Plains unit breaks impasse on new development drilling off California

11/17/2003
A Texas independent has won the right to undertake the first new oil field development project off California since 1997.Technically, the project is the expansion of an existing major development project in federal waters. But it targets an untapped reservoir that once had been part of another, nearby unit never approved for development. That enabled it to escape the kind of onerous review and fierce opposition that a "new" project proposal would have invited.Arguello Inc., a unit of Houston-based Plains Exploration & Production Co., late last month easily won permission to drill eight extended-reach (ERD) wells into federal waters of the Santa Barbara Channel from existing platforms in t...
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