Posts Tagged ‘approximately’
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Lukoil buys 25% stake in Sierra Leone offshore project

by on November 8, 2012 3:56 am GMT
Lukoil buys 25% stake in Sierra Leone offshore projectBy James MarsonMOSCOW -- Lukoil has acquired a 25% stake in an offshore project in the Gulf of Guinea, off the shore of Sierra Leone, the company said in a statement. Lukoil acquired the stake from Talisman Energy, the project operator, the company

Central Petroleum and Total form strategic alliance for exploration in Southern Georgina basin

by on November 7, 2012 3:44 am GMT
Central Petroleum and Total form strategic alliance for exploration in Southern Georgina basinBRISBANE -- Central Petroleum has announced a multistage farmout agreement with Total for the exploration of approximately 6 million acres. The agreement covers four highly prospective areas in the vicinity of recent discoveries in the Southern Georgina Basin in central

Molopo honing in on Texas

by on October 24, 2012 11:07 pm GMT
As a result, the Australia-listed company will only drill one of the four wells planned for the Canadian province, trimming $15 million from its spending plan. "If the three Fiesta wells drilled in Texas perform as per type curve, the production from the Wolfcamp and the current Saskatchewan production

CNOOC starts Beibu flows

by on October 18, 2012 10:21 am GMT
The state-controlled entity has kicked off production at the oilfields Weizhou 11-2 and Weizhou 6-9/6-10, both of which are in the Beibu Gulf.The first oilfield currently has four producing wells and is set to hit peak production of around 3960 barrels per day of oil before the end of the year.