Spirit Energy 76 Discovers New Gas Field

Thursday, January 27, 2000
Unocal Corporation's Spirit Energy 76 unit said a wildcat exploration well in 240 ft. of water on its 100-percent owned Ship Shoal block 295 offshore Louisiana has discovered a significant new natural gas field with an ultimate discovery volume of as much as 130 billion cubic feet (bcf). Spirit Energy also said its net production reached 175,000 boepd at the end of 1999. The company expects continued production strength into 2000 due to increased development activities and exploration success resulting from higher capital spending in the last six months of 1999. "A discovery of this size in shallow water that can be brought on production quickly at high rates has extremely attractive economics," said Timothy H. Ling, Unocal CFO and executive vice-president, North American Energy Operations. "Successes like the Muni well are critical to helping Unocal meet its return on capital goals for the company's mature areas."
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3096 sec (3 req/sec)