Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 12

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 12

3/24/2008 10:57:10 AM

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 12

Newsletter Volume 06 Issue 12

Asia & Middle East Highlights

Jura Energy Announces Long Term Drilling Contract in Pakistan
Jura Energy Corporation announced that Petroleum Exploration Limited, the Operator of its concessions in Pakistan, has entered into a long term contract with Weatherford Drilling International for the provision of a new National Oilwell Varco 1500 hp IDEAL drilling rig. More...

Lukoil Acquires New Hydrocarbon Assets in Uzbekistan
LUKOIL Overseas has completed a transaction with ZAO MGNK-SoyuzNefteGaz to acquire 100% of SNG Holdings Ltd. group, one of which is SoyuzNefteGaz Vostok Limited, a signatory to the Production Sharing Agreement (PSA) on the South-Western Gissar and Ustyurt Region fields in Uzbekistan. More...

Global Industries Awarded Two Middle East Contracts Totaling $35 Million
Global Industries announced that two of its subsidiaries have received contract awards worth a total of approximately $35 million. One contract calls for the transportation and installation of seven jackets in Saudi Arabia while the other contract is for the transportation and installation of two jackets and decks offshore Qatar. More...

Stratic Energy announces first gas from Ayazli field offshore Turkey
Stratic Energy announced that gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey. Ayazli is the third gas field to start production under Phase 1 of the South Akcakoca Sub Basin development; the Akkaya and East Ayazli gas fields commenced production last year. More...

Africa Highlights @ GulfOilandGas

Aminex Announces Gas Discovery in Tanzania
Aminex announced a successful result from the drilling of Kiliwani North -1 (“KN-1”), offshore Tanzania in the Nyuni/East Songo-Songo licence area. KN-1 has intersected a substantial gas column in Lower Cretaceous sandstones, the same reservoir that produces gas commercially in the neighbouring Songo-Songo gas field. More...

Cameron Awarded $650 Million Contract For Subsea Equipment Offshore West Africa
Cameron has been awarded a contract with an initial value of approximately $650 million to provide subsea systems for the initial phase of Total’s Usan, a 44-well subsea development project offshore Nigeria. More...

Events @ GulfOilandGas

Electronic & Wireless Technology 2008
At Asia’s first Electronic & Wireless Technology forum, gain firsthand insights into the successes that BG India, StatoilHydro, Medco Energi & more have seen in: Achieving higher data security and integrity with Canopy & WiMax systems.

Produced Water 2008
Can Produced Water be considered an Asset and not a liability in your organization? The answer is simply YES! The more forward thinkers in this industry not only say that with the right technologies and methodologies in place this is possible, they have projects to prove it.

Brought to you by:

Oil Market @ GulfOilandGas

Oil Market Highlights - Mar 08
The OPEC Reference Basket averaged $90.64/b in February, representing a gain of $2.29 or 2.59% over the previous month. Prices were pushed higher by US dollar weakness, which encouraged the continued inflow of funds into the paper-oil market as investors sought to hedge against inflation and currency fluctuations. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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