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Exploration Development 2006 P

  • 02/17/2006 -- Austria
    Rohöl-Aufsuchungs AG (RAG), Vienna, let a contract to Deutsche Montan Technologie GmbH, Essen, Germany, to acquire a Vibroseis 3D seismic data in the Alps foothills.
  • 02/17/2006 -- North Cuba gets oil find on western Block 7
    Pebercan Inc., Montreal, production-tested an indicated discovery well near the western edge of Block 7 on the North Cuba heavy oil belt east of Havana.
  • 02/21/2006 -- Gas discovery reported off South Korea
    South Korea's Korea National Oil Corp. is reported to have made another gas discovery in the Donghae 6-1 area of the Sea of Japan.
  • 02/21/2006 -- Italian finds boost Aussie firm's reserves
    An independent geological report has increased proved natural gas reserves held in northern Italy by Po Valley Energy Ltd., Perth, Australia, to 36.6 bcf from 25.3 bcf.
  • 02/22/2006 -- Indonesia to open bidding on 27 blocks
    Indonesia will open bidding on 27 oil and gas blocks in South Sumatra, Papua, Sulawesi, and East Java, according to a government official.
  • 02/22/2006 -- Papua New Guinea
    InterOil Corp., Toronto, spudded the Elk-1 exploration well on PPL 238 and is to drill to 10,000 ft to target Miocene Puri fractured limestone and Eocene Mendi limestone.
  • 02/22/2006 -- Russia
    Valkyries Petroleum Corp., Vancouver, BC, closed the acquisition of a 50% interest in CJSC Oilgaztet, which holds 100% interest in the license block that includes Ashirovskoye oil field 200 km northwest of Orenburg gas field.
  • 02/23/2006 -- India
    Oil & Natural Gas Corp. let a contract for acquisition of 8,600 sq km of deepwater 3D seismic data off the country's east coast.
  • 02/23/2006 -- India offers 55 blocks in sixth NELP round
    India has put up 55 oil and gas and 10 coalbed methane blocks for bidding under the sixth round of New Exploration Licensing Policy (OGJ, Nov. 21, 2005, Newsletter).
  • 02/24/2006 -- China
    Primeline Energy Holdings Inc., London, sought to raise as much as $25 million to appraise the Lishui 36-1 (Vicky) gas-condensate discovery on Block 25/34 in the East China Sea.
  • 02/24/2006 -- Belize has first commercial oil discovery
    Belize is poised to become an oil producing country after 50 years of unfruitful exploration.
  • 02/27/2006 -- New Mexico
    Cuervo Exploration LLC, private Wichita Falls operator, is drilling a wildcat to 10,000 ft or Precambrian in the Tucumcari basin.
  • 02/28/2006 -- New Zealand
    A group led by McKenzie Petroleum, Wellington, offered farmouts on three areas in 336 sq km PEP 38521 in the Westland basin south of Greymouth on the northwestern South Island.
  • 02/28/2006 -- Eni unit gets Pakistani exploration licenses
    Pakistan has granted four petroleum exploration licenses to Eni Pakistan Ltd. for the Mithi (2470-3), Rajar (2470-2), Thar (2569-2), and Umarkot (2469-8) blocks in the Tarparkar, Umerkot, and Sanghar districts of Sindh Province.
  • 02/28/2006 -- Paraguay
    CDS Oil & Gas Group PLC, London, plans to farm out its Gabino Mendoza and Boqueron blocks in the Chaco basin after its first well failed to meet expectations.
  • 03/01/2006 -- Falkland Islands
    Rockhopper Exploration PLC, London, plans three to four months of processing and interpretation of 2D and controlled source electromagnetic surveys acquired on its North Falkland basin licenses.
  • 03/01/2006 -- Tunisia
    Cygam Energy Inc., Calgary, said its Rigo Oil Co. Ltd. subsidiary acquired the Bazma Permit west of the 400,000-acre Jorf Permit where Rigo's interest is 37.5%.
  • 03/02/2006 -- DNO tests Masila basin oil in Yemen
    DNO ASA, Oslo, has tested oil in the Godah-1 sidetrack on Block 32 in the Masila basin in Yemen.
  • 03/02/2006 -- Neuquen basin oil discoveries due pipeline
    Petrolifera Petroleum Ltd., Calgary, plans to lay a 25-km, 6-in., 13,500 b/d pipeline to connect oil discoveries on its Puesto Morales block in the eastern Neuquen basin of northern Argentina.
  • 03/02/2006 -- Albania
    Bankers Petroleum Ltd., Calgary, said a subsidiary signed a contract to make available 1,400-1,600 b/d of crude oil from Patos-Marinza field to an unspecified refinery in Italy at the rate of two cargoes per month.

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