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Drilling Production 2008 P

  • 03/04/2008 -- Pemex to boost output in declining Cantarell field
    Average output at Mexico's Cantarell oil field will decline by as much as 20% this year as the field matures, a Petroleos Mexicanos executive reported.
  • 03/03/2008 -- Yemen to raise oil production by 2010
    Yemen plans to increase its oil production to 500,000 b/d by 2010 from the current 317,000 b/d, according to the country's oil minister, Khaled Bahah.
  • 03/03/2008 -- Transneft to start ESPO export terminal this month
    Russia's state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company officials.
  • 02/29/2008 -- US drilling slips 8 units
    US drilling activity slipped to 1,763 rotary rigs the week ended Feb. 29, 8 less than the previous week but up from 1,752 during the same period last year, said Baker Hughes.
  • 02/28/2008 -- Total subsidiary orders superlarge FPSO
    Elf Petroleum Nigeria has awarded Hyundai Heavy Industries a turnkey project to build a superlarge FPSO vessel valued at $1.6 billion.
  • 02/27/2008 -- Aramco lets contract for Tarzan-class rig
    Saudi Aramco has let a 3-year drilling contract to Rowan Cos. Inc. for offshore work starting in the second quarter.
  • 02/26/2008 -- Neptune Marine to buy, reactivate semi
    Neptune Marine Oil & Gas Ltd., Nicosia, has agreed to buy the Atlantic Venture semisubmersible drilling rig, former Sedco 708, and plans to reactivate it.
  • 02/25/2008 -- US drilling dips; Canada increases
    US drilling activity dipped lower during the week ending Feb. 22 with 1,771 rotary rigs working, said Baker Hughes Inc.
  • 02/19/2008 -- BPZ Energy working to restart oil production off Peru
    BPZ Energy expects to restart production of its 21XD and 14D wells in Corvina field off Peru within 3 weeks. The wells were shut in following an accident involving a BPZ-chartered tanker.
  • 02/18/2008 -- Petrobras lets contract for P-57 FPSO unit
    Petrobras reported signing a $1.195 billion turnkey contract for the construction of the P-57 FPSO unit with Single Buoy Moorings.
  • 02/15/2008 -- US rig count rebounds by 18
    US drilling activity rebounded, increasing 18 units with 1,773 rotary rigs working this week vs.1,746 during the same period in 2007, Baker Hughes Inc. reported.
  • 02/15/2008 -- StatoilHydro leases deepwater drillship
    StatoilHydro AS will use the GSF Explorer ultradeepwater drillship to drill three exploration wells on Indonesia's Karama Block off West Sulawesi in late 2009.
  • 02/15/2008 -- UK subsea sector increases 30% in value
    The UK subsea oil and gas sector has grown by almost 30% in value to £4.3 billion in 2007, according to industry association Subsea UK.
  • 02/14/2008 -- EnCana lets EPC contract for Deep Panuke field
    EnCana Corp. has let a $195 million engineering, procurement, construction, and installation contract to Acergy SA for offshore installation work on Canada's Deep Panuke field.
  • 02/08/2008 -- US rig count down by 8
    US drilling activity declined by 8 rotary rigs to 1,755 working this week, up from 1,731 in the same period a year ago, said Baker Hughes Inc.
  • 02/07/2008 -- Mexico oil production decline to increase in 2010
    Mexico will face difficulties in producing crude oil over the coming 2 years, according to a media report, which claims that Cantarell and Ku-Maloob-Zaap (KMZ) fields will decline simultaneously in 2010.
  • 02/05/2008 -- Total, PDVSA sign heavy oil agreements
    Total SA signed two joint study agreements with Petroleos de Venezuela SA (PDVSA) to appraise extraheavy oil reserves and assess a production project for Block Junin10 in Venezuela's Orinoco Belt.
  • 02/01/2008 -- Drilling activity in US, Canada continues to rise
    US rig activity continued to accelerate for the second straight week, with an additional 16 rotary rigs working the week ended Feb. 1, Baker Hughes reported.
  • 02/01/2008 -- Suncor plans $20.6 billion oil sands expansion
    Suncor Energy is planning to invest $20.6 billion (Can.) to expand the oil production capacity at its oil sands operation north of Fort McMurray, Alta., by 200,000 b/d, to 550,000 b/d in 2012.
  • 01/31/2008 -- BPZ Energy-chartered tanker catches fire, sinks off Peru
    A Peruvian Navy tanker chartered by BPZ Energy Inc. of Houston caught fire and sank on Jan. 30.

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