Tuesday, June 19, 2007

Petroleum Development Oman will develop its Mabrouk field after the plan received shareholder approval, Khaleej Times reported. The project calls for the drilling of up to 80 new wells and the construction of a production station and gathering system. The work is expected to boost capacity from the field from 8,000 bpd to between 15,000 and 20,000 bpd of oil, and will produce 1m-2m cubic metres a day of gas.
Details : AME INFO
Labels: Exploration, Gas, News, Oil, Production
Monday, June 18, 2007
BPZ Energy, Inc. announced today that the Corvina CX11-16X well was successfully completed as a natural gas producing well, following workover and testing operations.A total of four Drill Stem Tests (DST) were conducted on various zones in the well including one in a formation previously untested in the entire basin. After completion, a final production test yielded approximately 20 million cubic feet per day (mmcf/d).
Details : ScandOil
Labels: Energy, Exploration, News, Well

There are fears that, after almost four years of negotiations, the British-Russian joint company TNK-BP will be forced to cede control of the Kovytka gas field to Russia's state-controlled energy giant Gazprom.
Russia has said that TNK-BP is not producing enough gas from the field and is therefore not complying with production obligations. "How long should we tolerate it if participants of that consortium do nothing to meet the license obligations?" Putin asked on June 5. The Russian president didn't mention that TNK-BP has repeatedly said that the reason it can not meet license obligations is that Gazprom has blocked a plan to build a gas pipeline to China.
Russia has said that TNK-BP is not producing enough gas from the field and is therefore not complying with production obligations. "How long should we tolerate it if participants of that consortium do nothing to meet the license obligations?" Putin asked on June 5. The Russian president didn't mention that TNK-BP has repeatedly said that the reason it can not meet license obligations is that Gazprom has blocked a plan to build a gas pipeline to China.
Details : RadioFreeEurope
Labels: Energy, Exploration, Gas, News, Pipeline, Production
Thursday, June 14, 2007
Shell U.K. Limited (Shell), along with Esso Exploration and Production UK Limited, an ExxonMobil subsidiary, intends to market their equity interests in a number of Northern North Sea assets, which include operated interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican and non-operated interests in Otter and Hudson, as well as an operated interest in the associated oil evacuation system.Details : Scandoil
Labels: Exploration, News, Production