CST 2004 -- Explorers prepare to evaluate Taoudeni basin in Mali, Mauritania
    As Mauritania looks toward becoming an oil producing country for the first time in early 2006, a host of exploration companies has lined up to explore the nonproducing Taoudeni basin in the heart of onshore Northwest Africa.
  • Thu Nov 18 15:11:00 CST 2004 -- Woodside to investigate two potential oil, gas developments in northern Iraq
    Australian Woodside Petroleum Ltd. signed a 2-year contract with Iraq's Oil Ministry giving the Perth-based company the right to investigate oil and natural gas development potential in the Kurdistan region of northern Iraq.
  • Tue Nov 16 14:11:00 CST 2004 -- Nigeria invites investment by Chinese companies
    The Nigerian government has invited Chinese companies to expand and strengthen their investments in Nigeria, reported OPEC News Agency.
  • Mon Nov 15 14:11:00 CST 2004 -- Viet Nam
    Deadline is Nov. 30 to review data and register to bid in the 2004 licensing round covering the Phu Khanh basin.
  • Mon Nov 15 14:11:00 CST 2004 -- Pakistan grants exploration licenses to OGDC
    Pakistan has granted an exploration license agreement for Block 2367-4 (Indus Delta-A) to Government Holdings (Pvt.) Ltd. and signed a production-sharing agreement with Oil & Gas Development Co. Ltd. (OGDC) for exploration activities offshore.
  • Mon Nov 15 14:11:00 CST 2004 -- Knowledge management and computational learning for lean energy management
    Energy industries are using a range of new knowledge management techniques to improve the efficiencies of their operations.
  • Mon Nov 15 12:11:00 CST 2004 -- PanOcean test confirms viability of Tsiengui field in Gabon
    Pan-Ocean Energy Corp. Ltd., St. Helier, Jersey, said a short-term production test of its onshore TST-2 appraisal well in Gabon confirmed the commercial viability of Tsiengui oil field.
  • Wed Nov 10 19:11:00 CST 2004 -- Lukoil begins drilling program on Egyptian shelf
    Russia's Lukoil Overseas Holding Ltd. has begun a $6 million drilling program on the North-East Geisum Block in the Gulf of Suez off Egypt.
  • Wed Nov 10 14:11:00 CST 2004 -- Sonangol to withdraw Total's Block 3/80 license off Angola at yearend
    Angola's national oil company Sonangol EP has notified Total SA said that the company's offshore development license for Block 3/80, northeast of Total's deepwater Block 17, will not be renewed when it expires at yearend.
  • Mon Nov 08 10:11:00 CST 2004 -- Global trends study foresees no short-term liquids output shortfall
    Global users have consumed 45% of the oil and 30% of the gas discovered by the end of 2003, says IHS Energy's 2004 report on world petroleum trends.
  • Fri Nov 05 14:11:00 CST 2004 -- Amerada Hess unit lets contract for two TLPs off Equatorial Guinea
    Amerada Hess Equatorial Guinea Inc. has awarded a contract to Modec International LLC, Houston, to design, engineer, procure materials, and construct hulls, topsides, mooring, drilling riser, and production riser systems for two tension leg platforms for Hess's Northern Block G development off Equatorial Guinea.
  • Wed Nov 03 18:11:00 CST 2004 -- Lukoil Overseas, Saudi Aramco plan seismic surveys in Saudi Arabia
    Luksar Energy, a joint venture of OAO Lukoil Overseas Holding Ltd. and Saudi Aramco, hired WesternGeco, Houston, to conduct 2D and 3D seismic surveys on Contract Area A in the northern Rub al-Khali desert in Saudi Arabia.

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As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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