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Area Drilling

04/29/2002
AzerbaijanSooner International Petroleum Co., Oklahoma City, pulled out of the sluggish Southwest Gobustan oil and gas venture, blaming financial woes, Interfax reported.Commonwealth Oil & Gas Co. Ltd., a unit of A&B Geoscience Corp., plans to proceed with the project. It holds 80% of the project and SOCAR holds the rest. The venture aims to reactivate wells on nine structures and explore six undrilled structures on three blocks covering 604 sq km 60 km southwest of Baku (OGJ, June 26, 2000, p. 39).Congo (former Zaire)Perenco acquired Shell’s onshore upstream interests.Perenco was already operator of the onshore area, comprising Tschiende, Liawenda, Kinkasi, Makelekese, and Muanda f...
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