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Exploration Development 2008 P

  • 10/09/2008 -- Eni signs exploration deal with Papua New Guinea
    Italy's Eni SPA has signed an agreement with Papua New Guinea for a long-term partnership to pursue sustainable development of the country's untouched hydrocarbon resources.
  • 10/08/2008 -- Atlas Energy gears up Pennsylvania Marcellus
    Atlas Energy Resources is the largest producer of gas from Devonian Marcellus shale and has drilled more than 80 wells, almost all of them vertical, the company said in a webcast Oct. 8.
  • 10/08/2008 -- Nexus still looking for buyer for Crux liquids project
    Nexus Energy's sale of 25% of its Crux liquids project in Browse basin permit AC/P23 to unnamed buyer will not go ahead after the board decided not to approve the $255 million purchase.
  • 10/07/2008 -- MMS plans central gulf Lease Sale 208 for March
    The US Minerals Management Service has scheduled Lease Sale 208 for the Central Planning Area (CPA) in the Gulf of Mexico for Mar. 18, 2009.
  • 10/07/2008 -- Pakistan developing new exploration incentives
    Aiming to boost oil exploration within its country, Pakistan is finalizing a new petroleum policy to give special incentives to conduct deep sea drilling in its territorial waters.
  • 10/07/2008 -- Oil services executive forecasts fast exploration growth
    Exploration services are likely to grow much faster than the overall oil field services market worldwide for years, Schlumberger Chairman and CEO Andrew Gould said.
  • 10/07/2008 -- California operator fined for OCS Lands Act violation
    The US MMS fined a California offshore oil and gas operator $450,000 on Oct. 7 for violating the OCS Lands Act following a multiyear investigation.
  • 10/06/2008 -- Brazil to offer fewer blocks for December auction
    Brazil's ANP, apparently bowing to pressure from the government, has reduced the number of E&P concession blocks to be auctioned at the 10th round, scheduled for Dec. 18.
  • 10/06/2008 -- KazMunaiGas signs MOU with ConocoPhillips, Mubadala
    Kazakhstan's state-owned KazMunaiGas has signed a memorandum of understanding with ConocoPhillips and Mubadala Development Co. for joint exploration and production of the N Block in the Caspian Sea.
  • 10/03/2008 -- Flow rate high at Suez Gemsa area well
    Vegas Oil & Gas reported a sustained flow rate of 3,388 b/d of 41° gravity oil and 4.25 MMcfd of gas from a well on the North West Gemsa concession in Egypt's Gulf of Suez basin.
  • 10/03/2008 -- British Colulmbia
    Operators hope to start production in late 2008 from a coalbed methane project in Northeast British Columbia.
  • 10/02/2008 -- Pacific Rubiales discovers more oil in Colombia
    Exploratory well RUB-147 was drilled in the northwestern area of the Rubiales Block in the "Buffer Zone" —a 5 km strip that surrounds the adjoining Rubiales and Piriri Blocks.
  • 10/02/2008 -- Rift flows gas at Puk Puk
    London-based Rift Oil has flowed 29.2 MMcfd of gas during a test in its Puk Puk-1 wildcat on Papua New Guinea permit PPL235 in the country's Western Province.
  • 10/02/2008 -- Chesapeake presses 3D seismic work in Fort Worth
    Chesapeake Energy Corp. has drilled 82 wells and has five rigs drilling for gas in the Barnett shale in Newark East field on its 18,000-acre lease on the Dallas-Fort Worth International Airport in the Fort Worth basin.
  • 10/01/2008 -- RWE Dea discovers more oil in Sirte basin
    Libya's state-owned National Oil Co. said RWE Dea has made its eighth oil discovery in the NC-193 concession area in the Sirte basin with exploration well G1-NC 193.
  • 09/30/2008 -- California approves Occidental Long Beach drilling
    California Governor Arnold Schwarzenegger has signed legislation enabling future oil exploration and drilling in Wilmington oil field in Long Beach.
  • 09/29/2008 -- Verenex finds more oil in Libya's Ghadames basin
    Libya's state-owned National Oil Co. said Verenex Energy Inc. has made a seventh oil discovery on production-sharing contract Area 47 in Libya's Ghadames basin.
  • 09/26/2008 -- Inpex chooses Darwin, 850-km pipeline for Ichthys
    Inpex Australia and Total have shunned W. Australia and selected Blaydin Point at Darwin's Middle Arm Peninsula in the Northern Territory as the landfall for development of their Ichthys gas-condensate field.
  • 09/25/2008 -- Saipem scoops $830 million of drilling contracts
    Eni SPA, Addax Petroleum Corp., and Burullus Gas Co. separately contracted Saipem SPA for offshore drilling in West Africa and Egypt in deals with a total value of $830 million.
  • 09/25/2008 -- Oxy to buy Plains Permian, Piceance interests
    Occidental Petroleum Corp., Los Angeles, plans to pay Plains Exploration & Production Co. $1.25 billion for the 50% interest Oxy doesn't own in properties in the Permian and Piceance basins.
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