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Libyan oil company National Oil Corporation (NOC) is considering a plan to invest in the construction of two oil refineries in Indonesia, company chairman Shokri Ghanem says.
Iraq has begun implementing extra security measures to protect oil fields in and around the south-eastern city of Basra, security sources announced on Wednesday.
Abu Dhabi’s privately held Dolphin Energy has expanded its natural gas pipeline system in the United Arab Emirates after completing its 128-km, 48-in. Taweelah-Fujairah Pipeline (TFP).
Bahrain has been forced into action to safeguard its oil and gas sector, which is under threat as a result of its aging workforce. There is already a 38 percent shortage of skilled petroleum engineers and geologists in the region, Oil and Gas Affairs Minister and National Oil and Gas Authority (Noga) chairman Dr. Abdulhussain Mirza told delegates at a conference in Manama.
Royal Dutch Shell PLC announced the successful completion of the Shell Eastern Petrochemicals Complex (SEPC) project in Singapore, underlining the firm’s aim of remaining a leading player in the region’s expanding petrochemicals market.
Canadian Superior Energy Inc. announces today that it has signed an Assignment and Transfer Agreement with BG Tunisia Limited and ENSCO Offshore
International Company related to the ENSCO 105 drilling rig. The ENSCO 105 is a ‘jackup’ rig (independent leg cantilever) built in 2002 and rated for water depths up to 375 feet and drilling depths down to 30,000 feet. This rig has been in the Mediterranean for the last few years on contract with BG.
It is anticipated that Canadian Superior will take operational possession of the rig
sometime in the 4th quarter of 2010 for the drilling of the Zarat North appraisal well on the 7th of November Block, offshore Tunisia / Libya.
The well will be drilled to approximately 3000 metres to test the El Gueria Formation. It is anticipated the well will take 45 days to drill and evaluate with a possible testing program to follow.
Canadian Superior is the operator of the 7th of November Block. Under a Participation Agreement, Canadian Superior holds a direct 50% interest in the Block and holds the remaining 50% interest in trust for a third party which is also obligated to pay 50% of project costs. Canadian Superior Energy Inc. is a Calgary, Alberta, Canada based diversified global energy company engaged in the exploration and production of oil and natural gas and in the development of a liquefied natural gas project. Its operations are located in Western Canada, offshore Trinidad and Tobago, North Africa, offshore Eastern Canada, and offshore Eastern United States.
See Canadian Superior’s website at www.cansup.com to review further detail on Canadian Superior’s operations. This news release contains "forward-looking information" (within the meaning of applicable
Canadian securities laws)
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