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Exploration Development 2006 P13

  • 09/27/2006 -- Iran reiterates warning to Japan about Azadegan field
    Iran has reiterated its warning to Japan to finalize an agreement to develop the Azadegan oil field in Iran or risk losing the project to a domestic contractor.
  • 09/27/2006 -- Gas pay sand thicker at Tanzania appraisal
    Artumas Group Inc., Calgary, reported pay thickness in Tertiary Miocene and Oligocene to be 1.5 times as thick in the Mnazi Bay-2 appraisal well as they were in the 1982 ARCO Oil & Gas Co. Mnazi Bay-1 discovery well.
  • 09/26/2006 -- Seismic indicates giant gas at Sampaguita
    The 1976 Sampaguita gas-condensate discovery in the South China Sea northwest of Palawan Island could be an accumulation of as much as 20 tcf of gas, said Forum Energy PLC, London.
  • 09/25/2006 -- NW Alberta gas resource play adds momentum
    EnCana Corp. is building gas production at a resource play in the deep basin of west-central Alberta to which it attributes 2 tcf of unbooked resource potential.
  • 09/22/2006 -- SARP, MOG sign farmout for Italian permit
    SARP SRL has signed a farmout agreement with Mediterranean Oil & Gas PLC (MOG) for the Montemarciano exploration permit in central Italy. SARP was recently awarded 100% interest in this permit.
  • 09/22/2006 -- Kansas
    Lions Petroleum Inc., Denver, signed a letter of intent to acquire from an undisclosed seller 26,635 acres of oil and gas leases to all depths in southeastern Kansas for $3 million.
  • 09/22/2006 -- PTTEP, Petrobangla to explore off Bangladesh
    Thailand's PTT Exploration & Production PLC and Bangladesh's state oil firm Petrobangla have signed a memorandum of understanding to jointly explore for hydrocarbons in the Bay of Bengal off Bangladesh.
  • 09/22/2006 -- Shell, Maersk to drill new block off Brazil
    Royal Dutch Shell PLC and Maersk Oil & Gas AS plan next year to drill the first exploration well on the BMS-31 Block in the Santos basin off Sao Paulo, Brazil.
  • 09/22/2006 -- Dana Petroleum logs gas pay with Babbage well
    Dana Petroleum PLC, Aberdeen, has reported the successful drilling and flow testing of Babbage gas field in the UK Southern Gas basin.
  • 09/21/2006 -- NWT field's bounty put at 20-30 million bbl
    Cameron Hills field in the Northwest Territories could be an accumulation of 20-30 million bbl, operator Paramount Resources Ltd., Calgary, told financial analysts in mid-September.
  • 09/21/2006 -- Extended well test due in W. Newfoundland
    Canadian Imperial Venture Corp., St. John's, Newf., let a contract for a 70-day extended well test of the Garden Hill ST-2 well onshore western Newfoundland.
  • 09/20/2006 -- DNO prepares to start oil production in Iraq
    DNO ASA, Oslo, is planning early production, possibly in first quarter 2007, from Tawke oil field in the northern Kurdish region of Iraq based on test results from the discovery well and an appraisal well.
  • 09/20/2006 -- Alberta Clipper makes additional oil finds in Alberta
    Alberta Clipper Energy Inc. reported two light oil discoveries in Alberta's Sylvan Lake area, where it recently expanded its holdings. The Calgary company also hiked its 2006 capital budget to $62 million from $46 million.
  • 09/19/2006 -- Russia suspends Sakhalin-2 development project
    Russia's Ministry of Natural Resources (MNR), citing inadequate environmental safeguards, effectively decided Sept. 18 to suspend the Sakhalin-2 oil and gas development project.
  • 09/19/2006 -- Tullow Oil progressing on UK North Sea redevelopment
    Tullow Oil PLC completed the Ketch 7 development well in the Schooner-Ketch redevelopment in the UK North Sea.
  • 09/15/2006 -- Petrobras-led group to explore off Argentina
    Petróleo Brasileiro SA subsidiary Petrobras Energía SA, Argentina's Energía Argentina SA (Enarsa), and Madrid-based Repsol YPF SA agreed Sept. 12 to form a consortium to explore, develop, and commercialize oil and natural gas on Argentina's deepwater continental shelf.
  • 09/15/2006 -- Statoil find could drive Hammerfest LNG plant expansion
    The Statoil ASA-led Snøhvit consortium is planning to drill additional wells in the Barents Sea next year and in 2008 to seek additional gas reserves for a possible future expansion of the Hammerfest gas liquefaction plant at Melkøya in northern Norway.
  • 09/15/2006 -- Heritage gets stake in Congo (former Zaire) blocks
    Heritage Oil Corp., Calgary, has signed a production-sharing agreement with Congo (former Zaire) for a 39.6% working interest in the 6,000 sq km Blocks I and II in the Albert Graben basin onshore and off Congo.
  • 09/14/2006 -- Aramco discovers gas with Kassab-1 well
    Saudi Aramco has reported a new gas discovery in Saudi Arabia's Eastern Province 50 km south of its giant Ghawar field and 220 km southeast of Riyadh.
  • 09/14/2006 -- Russia blasts Sakhalin-2 cost overruns
    Russia's Natural Resources Minister Yuri Trutnev said his country could lose billions in the Sakhalin-2 oil and gas project if operators continue to raise expenditures.

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