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Exploration Development 2008 P14

  • 06/16/2008 -- IOC, OIL to pick up 12.5% each in Timor oil block
    State-run Indian Oil Corp. and Oil India Ltd. are to spend $27 million each in picking up 12.5% equity stakes from Reliance Industries as farm-in partners in the latter's offshore oil block in East Timor.
  • 06/17/2008 -- Gran Tierra completes Costayaco-4 well in Colombia
    Gran Tierra Energy Inc. has completed drilling the Costayaco-4 well in Costayaco field on Colombia's Chaza block. The well reached 8,884 ft TMD.
  • 06/17/2008 -- Trinidad and Tobago awards exploration licenses
    Trinidad and Tobago has granted approval for a consortium comprising OCNG Mittal Energy and Petrotrin to explore and develop Block NCMA 2 in the shallow marine area off northern Trinidad.
  • 06/17/2008 -- ONGC cool to Gazprom's offer in Orissa block
    India's ONGC is said to be cool towards Gazprom's offer of a 50% stake in its shallow-water exploration property NEC-OSN-97/1 in the country's North-Eastern coast, off the Orissa coastline.
  • 06/17/2008 -- Eni to become operator of Hewett Unit gas field
    Tullow Oil agreed to sell to Eni its 51.69% stake in Hewett Unit field off the UK as it prepares to increase funds to implement its development programs in Ghana and Uganda.
  • 06/18/2008 -- Nigeria investigates 2007 oil auction
    Nigeria has suspended Tony Chukwueke from his role as head of the nation's oil industry regulator while it investigates oil licenses awarded last year under a former president.
  • 06/19/2008 -- Pemex wants seismic survey of Perdido belt in gulf
    Mexico's Pemex has requested to conduct 2D seismic research in some 514,370 sq km of the Gulf of Mexico, calling in particular for a survey of the Perdido belt, which straddles the US-Mexico maritime border.
  • 06/19/2008 -- Circle Oil takes Pelagian farmout off Tunisia
    Circle Oil PLC took a farmout from Tethys Oil & Mining Ltd. on the 3,780 sq km Mahdia permit in the Mediterranean Sea 55 miles east of the mid-Tunisian coast.
  • 06/20/2008 -- Tower acquires Comet Petroleum, SADR license stake
    Tower Resources has completed its acquisition of Comet Petroleum, giving it access to a 50% stake in two exploration licenses in the Saharawi Arab Democratic Republic.
  • 06/20/2008 -- China, Japan agree on East China Sea E&P projects
    Japan and China say they have reached a political agreement on gas exploration projects in the East China Sea.
  • 06/21/2008 -- Coastal gets nod to start Songkhla field production
    Coastal Energy Co. received a government permit to start oil production from the Songkhla field and satellite prospects on Block G5/43 in the Gulf of Thailand.
  • 06/23/2008 -- Talisman invests in two KRG blocks
    Talisman Energy Inc. Calgary, eyeing a possible settlement of differences between the Iraqi central government and the northern Kurdish Regional Government (KRG), said two of its subsidiaries have entered into agreements with KRG for "interests" in Blocks K44 and K39.
  • 06/24/2008 -- Russian-Kazakh Caspian discovery claimed
    The first well on the Tsentralnaya structure in the Caspian Sea off Russia is a possibly giant oil and gas-condensate discovery, the OOO TsentrKaspneftegas joint venture announced earlier this month.
  • 06/24/2008 -- Colombia opens 'mini round' auction
    The Colombian government, building on earlier talk of a "mini-round" auction, announced an auction of exploration rights to more than 100 blocks, according to a senior official of the country's hydrocarbons regulator, Agencia Nacional de Hidrocarburos (ANH).
  • 06/24/2008 -- Tullow Oil makes Uganda oil, gas discovery
    Tullow Oil PLC discovered oil and gas within the Ngege-1 exploration well on the northern part of Block 2 in Uganda's Lake Albert Rift basin.
  • 06/25/2008 -- Ernst & Young study: US oil reserves holding flat
    US proved oil reserves for 40 exploration and production companies increased 2% during 2003-07, reported Ernst & Young in a benchmark study released in Houston.
  • 06/25/2008 -- Assessment due of Dutch North Sea discovery
    Cirrus Energy Nederland BV plans to become operator of the undeveloped K10-Bravo oil field in the Dutch North Sea and is contemplating development from facilities in place.
  • 06/25/2008 -- Petronas makes second gas find on Mubarak Block
    Petronas Pakistan Ltd. of Malaysia has made a second natural gas discovery on the Mubarak Block in the Ghotki district of southeastern Sindh province in Pakistan. The discovery was made by the Saqib-1A well, which was drilled to the planned depth of 3,780 m.
  • 06/25/2008 -- Sierra Leone
    Elixir Petroleum Ltd. has shot 1,222 sq km of 3D seismic, securing data over Block SL-4 off Sierra Leone.
  • 06/27/2008 -- KRG lets E&D contracts to South Korea's KNOC
    KRG has let contracts to South Korea's KNOC for the exploration and development of eight blocks near key cities in the northern region.

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