Area Drilling

CorrectionSaskatchewan's gas royalty rate varies positively with well production and as such is incorrectly represented as a horizontal line in Fig. 4b, OGJ, Feb. 5, 2001, p. 40. Producers in the province require a gas price of $2.64/GJ to achieve the target rate of return, not the $2.91/GJ shown in Table 4, p. 42.AustraliaSantos Ltd., operator of petroleum exploration permit 154, said its McIntee-1 wildcat opened a gas field in the Otway basin of Victoria.McIntee-1 found a 16.5-m net gas column in Cretaceous Waarre sand at 1,539-56 m. Interests are Santos 90% and Beach Petroleum NL 10%.Canary IslandsRepsol YPF, Madrid, is seeking government permission to explore waters surrounding th...

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