Drilling Production 2008 P

02/01/2008 -- PDVSA pays Total, StatoilHydro for Orinoco assets
Venezuela will pay $1.1 billion in compensation to StatoilHydro AS and France's Total SA for its nationalization of an oil project they previously controlled.
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.
01/30/2008 -- TCO consortium starts up Tengiz field extension
Tengizchevroil has started up new facilities as part of the first phase of its expansion at Tengiz field in Kazakhstan.
01/29/2008 -- Gas production starts from A12 field off the Netherlands
Gas production started late last month from A12 field off the Netherlands, said Chevron Exploration & Production Netherlands BV.
01/28/2008 -- Mexico's oil production down 5.3% in 2007
Mexico's oil production fell by 174,000 b/d or 5.3% in 2007 to an average of 3.08 million b/d, according to state-owned Pemex.
01/28/2008 -- Eni to start Nikaitchuq oil production in 2009
Eni SPA will spend $1.45 billion developing Nikaitchuq oil field off the North Slope of Alaska. Field production is scheduled to begin at yearend, 2009.
01/25/2008 -- US rig count rises for first time in 7 weeks
The US rotary rig count increased for the first time in 7 weeks, up 15 units from last week to 1,747 working this week, said Baker Hughes Inc.
01/25/2008 -- Kvitebjorn gas, condensate production resumed
StatoilHydro has restarted gas and condensate production from Kvitebjorn field in the Norwegian North Sea after repairs were identified for the pipeline from the field to the Kollsnes processing plant.
01/24/2008 -- Japex to boost Iwafune-oki oil, gas production
Japex next month will begin operating a new production well at its Iwafune-oki oil and gas field off Niigata Prefecture.
01/24/2008 -- Aker Clean Carbon plans Karsto carbon capture unit
Aker Clean Carbon and the Norwegian government will establish a 725 million kroner carbon dioxide capture and sequestration unit at Karsto on the west coast of Norway.
01/23/2008 -- Pemex lets $683 million drilling contract to Halliburton
Mexico's Petroleos Mexicanos has let a 3-year, $683 million contract to Halliburton Co. to manage the drilling and completion of 58 land wells in the southern region of Mexico.
01/23/2008 -- Petrobras lets ultradeepwater contracts for gulf fields
Petrobras America has let two contacts worth a total $300 million to Technip for the development of the Cascade and Chinook gas fields in the Gulf of Mexico's Walker Ridge area.
01/22/2008 -- Silverstone taps Acergy for Victoria field lines
Silverstone Energy granted a £9 million contract to Acergy to install the flowline, control umbilical, and other subsea infrastructure in Victoria gas field in the southern North Sea.
01/21/2008 -- ExxonMobil to upgrade Nigerian production facilities
Mobil Producing Nigeria has let a $220 million contract to a consortium led by AMEC for upgrade work for its oil and gas production facilities in southeast Nigeria over the next 5 years.
01/21/2008 -- Shell lets contract for Perdido flowline, riser installation
Shell has let to Technip an engineering, fabrication, and installation contract for a flowline and riser on ultradeepwater Perdido oil field in the Gulf of Mexico.
01/18/2008 -- Rig count falls for 6th week
US drilling activity continued falling for the sixth consecutive week, down 12 rotary rigs to 1,732, said Baker Hughes Inc.
01/17/2008 -- CERA-IHS: Worldwide oil field decline rate at 4.5%/year
The aggregate global decline rate for producing oil fields is 4.5%/year rather than the 8%/year sometimes cited in other studies, CERA and IHS Inc. reported.
01/17/2008 -- PTTEP to boost gas output via Arthit North FPSO
PTTEP plans to ramp up its gas output from Arthit field in the Gulf of Thailand by 120 MMcfd, or 36%, to meet Thailand's rising gas demand.
01/15/2008 -- Perenco to develop Peru heavy oil fields
Perenco, Paris, completed the acquisition of Barrett Resources (Peru) LLC, which owns three heavy oil fields set for development in the Maranon basin at a cost of $1.5 billion.
01/15/2008 -- Shell starts gas production from UK's Starling field
Royal Dutch Shell PLC has started natural gas production from Starling field in the central North Sea. It is expected to peak at 140 MMcfd of gas.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2008

Drilling Production 2008 P