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Drilling Production 2012 P2

  • 01/13/2012 -- Angola sees oil production rise to 2 million b/d in 2014
    Angola’s government forecasts an increase to 2 million b/d from the current 1.6 million b/d due to new fields coming online by 2014, according to a senior official.
  • 01/13/2012 -- Japan backs Iranian sanctions
    Japan’s Finance Minister Jun Azumi told US Sec. of the Treasury Timothy Geithner that his country would take “concrete steps” to reduce its oil dependency on Iran.
  • 01/13/2012 -- Anadarko lets Lucius subsea contract to FMC
    A group led by Anadarko Petroleum Corp. let a contract to FMC Technologies Inc. to provide subsea systems and services for the deepwater Gulf of Mexico Lucius oil and gas project off Texas.
  • 01/13/2012 -- Fletcher Finucane oil project off W. Australia gets FID
    Santos Ltd. said its $490 million Fletcher Finucane oil field offshore Western Australia has received a final investment decision.
  • 01/16/2012 -- Oregon enhanced geothermal well project nears
    A field test of a technology known as enhanced geothermal systems could take place in mid-2012 at the inactive Newberry volcanic site in Deschutes County, Ore., 20 miles south of Bend.
  • 01/17/2012 -- Mozambique appraisal well cuts 777 ft of gas pay
    A well that appraised the Anadarko Petroleum Corp. group’s Lagosta and Camarao discoveries has logged the largest pay count of any well in the complex offshore Mozambique to date.
  • 01/17/2012 -- Fixed platform eyed for field offshore Norway
    Statoil proposes to develop Dagny oil and gas field in the Sleipner area of the Norwegian North Sea with a fixed platform and nearby Eirin gas field from the seabed. Dagny was discovered in 1974, Eirin in 1978.
  • 01/18/2012 -- Norway: Eni gets Barents license east of Goliat field
    Eni has been awarded a 431 sq km license just east of company operated Goliat oil field in the Barents Sea offshore Norway.
  • 01/19/2012 -- India's Bhagyam field starts oil production
    Production of crude oil has begun from Bhagyam field, the second to start up in a complex developed by Cairn India and state-owned Oil & Natural Gas Corp. in Rajasthan, India (OGJ Online, Oct. 20, 2011).
  • 01/19/2012 -- Lundin to develop Luno field offshore Norway
    Lundin Norway AS has submitted plans to develop Luno oil field in the Norwegian North Sea and is continuing talks with Det Norske Oljeselskap ASA for coordinated development with nearby Draupne field (see map, OGJ, Apr. 4, 2011, p. 50).

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As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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