More Oil & Gas Exploration and Development News

INTEGRATED PETROLEUM EXPLORATION PROGRAM EP-20 UNDER WAY IN AUSTRALIA'S N.T. AMADEUS BASIN

Feb 19, 1990 Donald F. Saunders, C. Keith Thompson Recon Exploration (Australia) Pty. Ltd. Glenelg, S. Australia EP-20 is located in the east-central portion of the Amadeus basin. Petroleum in the basin has been found mainly in structural fold-related traps within Late Proterozoic to Late Ordovician marine to marginal-marine clastic and evaporate sequences.

TAIWANESE, CHINESE TREATMENT FACILITIES INSTALLED

Feb 19, 1990 Water treatment facilities from a U.S. company have been installed in a major Taiwanese refinery and in two mainland Chinese oil fields. Chinese Petroleum Corp. recently installed a wastewater treatment plant at its Kaohsiung, Taiwan, refinery. The treatment plant was needed because of expansion of the refinery's naphtha-cracking facilities at the 446,500-b/d refinery, the largest refinery, in terms of crude charging capacity, in the Asia/Pacific region.

GULF CANADA STEPS UP PROGRAMS IN SUMATRA

Feb 19, 1990 Subsidiaries of Gulf Canada Resources Ltd. have signed a production sharing contract and a joint operating agreement covering two areas in the southern part of Sumatra, Indonesia. Indonesia's Pertamina and Gulfcan Sumatra Ltd. signed the 30 year production sharing contract covering a 1,450 sq mile block north of the Corridor block. A 6 year exploration agreement in which Gulf was a partner expired last year. There is no production on the block.

INTERNATIONAL BRIEFS

Feb 19, 1990 IMPERIAL OIL LTD. received final regulatory approval for its $4.9 billion takeover of Texaco Canada Inc., 1 year after the companies announced a deal. Approval came from Ottawa's Competition Tribunal after Imperial agreed to meet tribunal requirements for sale of Texaco properties (OGJ, Feb. 12, p ' 26), Imperial will sell 638 service stations and provide gasoline supply guarantees to independent retailers in Ontario and Quebec to ensure competition.

EXPLORATION DUE OFF ARGENTINA

Feb 19, 1990 Union Texas (Argentina) Ltd. has signed an exploration/production agreement with Yacimentos Petroliferos Fiscales SA (YPF), Argentina's national oil company, covering 4.4 million acre Block CCM-1. The tract lies in the Colorado basin, about 155 miles off Argentina in the South Atlantic Ocean. The area is located about 310 miles south of Buenos Aires. The agreement calls for a 3 year seismic program with an option to enter into a 4 year exploration program. Union Texas, with an 85% interest,

OFFSHORE AREA BOOSTS WYTCH FARM RESERVES

Feb 19, 1990 BP Exploration has confirmed a 100 million bbl offshore extension of Wytch Farm oil field on the south coast of England. The offshore extension of western Europe's largest onshore reservoir boosts Wytch Farm reserves to about 300 million bbl. Options to develop the added reserves have been proposed, and BP now has the task of winning approval for the project in an environmentally sensitive area. BP is in the final stages of a major expansion of the onshore portion of the field, about 20

A NEW COMPETITOR FOR INTERNATIONAL CAPITAL

Feb 19, 1990 A major competitor soon will enter the world market for exploration and development capital. Venezuelan Pres. Carlos Andres Perez has confirmed that state owned Petroleos de Venezuela SA will seek international oil company help with $15.8 billion in upstream investments it plans through 1995. Since nationalization of the oil industry in 1976, Venezuela has kept foreigners out of exploration and production. Apparently, the government now realizes that Pdvsa can't single-handedly convert

INDUSTRY PRESSES PROGRAM TO BOOST OIL AND GAS PRODUCTION IN NIGERIA

Feb 26, 1990 Roger Vielvoye International Editor Nigeria, West Africa's biggest oil producer, has started a major spending program to boost its oil flow in the mid-1990s. The goal is to take advantage of an expected increase in demand for oil from members of the Organization of Petroleum Exporting Countries. Money also is being plowed into gas development. Nigeria's biggest single investment in the early 1990s aims to turn the country into West Africa's first gas exporter.

GAS FIELD DEVELOPMENT DUE IN GULF OF MEXICO

Feb 26, 1990 More gas discoveries are earmarked for development in the Gulf of Mexico. In the latest action: Texaco U.S.A. plans to install an eight slot, four pile platform to develop its Neptunite prospect on West Cameron Block 196 in 60 ft of water about 35 miles off Cameron Parish, La. Amerada Hess Corp. and partner Oryx Energy Co. will install a 12 slot, four pile platform in 304 ft of water to produce gas from Mustang Island Blocks A112, A121, and A122 about 65 miles east of Corpus Christi.

ZONED AUTO-PICKING OF SEISMIC BOOSTS CAEX

Feb 26, 1990 Jay E. Valusek Landmark Graphics Corp. Houston Mike Padgett, John Austin, R.L. Woodhams Pennzoil Co. Houston Ian Page Mobil Oil Canada Ltd. Calgary

HORIZONTAL DRILLING SCORES MORE SUCCESSES

Feb 26, 1990 Guntis Moritis Drilling/Production Editor The Journal's second exclusive compilation of horizontal drilling projects under scores that this technology is receiving worldwide acceptance, and the number of wells drilled continues to accelerate rapidly. The following pages document many of the wells drilled in 1989 and the 1990 plans of operating companies.

ARKOMA BASIN TALLY UPDATED AS DEEP SEARCH GAINS PACE

Feb 26, 1990 M.G. Whitmire Bandera Petroleum Inc. Tulsa Recent events in the Arkoma basin bring to mind the old hunting story where the veteran hunter lures the new would-be hunter out at 4:30 AM in subfreezing temperatures, and after a few hours of keen excitement but extreme discomfort the new hunter asks, "Are we having fun yet?" Many newcomers to the basin who have been caught up in the excitement of the hunt, and spent a great deal of time and money, but have not yet enjoyed its rich rewards, are

U.S. BRIEFS

Feb 26, 1990 MINERALS MANAGEMENT SERVICE set terms for OCS Sale 123 of 5,698 blocks covering 30.5 million acres in the Central Gulf of Mexico. The sale, scheduled Mar. 21 at Le Meridien Hotel, New Orleans, will offer tracts 3220 miles off Louisiana, Mississippi, and Alabama in 4-3,200 m of water.

INTERNATIONAL BRIEFS

Feb 26, 1990 U.S. EXPORT-IMPORT BANK approved a $13.2 million loan to Algeria's Sonatrach to help refurbish its Arzew liquefied natural gas plant, which is operating at only 60% of capacity (OGJ, Feb. 19, p. 34). Sonatrach will use the money to pay for engineering services from M.W. Kellogg, Houston, turbine parts from General Electric, and turbo-compressor parts from Elliot Turbo Machinery and Turbodyne.

BRITISH GAS TO INVEST IN SMALL FIRMS

Feb 26, 1990 British Gas plc has set up BG Ventures, a U.K. venture capital fund. BG Ventures will invest in small, mainly British companies with potential for long term development where additional funds and associated support could make the difference between success and failure. A British Gas subsidiary will capitalize the fund at El 5 million ($8.77 million). BG Ventures will invest in companies bringing to market new technologies, products, and services that relate to oil and gas exploration and

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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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