Dominion Announces GOM Discovery

Monday, May 22, 2006
Dominion Exploration & Production, a wholly owned subsidiary of Dominion, announced a natural gas discovery on the Gulf of Mexico Shelf at the West Cameron 130 field. The field is located in 40 ft. of water approximately 250 miles southwest of New Orleans. “We are encouraged by this latest discovery in what continues to be the core area for our Gulf of Mexico Shelf program,” said Kevin P. Guilbeau, senior vice president and general manager for Dominion E&P’s offshore unit. “The new discovery is deeper than our existing production in the field. These deeper sands will be more fully appraised by continued drilling in this field and on other leases currently in our shelf inventory.” An exploratory well, the West Cameron 130 #3 reached a depth of 19,365 feet and encountered approximately 250 feet of net pay in multiple zones. Following completion operations, the well was tested at a restricted rate of 11.8 million cubic feet per day and 40 barrels of oil per day. Construction operations are under way to tie back production through Dominion E&P’s West Cameron 130 ‘B’ platform. Dominion E&P owns a 50 percent working interest and is the operator of West Cameron 130 #3. Hydro Gulf of Mexico LLC owns 35 percent and Mariner Energy Inc. owns 15 percent.

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0848 sec (12 req/sec)