Schlumberger and CanBaikal Resources Inc. Sign Production Optimization Agreement.Business/Energy Editors MOSCOW--(BUSINESS WIRE)--July 13, 2001 Experienced Multidisciplinary mul·ti·dis·ci·pli·nar·y adj. Of, relating to, or making use of several disciplines at once: a multidisciplinary approach to teaching. Team Will Select and Implement Optimal Development Plan for Field in Western Siberia Western Siberia is a part of Siberia located between the Ural mountains and a watershed of the rivers Ob and Yenisei. Politically-administratively the territory of Western Siberia is divided into Kemerovo, Novosibirsk, Omsk, Tomsk, and Tümen Provinces, Hunty-Mansi Autonomous Schlumberger and CanBaikal have reached a production enhancement agreement for the Untegey field in Western Siberia. This production enhancement process combines new-generation reservoir characterization and flow simulation tools with a team approach to evaluating field-development and production strategies. Working closely with CanBaikal, an experienced multidisciplinary team will select and implement the optimal development plan. Reservoir monitoring and control processes are included to provide ongoing optimization of production and revenue. It is anticipated that the project will begin in mid-summer 2001 with a production optimization plan for the company's Kulun pool followed by drilling in the 2001 -- 2002 winter season. Both parties expect to establish an IPM (1) (Impressions Per Minute) Generally refers to document scanners that scan both sides of the page at the same time. Thus, a scanner that scans at 100 ppm (pages per minute) can provide 200 ipm. See ppm and document scanner. relationship that will be ongoing in the development of CanBaikal's other fields and pools in the Untegey block. Patrick Schorn, Schlumberger Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. general manager in Russia, stated: "We are very pleased to be associated with CanBaikal for this project. We have in Russia an experienced team of professionals who will work with CanBaikal to enhance the production from the Untegey field." Robert Bolton Robert Bolton (1572-December 16, 1631) was a puritan preacher and author. He was born in Blackburn, Lancashire and beginning at age 18, he was educated at Lincoln College and then Brasenose College, Oxford University. , president and chief executive officer of CanBaikal, said: "We feel confident that the technical strengths of Schlumberger, aligned with our financing objectives through an innovative risk/reward scheme, will deliver exceptional results on this project, maximizing the returns to CanBaikal's shareholders." About CanBaikal Resources Inc. CanBaikal Resources Inc. is a Calgary-based independent oil producer that has 100% ownership in the Untegey block, a 400-square-kilometer license of the Western Siberian basin in the province of Khanty Mansiysk, Russia. Additional information is available at www.canbaikal.com. About Schlumberger Schlumberger Oilfield Services, a business segment of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ), is the leading supplier of services and technology to the international petroleum industry and operates offices, service locations, and research and development facilities around the world. Schlumberger is a global leader in technical services spanning the oil and gas, utility, semiconductor, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , network and Internet solutions industries. Schlumberger revenue was $9.61 billion in 2000. Additional information is available at www.slb.com and in Russian at http://www.slb.ru. |
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