1. Canada’s Nelson Resources Buys Stake In CNPCI’s North Buzachi Field

    ...atement said that the current government-approved full field development plan called for production to peak at 40,000 b/d in 2017, but Nelson and CNPCI would attempt to hit that production target by 2009. North Buzachi, which is located some 200km north of the Caspian port city of Aktau and about 18...

    Volume: 46
    Issue: 50
    Published at Mon, 15 Dec 2003
  2. Statoil Enters Algerian Gas Sector Through BP Share Transaction

    ...7bn, of which Statoil’s share is $540mn. Phase One of the project, involving the development of the Krechba, Reg and Tegentour fields, is 70% complete and gas sales are fully contracted at 9 bcm/y to 2017, Statoil said. The In Amenas project, which is licensed to 2022 with a five year extension op...

    Volume: 46
    Issue: 26
    Published at Mon, 30 Jun 2003