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March 28, 2013
07:08 EDTBP, RDS.A, RDS.B, COP, CVXBP, Shell, others to invest $500M in Clair field drilling program
BP (BP) and its co-venturers Shell (RDS.A), ConocoPhillips (COP) and Chevron (CVX) announced their decision to proceed with a two-year appraisal program to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands. The initial commitment involves a two year program to drill five appraisal wells. This could increase to between eight and twelve wells, depending on results from these first wells. Drilling of the first well commenced recently. The objectives of the program are to provide greater certainty on overall reservoir volumes, including their distribution and fluid characteristics; to evaluate technologies to improve recovery from Greater Clair; and to test the possibility of new standalone developments and linkages to Clair Ridge. The initial investment in the appraisal program will be greater than $500M gross.
News For B;COP;CVX From The Last 14 Days
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August 29, 2014
06:38 EDTCOP, CVXRising oil supplies pressuring prices, NY Times says
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August 27, 2014
09:51 EDTCOPConocoPhillips management to meet with Oppenheimer
Meeting to be held in New York on September 3 hosted by Oppenheimer.
August 26, 2014
06:45 EDTCVXChevron aims for $1.5B in Canadian oil endeavor, Reuters says
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August 25, 2014
16:36 EDTCVXPacific Drilling gets firm contract extension for the Pacific Bora
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August 17, 2014
17:56 EDTCOPBB&T, Juniper, two others look discounted, Barron's says
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