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Central Wilmington oil field due for denser development
02/19/2007
The central part of supergiant Wilmington oil and gas field is in the midst of a redevelopment project in which more than 500 wells drilled in the next few years.Los Angeles city authorities in late 2006 approved the drilling of as many as 540 directional oil and water injection wells from central facilities. The zoning approval facilitates plans by Warren Resources Inc., New York, to drill from two cellars under construction and due to be in operation by the end of the first quarter of 2007.Warren Resources had booked 50 million bbl of net proved reserves in Wilmington at the end of 2005 and believes its two units in the central part of the field hold large oil recovery potential. Click...
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