New Developments
BP Norway has, on behalf of the Skarv-Idun licenses awarded the contract for fabrication of the Skarv FPSO Hull to Samsung Heavy Industries in South Korea. The contract value is 400 million USD (approx. 2.4 billion NOK). 
Plectrum together with its AIM listed joint venture partner, Gold Oil Plc (Gold), has been awarded an Exploration Licence covering Block Z-34, offshore Peru. 
Norwood Resources Ltd. has discovered gas, condensate and light oil in eight (8) separate zones in its exploration well, the San Bartolo Rodriguez Cano #1, on its Nicaraguan onshore concession. 
SOCO Vietnam Ltd., a subsidiary of SOCO International plc announces the preparation for the commencement of drilling of the first Clastics targeted well on Block 9-2 with the imminent spudding of the Ca Ong Doi 2X ("COD-2X") well. 
The Exxon Mobil Corp’s Sakhalin I energy project has reached daily production rates of 250,000 barrels of oil per day, the Texas-based major heralded late Wednesday. 
Aspen Exploration Corporation announced the acquisition of a 10% (12.5% working interest before payout of 110% of Aspen’s investment) non-operated working interest in the East Poplar Unit and Northwest Poplar Field in Roosevelt County, Montana. This field is operated by Nautilus Technical Group, LLC of Denver, CO. 
EPiC Capital Group, Inc. has signed a seismic farm-in agreement with a third party covering Epic leasehold in the northwest portion of it’s Reichel Field, located in Rush County, Kansas. 
Petrobras and partners Norse Energy and Queiroz Galvão Perfurações have hit 232 metres of net pay at a fifth well developing the Manati site offshore Brazil, it was learned Wednesday.
Lukoil and Qatar Petroleum sign memorandum of understanding Feb 14, 2007
Today in Doha during the visit of Russian President Vladimir Putin to Qatar, His Excellency, Abdullah Bin Hamad Al-Attiyah, the Chairman and Managing Director of Qatar Petroleum, and Mr. Vagit Alekperov, the President of LUKOIL, have signed a Memorandum of Understanding regarding cooperation in the area of exploration, development and recovery of oil and gas fields. 
Bluewater Energy Services B.V. has been recently awarded a contract by LUKOIL - Nizhnevolzhskneft for the delivery of Soft Yoke Mooring System for export of crude oil. The system will be part of Lukoil’s Yurii Korchagin field development and installed in a water depth of 20 metres and 200 km offshore Russian coast in the Caspian Sea. 
Paris-based process technology giant, Technip, will design four generic wellhead platforms and their sub-sea pipelines and tie-ins for the oilfield arm of the Thai Petroleum Authority. 
Budapest-based Falcon Oil declared Tuesday that it estimates 54.9 trillion cubic feet of gas are recoverable from its Mako Trough project after staking out reserves in its drilling campaign. 
India's flagship oil and gas explorer, Oil and Natural Gas Corporation (ONGC) has signed an agreement with Russia's state owned Gazprom to jointly explore oil and gas fields in India, Russia and third countries. 
The Government of India has announced that Santos has secured two offshore deepwater exploration licences in the Bay of Bengal, with a commitment to an eight-year US$70 million (A$90 million) work program. 
Stock-market favourite Cairn through its Indian subsidiary looks set to drill on two offshore blocks, awards in the latest Indian offshore licensing round, it was it was learned Friday. |
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