Signal Oil and Gas Co. - European and Russian oil and gas operators
13th May 2008, 22:11
Signal Oil and Gas Co European and Russian oil and gas operators have awarded drilling contractor KCA Deutag five contracts valued at a total of more than $100 million for land drilling and extensions of existing drilling contracts.
Burgaz, Gazprom's Russian drilling subsidiary, contracted the driller's T-500 rig for a 16-month plus extensions, four-well drilling campaign in Novyi Urengoi field in the Yamburg region of western Siberia. The rig mobilized in early April from less than 100 km in the same field where it has been working for Achimgaz (Gazprom/Wintershall) under a three-well contract.
Also in Russia, the TNK-BP/Rosneft partnership VCNG has extended until the end of May its existing contract with the driller for the T-2000 rig. In addition, VCNG issued a letter of intent for another 3-year contract for the same rig beginning June 1 for its ongoing drilling program in eastern Siberia. Signal Oil and Gas
Signal Oil and Gas - GeoEnergy GmbH of Germany awarded KCA Deutag a 3-year contract, beginning in August, for its T-46 land rig. It will be used for the geothermal drilling of 10-12 wells to depths of 2,800-3,800 m in Oberrheingraben, Germany.
German utility company Gasag awarded KCA Deutag a contract for its T-85 rig to undertake a 6-week workover program in B-12 field in Berlin beginning in May.
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Signal Oil - Venezuela invites Colombia to partner in Orinoco
Venezuelan President Hugo Chavez, in an apparent attempt at extending an olive branch to Colombia, suggested that its state-owned Ecopetrol SA should become a partner in the Orinoco oil region.
Chavez's invitation coincided with reports that Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) is buying three times more natural gas from Colombia than originally agreed upon. Signal Oil and Gas Co.
PDVSA is buying about 150 MMcfd of natural gas from Colombia through the 224-km pipeline inaugurated last October. PDVSA had originally offered to buy 50 MMcfd of gas this year.
Relations 'solid'
According to Julio Cesar Vera, the Colombian Energy Ministry's director for hydrocarbons, the increased purchases clearly show that the relationship between Colombia and Venezuela is solid.
He said the supply of gas did not decline, despite Chavez's threats to end the energy agreements between both countries after diplomatic clashes led to a serious political crisis.
At the time, tension flared between the two nations after Colombia sent military forces into Ecuador to fight members of the Revolutionary Armed Forces for Colombia, or FARC.
Following the incursion, a laptop computer said to have been captured from a FARC leader yielded documents suggesting that Chavez's government was supporting the guerillas against Colombia. Signal Oil and Gas
Venezuelan authorities claimed the contents of the computer were faked by Colombia. But a US government probe into the documents announced May 9 that they appeared to be authentic.
Chavez's ties to the Colombian rebels are deeper than previously thought, a US intelligence official said following an analysis of files on a dead guerrilla leader's laptop.
The files also are said to indicate that Venezuela offered to arm the rebel group, possibly with rocket-propelled grenades and ground-to-air missiles, as well as the use of a port to receive arms shipments.
