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Area Drilling

03/17/2008
VenezuelaThe Baripetrol SA joint venture’s $60 million 2008 budget for the Colon Block in western Venezuela calls for drilling four development wells in La Palma field, a 165 sq km 3D seismic shoot in Socuavo field, and 20 workovers in Los Manueles and Rosario fields. Baripetrol’s gross production is 10,500 b/d of oil and 5 MMcfd of gas, and the yearend 2008 target is 15,000 b/d and 10 MMcfd. A drilling rig under contract to Baripetrol through 2011 is to begin operations in April.PetroFalcon Corp., Caracas, has a 5% interest in the Baripetrol joint venture.AlbertaStealth Ventures Ltd., Calgary, is pursuing what it calls Alberta’s first commercial shale gas development at...
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