More Oil & Gas Drilling and Production News

IMPORTANT NORWEGIAN CRUDE ASSAYS UPDATED

Mar 12, 1990 Richard A. Corbett Refining/Petrochemical Editor New assays on two important Norwegian North Sea crude oils, Statfjord and Gullfaks, have updated earlier assays published by OGJ on June 6, 1983. Both are high-quality, low-sulfur crudes that will yield a full range of good-quality products. All assay data came from industry-standard test procedures (Table 1). The Statfjord field, operated by Statoil the Norwegian state oil company, is the largest in the North Sea. Production started in 1979.

TESTS PLANNED ON BRITISH COLUMBIA'S COAST

Mar 12, 1990 John McCaslin Exploration Editor Three of the most interesting wildcats of the season will be drilled on the delta of the Fraser River in British Columbia, western Canada. Dynamic Oil Co. and Conoco of Canada announced last December that the planned exploratory sites are the result of recent concentrated studies of the hydrocarbon potential of Canada's Pacific Coast margin which was concentrated in the Queen Charlotte and Georgia basins.

CONOCO'S HORIZONTAL DRILLING BOOSTS FLOW RATES IN NORTH SEA

Mar 12, 1990 Units of Conoco Inc. have drilled their first two horizontal wells in the U.K. and Dutch North Sea, achieving good flow rates at both. The wells used the medium radius technique, employing specially designed motor systems to achieve angle build rates of 6-20/100 ft. In Block 49/16 off Britain, the well by Conoco (U.K.) Ltd. in North Valiant gas field was the first horizontal drilling in the southern gas province of the North Sea. It also was the first time the medium radius technique was used

PIPELINE, FISHING FACTIONS ARGUE SAFETY ISSUE

Mar 12, 1990 The U.S. gas pipeline and fishing industries are at odds over what should be done to keep fishing vessels from striking pipelines on the seabed. Pipeline witnesses told a House merchant marine subcommittee hearing in New Orleans the locations of offshore pipelines should be noted on marine navigation charts, and commercial fishing vessels should be required to consult them. Fishing industry witnesses said offshore pipelines should be buried deep enough so that even if a ship pushed through a

MANY SALT DOMES STILL NEED TESTS IN '90S

Mar 12, 1990 Jack Moody Mississippi Bureau of Geology Jackson, Miss. In 1901 the discovery of oil at Spindletop established the association of salt domes and oil and gas production. Spindletop, through time, also proved the enormous potential of salt dome production by yielding over 152 million barrels of oil.

ANALYSTS HIKE OIL PRICE ESTIMATE FOR 1990S

Mar 19, 1990 Financial analysts have increased their estimated oil prices for the first half of the 1990S. Salomon Bros. Inc. and Morgan Stanley & Co., both of New York, boosted oil price expectations but disagreed on what will happen to gas prices. Salomon Bros. issued a new 5 year oil and gas price forecast with revised oil and gas price estimates significantly higher than in its previous forecasts. It forecast average prices for West Texas intermediate crude at $28.50/bbl in 1994 and $31.50/bbl in 1995.

U.S. BRIEFS

Mar 19, 1990 NICOR EXPLORATION, Denver, tested 4 Bowman in Pittsburg County, Okla., an apparent Ordovician Viola discovery about 6 miles west of Cambro-Ordovician Arbuckle gas production in Wilburton field. It flowed 2.25 MMcfd of gas from perforations at 13,580-614 ft. TRANSOK INC., Tulsa, started construction of Phase II of its Arkoma basin project, a 64 mile, 24 in. pipeline from near Wilburton, Okla., to Transok's Texoma system in northwestern Atoka County, Okla. Capacity will be 250 MMcfd of gas

ARE OIL AND GAS RESERVE VALUES FAILING?

Mar 19, 1990 Robert H. Caldwell, David I. Heather, Wayne A. Beninger Scotia Group Dallas The market for oil and gas reserves (properties and companies) is of interest to all oil companies who have an eye on their performance in reserve replacement. Since the 1986 oil price crash, various groups who monitor comparative sales have been reporting that the value of reserves, while tending to fluctuate with commodity price changes, has exhibited a decreasing trend (refer to Strevig's Quarterly Median

MULTINATIONAL SERVICE COMPANY TAKES SHAPE

Mar 19, 1990 Organizations from three countries have teamed up to form a joint venture service company. U.K., Soviet, and Hungarian entities formed 21st Century Chemical International Ltd. (21 CCI). Participants are Messina International, London; NPO Burenie of the Ministry of Oil and Gas Industry, Krasnodar, U.S.S.R.; and SZKFI of the National Oil & Gas Trust in Budapest. The combine will develop, produce, and sell Soviet and Hungarian products, technology, and services to the West and western products,

STATOIL CLAIMS RECORD FOR EXTENDED REACH

Mar 19, 1990 Norway's Den norkse stats oljeselskap AS has laid claim to the world record for the longest extended reach well. Statoil's Statfjord C10 well in Block 33/09 of the Norwegian North Sea, now on stream, had a horizontal displacement of 16,410 ft. It was drilled to 20,336 ft measured depth from Statfjord field's concrete gravity based platform. With minor changes it will be possible to drill as much as 6,560 ft farther than C10, Statoil said.

DEEP PALEOZOIC HOLES NEEDED IN NEBRASKA

Mar 19, 1990 John McCaslin Exploration Editor Most exploratory interest in the Denver basin province these days centers around recent Paleozoic discoveries and subsequent development action. Petroleum Frontiers, a Petroleum Information publication, notes in its coverage of the western Nebraska panhandle region, that this play was long overdue. Wildcatting has been characterized by very high success ratios for a basin with thousands of wells and dry holes. Some discoverers have seen 70% success in this

OPEC JUMP RAISES '89 WORLD OIL FLOW 2.8%

Mar 19, 1990 Robert J. Beck Economics Editor A large increase in production by members of the Organization of Petroleum Exporting Countries boosted world oil production 2.8% in 1989. World flow rose 1.652 million b/d to an average 59.661 million b/d last year. Production is up 6.052 million b/d, or 11.3%, in the last 4 years. Production in 1989 was the highest since 59.715 million b/d in 1980. Non-Communist production rose 4.6% to 44.381 million b/d. This was also the highest level since 1980's 45.146

PCIAC EXPANDS EXPLORATION ASSIST TO JORDAN

Mar 19, 1990 Petro-Canada International Assistance Corp. (Pciac) has extended for 2 years a technical assistance project in Jordan. The $15 million extension boosts Pciac's commitment to Jordan's Natural Resources Authority (NRA) to a total of as much as $47 million in goods and services drawn mainly from the western Canadian petroleum industry. The added funds will provide equipment, training, advisers, and technical support for NRA's hydrocarbon exploration programs.

GREEN CANYON DRILLING BENEFITS FROM ALL-OIL MUD

Mar 19, 1990 Lindsay J. Fraser, A.J. Gerbino, Bill Hurst International Drilling Fluids Inc. Houston Jerry P. Allamon, Chris Beato, Mike Shaughnessy Conoco Inc. New Orleans With the recent introduction of high-performance, oil-mud viscosifiers and filtration-control products, all-oil drilling fluids have proven to be practical. A number of wells in the deepwater Green Canyon Block 184 have been successfully drilled with the all-oil fluid. When compared to wells in the area previously drilled with

MALAYSIAN OIL PRODUCTION PREDICTED TO RISE

Mar 19, 1990 Malaysia's crude oil and condensate production will peak at 670,000 b/d in 1993 from its current level of 590,000 b/d, predicts County NatWest Woodmac, Edinburgh, Scotland. Production will then decline to about 600,000 b/d and, depending on how the government's depletion policy is implemented, could remain at that level until 2000. Exploratory drilling will remain at about 30 wells/year during the next 5 years, says Woodmac's Far East Report.

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Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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