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Drilling Production 2008 P17

  • 12/01/2008 -- Po Valley wins Sillaro field production license
    Po Valley Energy Ltd., Sydney, has been granted a second production license for gas development and production in Italy.
  • 12/01/2008 -- Horizon confirms Maari development budget increase
    Horizon Oil, a minority interest holder in the Maari oil field development off New Zealand's Taranaki basin, has confirmed another 18% capex increase for the project, which now stands at $600 million.
  • 12/01/2008 -- Analyst sees Libya's oil, gas production rising
    Libya will supply 17.37% of Africa's regional oil supply by 2012, while accounting for about 7.45% of African oil demand, according to a recent BMI analyst report.
  • 12/01/2008 -- Saudi Aramco delays fourth development project
    Saudi Aramco, continuing to review and delay development projects in the light of the global financial crisis, has cancelled plans for a $1.2 billion project to restart production from its historic Dammam oil field.
  • 12/02/2008 -- Masdar lets contract for Abu Dhabi CCS
    Masdar, an Abu Dhabi government initiative, let a front-end engineering and design contract to Mustang Engineering for Masdar's UAE carbon capture and storage (CCS) project.
  • 12/05/2008 -- MMS announces actions against royalty-in-kind employees named in probe
    US Minerals Management Service Director Randall B. Luthi announced actions on Nov. 21 against employees included in the recent royalty-in-kind program investigation by the US Department of the Interior's inspector general.
  • 12/05/2008 -- StatoilHydro withdraws plans for Canadian bitumen upgrader
    StatoilHydro has dropped plans to develop a $16 billion (Can.) bitumen upgrader in Alberta because of soaring costs, poor global economic conditions, and a lack of legislative clarity.
  • 12/05/2008 -- US drilling activity continues to fall
    US drilling activity continued to decline with more producers laying down rigs in an uncertain economy, according to the latest count by Baker Hughes Inc.
  • 12/12/2008 -- Santos Brantas distances itself from Indonesian mudslide
    Santos Brantas has agreed to transfer its 18% minority interest in the Brantas PSC in Indonesia to Minarak Labuan.
  • 12/12/2008 -- US rotary rig count continues to fall
    US drilling activity continued to decline this week, down 62 to 1,790 rotary rigs still working, compared with 1,824 during the same period a year ago, according to the latest count by Baker Hughes.
  • 12/15/2008 -- Tui field partners consider FPSO expansion
    Partners in the development of Tui oil field off New Zealand, led by Sydney-based Australian Worldwide Exploration, are considering an expansion of the fluid handling capacity of the Umuroa FPSO to 180,000 b/d.
  • 12/17/2008 -- Alberta's new royalty framework takes effect Jan. 1
    New royalty framework rates will become effective in Alberta on Jan. 1, 2009, for production from new natural gas wells and conventional oil wells.
  • 12/17/2008 -- Sakhalin Energy starts oil exports from Aniva Bay
    Sakhalin Energy Investment Co. has started exporting oil from Molikpaq platform to the terminal in Aniva Bay in the south of Sakhalin, which will be dedicated to year-round oil deliveries.
  • 12/17/2008 -- SEIC starts oil exports from Aniva Bay platform
    Sakhalin Energy Investment Co. has started exporting oil from Molikpaq platform on the terminal in Aniva Bay in the south of Sakhalin, which will be dedicated to year-round oil deliveries.
  • 12/17/2008 -- Dutch power company Essent buys into North Sea field
    GDF Suez E&P Nederland and Lundin Netherlands have finalized the sale of their production shares in the E17-A gas field in the Dutch North Sea to Netherlands' largest power company Essent.
  • 12/18/2008 -- Tullow lets FEED to Dietswell for offshore module
    Tullow Oil Uganda has awarded a front-end engineering and design (FEED) contract to independent drilling service company Dietswell, Paris, to design an offshore module to operate in 45 m of water on Lake Albert. The concept selected is a Mobile offshore drilling unit comprising a barge and drilling rig.
  • 12/19/2008 -- API-commissioned study lists benefits of tapping formerly locked-up resources
    Development of US oil and gas resources which Congress kept off-limits for decades could generate more than $1.7 trillion of government revenue, create thousands of new jobs and enhance the nation's energy security, a new study suggested on Dec. 8.
  • 12/19/2008 -- Indonesian firm predicts 10% reduced output for 2009
    Indonesia's publicly listed oil and gas company PT Medco Energi Internasional predicts that its oil and gas production could drop in 2009 by as much as 10% due to asset sales and aging fields.
  • 12/19/2008 -- Heidrun North to get FMC subsea equipment
    StatoilHydro has let a $45 million contract to FMC Technologies Inc. to provide subsea equipment for its Heidrun North project in the Norwegian Sea by 2010.
  • 12/22/2008 -- Heritage Oil drilling in Kurdistan
    Heritage Oil Ltd has commenced drilling the Miran West-1 well in the Kurdistan Region of Iraq, the first exploration well to be drilled on the Miran license.
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