Conoco Reports Successful UK Southern Basin Natural Gas Well.Conoco (NYSE NYSE See: New York Stock Exchange :COCA coca (kō`kə), common name for shrubs of the genus Erythroxylum, particularly E. coca, of the family Erythroxylaceae, and found abundantly in upland regions and on mountain slopes of South America, as well as in Australia, India, ) (NYSE:COCB) has announced a successful natural gas well in the southern sector of the U.K. North Sea. When developed, Conoco said it could yield expected future production of more than 80 billion standard cubic feet of gas. The company is now evaluating the accumulation as part of its Caister Caister may refer to:
(2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. III) development program of five natural gas fields This list of natural gas fields includes major fields of the past and present. N.B. Some of the items listed are basins or projects that comprise many fields (e.g. Sakhalin has three fields: Chayvo, Odoptu, and Arkutun-Dagi). in the North Sea. First production is expected in the fourth quarter of 2002. "The U.K. southern North Sea has been important to Conoco for more than 30 years," said Dr. George Watkins, chairman and managing director of Conoco (U.K.) Limited. "We've been exploring there since the 1960s and producing natural gas non-stop since 1972. This latest success reaffirms the province's status as a core business area for Conoco and as a significant contributor to the U.K. economy. I look forward to seeing this accumulation, and the others that will be developed in the area, continuing that contribution." The gas find lies between the Conoco-operated Murdoch and Caister natural gas fields in blocks 44/22a and 44/23a, 75 miles (120 kilometers) northeast of Theddlethorpe St. Helen St.Helen may refer to:
GDF Government(-wide) Data Files GDF Guardia di Finanza (Italian Revenue Guard Corps) GDF Global Development Finance (World Bank) Britain Limited, 11.5 percent. Co-venturers in block 44/23a are Conoco (U.K.) Limited, as operator, 30 percent; Consort Resources Limited, 49 percent; and GDF Britain Limited, 21 percent. The Ensco 80 jack-up exploration rig drilled the well in 131 feet (40 meters) of water between December 2000 and March 2001. It encountered approximately 739 feet (225 meters) of gross pay, 170 feet (52 meters) net, in the Carboniferous Westphalian formation. The well was not tested, as wireline logs confirmed that the high quality of the reservoir is consistent with that of others operated by Conoco in the area. Conoco is a major, integrated energy company active in more than 40 countries. |
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