Muckraking in Java's gas fields
Southeast Asia Jul 14, 2006
By Chris Holm
JAKARTA - On May 27, a natural gas drilling operation in Indonesia's East Javaprovince got exceptionally messy. ...Indonesia's national environmental watchdog, Wahli, estimates the costs of theclean-up could reach more than US$200 million. Meanwhile, in the town of Sidoarjo,thousands of the displaced villagers hunker down as best they can in a large sectionof a market converted into a makeshift refugee center. With their crops in ruins andtheir workplaces shuttered, they have been promised a subsistence income ofUS$30-$70 a month by Lapindo and are subsisting largely on handouts.And still the mud continues to flow. Around the drilling site, the land has beentransformed from green paddy fields into inhospitable seas of asphalt-colored muck.Near its center, a black geyser roars, like an unearthly scene from a volcanic plateau. Mired at the center of the muck is the drilling company, Lapindo. To manyIndonesians, the lines between the cause and effect of the mud seemed clear: theypointed directly at the prospector - and down into the almost three-kilometer deephole it had dug.
acquisition Oilfield Glossary
Santos activity map
Exploration Program LNG and oil are the focus of Santos' 25-well high-impact exploration program for 2006. Total expenditure across the company’s Australian and overseas exploration areas is forecast at $225 million compared with $187 million spent on exploration in 2005. Reflecting the widening geographical nature of Santos’ exploration portfolio, 17 of the 25 wildcat wells will be drilled outside of Australia. This includes eight wells in the Company’s core Indonesian area, two in its emerging Timor-Bonaparte region, and seven wells to be drilled in new Santos areas of interest such as Egypt (three wells) and the shallow water Gulf of Mexico in the USA (four wells). In Australia, two wells will be drilled in the Carnarvon Basin offshore Western Australia, one well in Queensland’s Bowen Basin, two in the Otway Basin and three wells in the onshore Cooper Basin.
Materiality is weighted towards the third and fourth quarters of 2006 when the Lynedoch and Evans Shoal South prospects will be drilled in the Timor-Bonaparte along with exploration wells in the Kutei and East Java basins in offshore Indonesia...
Increase in profit before tax by 21% and net profit by 23% to..
Post-mortem to be done on south-east whale
Last Update: Wednesday, July 5, 2006. 11:43am (AEST)
A dead pilot whale found beached off the South Australian south-east coast will be transported to Adelaide for a post-mortem examination.
The four-and-a-half metre pilot whale found at Eight Mile Creek yesterday will be transported to Adelaide in the next couple of days. It is hoped a cause of death for the half-grown whale can be determined. The Environment Department says there have been five cases of whales beaching themselves in the south-east over the past four years. However, most of those whales had been smaller in size. District ranger Ross Anderson says most of the past whale beachings had occurred after seismic testing had been carried out in the area, but there was no proof of a connection to tests currently being carried out. The whale carcass will be examined by the South Australian Museum when it is transferred later this week. Santos, the company carrying out the seismic surveying, says it is impossible to say what caused the whale's death. A spokesman says the company follows strict guidelines to ensure the protection of marine mammals within its test areas. The company has only been able to complete limited days of seismic testing off the south-east coastline due to adverse weather conditions.
Chevron's Approach
(to renewables)
Marine seismic vesselThis marine seismic vessel is towing multiple streamers that contain hydrophones. Air guns emit a signal like a sound wave that travels through the water into the Earth, passes through strata with different seismic responses and filtering effects, and returns to the hydrophones to be recorded as seismic data.
Think they'll need one of these off the coast of California?
Pacific Energy Resources Ltd. Announces Signing of Purchase and Sale Agreement for Majority Interest in Beta Oil Field Unit
JULY 10, 2006 - 08:30 ET
LONG BEACH, CALIFORNIA--(CCNMatthews - July 10, 2006) - Pacific Energy Resources Ltd. (TSX:PFE)(the "Corporation") wishes to announce that further to its news release of February 24, 2006, it has signed a definitive Purchase & Sale Agreement with Aera Energy LLC regarding the sale of its 71% interest in the Beta Unit, offshore California. Before the acquisition is completed, the Corporation is required to satisfy a number of financial and regulatory requirements, further particulars of which have been filed today on SEDAR as an additional News Release at http://www.sedar.com/.Netherland Sewell & Associates (NSA) estimated Proved Reserves of 19.78 Million barrels of 14 degree API oil and 3.23 Bcf of gas as of May 1, 2006 for the Unit. It also estimated 11.61 Million barrels of Probable oil reserves, 1.93 Bcf of Probable gas reserves, 31.26 Million barrels of Possible oil reserves and 4.84 Bcf of Possible gas reserves. These estimates are based on forecasted price scenario and have PV10% values of US$ 193.90 Million, US$ 89.29 Million and US$121.14 Million for Proved, Probable and Possible reserve categories respectively.The Beta Oil Field is located in San Pedro Area, in Federal waters nine miles offshore Long Beach, California. The leases in question are POCS 300, 301 and 306. A complex of two production platforms (Eureka and Ellen) and a facilities Platform (Elly) handle production from these leases. Platform Edith, also in the Beta Oil Field in lease POCS 296 is neither owned nor operated by Aera and is not included in this acquisition.The Beta Field was discovered in 1976 by Shell Oil Company...
Umm. that's like ONE day's worth of oil for the US.
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