Unocal GOM Field Proceeding Quickly

Monday, May 22, 2000
Unocal Corp. said development work is going faster than expected on the Muni field in the Gulf of Mexico where appraisal drilling found additional secondary natural gas pay zones. Production from the field on Ship Shoal Block 295 is now expected late this year at an initial sustained rate of 100 million cubic feet of gas and 2,000 barrels of condensate per day, the company said in a report on exploration drilling to date this year prior to Monday's annual meeting in Brea, Calif. Unocal said the first Muni appraisal well penetrated two additional secondary gas pay zones and estimated reserves for the 100 percent owned field offshore Louisiana at 100 to 130 billion cubic feet. That compares to the 80 to 130 billion estimated when the December discovery was announce in mid-January and first production was expected in early 2001.

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.

Cruise Ship Trends

Vard Bags Hapag-Lloyd Cruises contract for 2 Vessels

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

 
 
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