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Exploration Development 2008 P18

  • 08/14/2008 -- Chrysaor farms in to Spanish Point gas discovery
    Providence Resources and Sosina Exploration have granted a 30% stake under a farmout agreement to Chrysaor Holdings for their Spanish Point gas-condensate discovery in the Porcupine basin off Ireland.
  • 08/14/2008 -- Nigeria relinquishes Bakassi to Cameroon
    Nigeria has ceded control over the potentially oil-rich Bakassi Peninsula to Cameroon amid threats from armed groups protesting the transfer.
  • 08/15/2008 -- Tierra del Fuego gets Tobifera oil find
    A group led by Roch will undertake a long term pump test on a Jurassic Tobifera oil discovery on 521,000 acres of concessions at Tierra del Fuego in Argentina's Austral basin.
  • 08/16/2008 -- Eni to pursue onshore activities in Angola
    Eni SPA has signed a memorandum of understanding with Angola's Sonangol to jointly examine onshore exploration and production opportunities.
  • 08/19/2008 -- Atlas Petroleum discovers oil with Tunisia well
    A group of companies led by Atlas Petroleum Worldwide Exploration will drill a sidetrack from the Ras El Besh 3 (REB3) well following an oil discovery on the Sfax permit off Tunisia.
  • 08/19/2008 -- Bulgarian gas-condensate find indicated
    Direct Petroleum Exploration, a private Denver operator, is referring to an indicated gas-condensate discovery as "the highest pressure gas reservoir ever encountered in Bulgaria."
  • 08/20/2008 -- Stuart takes stake in Oliver field in Timor Sea
    Stuart Petroleum has acquired from the Albers Group a 50% stake in Oliver oil field in the Ashmore-Cartier region (AC/P33) of the Timor Sea.
  • 08/20/2008 -- USGS estimates WSB's undiscovered oil, gas resources
    There are an estimated 3.66 billion bbl of undiscovered oil and 651 tcf of gas north of the Arctic Circle in Russia's West Siberian Basin Province, the USGS said in a recent report.
  • 08/21/2008 -- Europe
    Gold Point Energy Corp., Vancouver, BC, let a contact to LO&G Consultants GMBH to study unconventional gas potential in several unspecified Central European basins.
  • 08/21/2008 -- UK independents thrive in UK North Sea
    Small and midsized operators are benefiting the most from record oil and gas prices in the UK North Sea as they develop fields that were otherwise too costly in the past, according to Lloyds TSB Bank.
  • 08/21/2008 -- Dong makes oil find on Ipswich prospect
    Dong E&P Norge AS has discovered oil on the Ipswich prospect in the southern Norwegian North Sea about 290 km southwest of Stavanger.
  • 08/22/2008 -- Gassco lets seabed surveys contract
    Gassco AS has let a contract to Sweden's Marine Matteknikk AB to start seabed surveys in September for potential carbon dioxide pipelines.
  • 08/22/2008 -- Petroecuador seeks to develop Block 20 heavy oil
    Petroecuador's president said Ivanhoe Energy would begin work within 9 months towards the production of heavy crude oil from Pungarayacu heavy oil field on Block 20 in Ecuador's Oriente basin.
  • 08/23/2008 -- Nautical pursues French exploration licenses
    Nautical Petroleum PLC hopes to secure final award of the Gex and Pontex exploration permits in France next year.
  • 08/25/2008 -- Queensland bans oil shale projects for 2 years
    The Queensland government has placed a 2-year moratorium on oil shale projects, paralysing the proposed Queensland Energy Resources Ltd. (QER) project in the McFarlane deposit about 15 km south of Proserpine on the state's central east coast.
  • 08/26/2008 -- StatoilHydro makes Barents Sea gas find
    StatoilHydro AS discovered natural gas within the Arenaria prospect on Block 7224/6 in the Barents Sea but said it's too early to tell if the gas can be produced because it's from poor quality reservoir rocks of middle Triassic age.
  • 08/28/2008 -- Sevan orders drilling equipment for deepwater rigs
    Sevan Marine has let a $240 million contract to Aker Solutions to provide two drilling equipment packages and possibly a third for deepwater drilling rigs that are under construction.
  • 08/28/2008 -- OMV begins Austrian gas production
    To boost Austria's energy supply, OMV AG has started natural gas production from Strasshof and Ebenthal fields in the Vienna basin.
  • 08/28/2008 -- StatoilHydro tests sixth gas well on Hassi Mouina license
    StatoilHydro has tested dry gas in appraisal well TNK-2 (Tinerkouk 2) on the Hassi Mouina license area in Algeria and found hydrocarbons in formations of Lower Carboniferous age.
  • 09/02/2008 -- Total seeks Syrian oil block PSA extension
    Total SA Chief Executive Christophe de Margerie will accompany French president Nicolas Sarkozy on a state visit to Syria this week, aiming to negotiate the extension of an oil block agreement.
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