Conoco Drills Successful U.K. Natural Gas Development Well, Finds New Reservoir Zone.Business/Energy Editors ABERDEEN, Scotland--(BUSINESS WIRE)--Aug. 1, 2002 Conoco (U.K) Limited, an affiliate of Conoco Inc. (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ), has successfully tested the first of six production wells currently being drilled in the CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. III natural gas development in the U.K. southern North Sea. During tests, the 44/17a-6Y well in the Hawksley field offshore Lincolnshire, England, achieved a maximum flow rate of 148 million standard cubic feet of natural gas per day. The well, which was drilled horizontally through Hawksley, encountered some 1,100 feet of net pay in the Carboniferous Westphalian formation. The Ensco 72 jack-up rig also discovered an additional reservoir zone. The find is being studied and implications for field reserves are under evaluation. Dr. George Watkins CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → tÃtulo de nobleza CBE n abbr (= , chairman and managing director of Conoco (U.K.) Limited, said that bringing in the new well was a significant milestone in the CMS III development. "It takes us that bit farther along the road to our goal of first natural gas production in the fourth quarter of this year, and the discovery of another zone in the Hawksley reservoir suggests at least a potential for some upside." CMS III is the unitized development of five natural gas discoveries in the U.K. southern North Sea. Part of the Conoco-operated Caister Murdoch System, it is located some 75 miles northeast of the Lincolnshire coast The coast of Lincolnshire runs for more than 50 miles down the North Sea coast of eastern England, from the estuary of the Humber (which divides it from East Yorkshire) to the marshlands of the Wash, where it meets Norfolk. . The co-venturers are Conoco (U.K.) Limited, operator, 59.5 percent; GDF GDF Gaz De France GDF Government(-wide) Data Files GDF Guardia di Finanza (Italian Revenue Guard Corps) GDF Global Development Finance (World Bank) Britain Limited, 26.4 percent; and Tullow Exploration Limited, 14.1 percent. The development, which has a expected future production of about 430 billion standard cubic feet (BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter ) of natural gas, (Conoco net some 256 BCF), is expected to cost approximately 207 million pounds sterling (about US $294 million). It received development consent from the British government in June 2001. Despite being large and relatively complex, it is still on track to begin flowing natural gas later this year. Once the six-well drilling program is complete next year the Hawksley, McAdam, Murdoch K, Watt and Boulton H fields that constitute CMS III are expected to achieve peak production of 300 million standard cubic feet (mmscfd) of natural gas per day. Conoco is a major, integrated energy company active in more than 40 countries. http://www.conoco.com |
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