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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Transocean: Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service

Navantia Orders Sedni IAS for PEMEX Flotel

Sedni secures an important contract with Navantia to supply its Automation System (IAS) Diamar for the flotel vessel (BAP) which is being built at Ferrol factory for PEMEX owner.

MN 100: Tidewater Inc.

601 Poydras Street, Suite 1500 New Orleans, Louisiana 70130 Telephone: 504 568 1010 E-mail: corth@tdw.com Website: www.tdw.com Chairman and CEO: Jeff Platt Number of employees: 8,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators 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: 0.0981 sec (10 req/sec)