|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the DVN 10-K filed Feb 27, 2009. International
Azerbaijan — Outside North America,
Devon’s largest international property in terms of proved
reserves is the Azeri-Chirag-Gunashli (“ACG”) oil
field located offshore Azerbaijan in the Caspian Sea. ACG
produces crude oil from conventional reservoirs. We hold
approximately 6,000 net acres in the ACG field and have a
5.6% working interest. In 2008, we participated in drilling
15 gross wells.
China — Our production in China is from the
Panyu development in the Pearl River Mouth Basin in the South
China Sea. The Panyu fields produce oil from conventional
reservoirs. In addition to Panyu, which is located on
Block 15/34, we hold leases in four exploratory blocks
offshore China. In total, we have 7.9 million net acres
under lease in China. We have a 24.5% working interest at Panyu
and 100% working interests in the exploratory blocks. We drilled
seven gross wells in China in 2008.
Brazil — In 2008, we continued to ramp up
production from our Polvo development, which we operate with a
60% working interest. Polvo is located offshore in the Campos
Basin in Block BM-C-8. We experienced mechanical issues during
2008 at Polvo that delayed bringing a portion of our expected
production online. As of December 31, 2008, the mechanical
issues appear to have been corrected, and we exited the year
with gross production at approximately 17,000 Bbls per day.
In addition to our development project at Polvo, we hold acreage
in eight exploratory blocks. In aggregate, we have
1.4 million net acres in Brazil. Our working interests
range from 18% to 100% in these blocks. We drilled 12 gross
wells in Brazil in 2008 and over the next two years we plan to
drill up to eight exploratory wells.
International
Azerbaijan — Outside North America,
Devon’s largest international property in terms of proved
reserves is the Azeri-Chirag-Gunashli (“ACG”) oil
field located offshore Azerbaijan in the Caspian Sea. ACG
produces crude oil from conventional reservoirs. We hold
approximately 6,000 net acres in the ACG field and have a
5.6% working interest. In 2008, we participated in drilling
15 gross wells.
China — Our production in China is from the
Panyu development in the Pearl River Mouth Basin in the South
China Sea. The Panyu fields produce oil from conventional
reservoirs. In addition to Panyu, which is located on
Block 15/34, we hold leases in four exploratory blocks
offshore China. In total, we have 7.9 million net acres
under lease in China. We have a 24.5% working interest at Panyu
and 100% working interests in the exploratory blocks. We drilled
seven gross wells in China in 2008.
Brazil — In 2008, we continued to ramp up
production from our Polvo development, which we operate with a
60% working interest. Polvo is located offshore in the Campos
Basin in Block BM-C-8. We experienced mechanical issues during
2008 at Polvo that delayed bringing a portion of our expected
production online. As of December 31, 2008, the mechanical
issues appear to have been corrected, and we exited the year
with gross production at approximately 17,000 Bbls per day.
In addition to our development project at Polvo, we hold acreage
in eight exploratory blocks. In aggregate, we have
1.4 million net acres in Brazil. Our working interests
range from 18% to 100% in these blocks. We drilled 12 gross
wells in Brazil in 2008 and over the next two years we plan to
drill up to eight exploratory wells.
International Azerbaijan — Outside North America, Devon’s largest international property in terms of proved reserves is the Azeri-Chirag-Gunashli (“ACG”) oil field located offshore Azerbaijan in the Caspian Sea. ACG produces crude oil from conventional reservoirs. We hold approximately 6,000 net acres in the ACG field and have a 5.6% working interest. In 2008, we participated in drilling 15 gross wells. China — Our production in China is from the Panyu development in the Pearl River Mouth Basin in the South China Sea. The Panyu fields produce oil from conventional reservoirs. In addition to Panyu, which is located on Block 15/34, we hold leases in four exploratory blocks offshore China. In total, we have 7.9 million net acres under lease in China. We have a 24.5% working interest at Panyu and 100% working interests in the exploratory blocks. We drilled seven gross wells in China in 2008. Brazil — In 2008, we continued to ramp up production from our Polvo development, which we operate with a 60% working interest. Polvo is located offshore in the Campos Basin in Block BM-C-8. We experienced mechanical issues during 2008 at Polvo that delayed bringing a portion of our expected production online. As of December 31, 2008, the mechanical issues appear to have been corrected, and we exited the year with gross production at approximately 17,000 Bbls per day. In addition to our development project at Polvo, we hold acreage in eight exploratory blocks. In aggregate, we have 1.4 million net acres in Brazil. Our working interests range from 18% to 100% in these blocks. We drilled 12 gross wells in Brazil in 2008 and over the next two years we plan to drill up to eight exploratory wells. International Azerbaijan — Outside North America, Devon’s largest international property in terms of proved reserves is the Azeri-Chirag-Gunashli (“ACG”) oil field located offshore Azerbaijan in the Caspian Sea. ACG produces crude oil from conventional reservoirs. We hold approximately 6,000 net acres in the ACG field and have a 5.6% working interest. In 2008, we participated in drilling 15 gross wells. China — Our production in China is from the Panyu development in the Pearl River Mouth Basin in the South China Sea. The Panyu fields produce oil from conventional reservoirs. In addition to Panyu, which is located on Block 15/34, we hold leases in four exploratory blocks offshore China. In total, we have 7.9 million net acres under lease in China. We have a 24.5% working interest at Panyu and 100% working interests in the exploratory blocks. We drilled seven gross wells in China in 2008. Brazil — In 2008, we continued to ramp up production from our Polvo development, which we operate with a 60% working interest. Polvo is located offshore in the Campos Basin in Block BM-C-8. We experienced mechanical issues during 2008 at Polvo that delayed bringing a portion of our expected production online. As of December 31, 2008, the mechanical issues appear to have been corrected, and we exited the year with gross production at approximately 17,000 Bbls per day. In addition to our development project at Polvo, we hold acreage in eight exploratory blocks. In aggregate, we have 1.4 million net acres in Brazil. Our working interests range from 18% to 100% in these blocks. We drilled 12 gross wells in Brazil in 2008 and over the next two years we plan to drill up to eight exploratory wells. These excerpts taken from the DVN 10-K filed Jun 9, 2008. International
Azerbaijan — Outside North America,
Devon’s largest international property in terms of proved
reserves is the Azeri-Chirag-Gunashli (“ACG”) oil
field located offshore Azerbaijan in the Caspian Sea. ACG
produces crude oil from conventional reservoirs. We hold
approximately 6,000 net acres in the ACG field and have a
5.6% working interest. In 2007, we participated in drilling
11 gross wells, and we expect to drill approximately
16 gross wells in 2008.
Table of Contents
China — Our production in China is from the
Panyu development in the Pearl River Mouth Basin in the South
China Sea. Panyu fields produce oil from conventional
reservoirs. In addition to Panyu, which is located on
Block 15/34, we hold leases in four exploratory blocks
offshore China. In total, we have 7.9 million net acres
under lease in China. We have a 24.5% working interest at Panyu
and 100% working interests in the exploratory blocks. We drilled
three gross wells in China in 2007, all in the Panyu field. In
2008, we expect to drill approximately six gross wells in the
Panyu field, one exploratory well on Block 42/05 and one
exploratory well on Block 11/34.
Brazil — We commenced oil production in Brazil
from our Polvo development area in 2007. Polvo, which we operate
with a 60% interest, is located offshore in the Campos Basin in
Block BM-C-8. In addition to our development project at Polvo,
we hold acreage in eight exploratory blocks. In aggregate, we
have 793,000 net acres in Brazil. Our working interests
range from 18% to 100% in these blocks. We drilled three gross
wells in Brazil in 2007 and plan to drill approximately eight
gross wells in 2008.
International Azerbaijan — Outside North America, Devon’s largest international property in terms of proved reserves is the Azeri-Chirag-Gunashli (“ACG”) oil field located offshore Azerbaijan in the Caspian Sea. ACG produces crude oil from conventional reservoirs. We hold approximately 6,000 net acres in the ACG field and have a 5.6% working interest. In 2007, we participated in drilling 11 gross wells, and we expect to drill approximately 16 gross wells in 2008.
Table of ContentsChina — Our production in China is from the Panyu development in the Pearl River Mouth Basin in the South China Sea. Panyu fields produce oil from conventional reservoirs. In addition to Panyu, which is located on Block 15/34, we hold leases in four exploratory blocks offshore China. In total, we have 7.9 million net acres under lease in China. We have a 24.5% working interest at Panyu and 100% working interests in the exploratory blocks. We drilled three gross wells in China in 2007, all in the Panyu field. In 2008, we expect to drill approximately six gross wells in the Panyu field, one exploratory well on Block 42/05 and one exploratory well on Block 11/34. Brazil — We commenced oil production in Brazil from our Polvo development area in 2007. Polvo, which we operate with a 60% interest, is located offshore in the Campos Basin in Block BM-C-8. In addition to our development project at Polvo, we hold acreage in eight exploratory blocks. In aggregate, we have 793,000 net acres in Brazil. Our working interests range from 18% to 100% in these blocks. We drilled three gross wells in Brazil in 2007 and plan to drill approximately eight gross wells in 2008. These excerpts taken from the DVN 10-K filed Feb 28, 2008. International
Azerbaijan — Outside North America,
Devon’s largest international property in terms of proved
reserves is the Azeri-Chirag-Gunashli (“ACG”) oil
field located offshore Azerbaijan in the Caspian Sea. ACG
produces crude oil from conventional reservoirs. We hold
approximately 6,000 net acres in the ACG field and have a
5.6% working interest. In 2007, we participated in drilling
11 gross wells, and we expect to drill approximately
16 gross wells in 2008.
Table of Contents
China — Our production in China is from the
Panyu development in the Pearl River Mouth Basin in the South
China Sea. Panyu fields produce oil from conventional
reservoirs. In addition to Panyu, which is located on
Block 15/34, we hold leases in four exploratory blocks
offshore China. In total, we have 7.9 million net acres
under lease in China. We have a 24.5% working interest at Panyu
and 100% working interests in the exploratory blocks. We drilled
three gross wells in China in 2007, all in the Panyu field. In
2008, we expect to drill approximately six gross wells in the
Panyu field, one exploratory well on Block 42/05 and one
exploratory well on Block 11/34.
Brazil — We commenced oil production in Brazil
from our Polvo development area in 2007. Polvo, which we operate
with a 60% interest, is located offshore in the Campos Basin in
Block BM-C-8. In addition to our development project at Polvo,
we hold acreage in eight exploratory blocks. In aggregate, we
have 793,000 net acres in Brazil. Our working interests
range from 18% to 100% in these blocks. We drilled three gross
wells in Brazil in 2007 and plan to drill approximately eight
gross wells in 2008.
International Azerbaijan — Outside North America, Devon’s largest international property in terms of proved reserves is the Azeri-Chirag-Gunashli (“ACG”) oil field located offshore Azerbaijan in the Caspian Sea. ACG produces crude oil from conventional reservoirs. We hold approximately 6,000 net acres in the ACG field and have a 5.6% working interest. In 2007, we participated in drilling 11 gross wells, and we expect to drill approximately 16 gross wells in 2008.
Table of ContentsChina — Our production in China is from the Panyu development in the Pearl River Mouth Basin in the South China Sea. Panyu fields produce oil from conventional reservoirs. In addition to Panyu, which is located on Block 15/34, we hold leases in four exploratory blocks offshore China. In total, we have 7.9 million net acres under lease in China. We have a 24.5% working interest at Panyu and 100% working interests in the exploratory blocks. We drilled three gross wells in China in 2007, all in the Panyu field. In 2008, we expect to drill approximately six gross wells in the Panyu field, one exploratory well on Block 42/05 and one exploratory well on Block 11/34. Brazil — We commenced oil production in Brazil from our Polvo development area in 2007. Polvo, which we operate with a 60% interest, is located offshore in the Campos Basin in Block BM-C-8. In addition to our development project at Polvo, we hold acreage in eight exploratory blocks. In aggregate, we have 793,000 net acres in Brazil. Our working interests range from 18% to 100% in these blocks. We drilled three gross wells in Brazil in 2007 and plan to drill approximately eight gross wells in 2008. This excerpt taken from the DVN 10-K filed Feb 28, 2007. International
Azerbaijan — Outside North America,
Devon’s largest international property in terms of proved
reserves is the Azeri-Chirag-Gunashli (“ACG”) oil
field located offshore Azerbaijan in the Caspian Sea. Our
production from ACG increased significantly in late 2006
following the payout of carried interest agreements with various
partners in the field. Our production will increase again in
2007 as we benefit from a full year of the higher ownership
interest after these payouts. We expect our share of ACG
production in 2007 to total approximately 12 MMBoe. ACG
produces crude oil from conventional reservoirs. We hold
approximately 6,000 net acres in the ACG field and have a
5.6% working interest. In 2006, we participated in drilling
15 gross wells at ACG and expect to drill 13 gross
wells in 2007.
China — Our production in China is from the
Panyu field in the Pearl River Mouth Basin in the South China
Sea. Panyu produces oil from conventional reservoirs. In
addition to Panyu, which is located on block 15/34, we also
hold leases in two exploratory blocks offshore China. In total,
we have 4.4 million net acres under lease in China. We have
a 24.5% working interest at Panyu and 100% working interests in
the exploratory blocks. We drilled six gross wells in China in
2006, all in the Panyu field. In 2007, we expect to drill seven
gross wells in the Panyu field.
Brazil — We expect to commence oil production
in Brazil in 2007 from our Polvo field. Polvo, which we operate
with a 60% interest, is located offshore in block BM-C-8. In
addition to our development project at Polvo, we also hold
acreage in nine exploratory blocks. In aggregate, we have
835,000 net acres in Brazil. Our working interests range
from 18% to 100% in these blocks. We drilled three gross wells
in Brazil in 2006 and plan to drill 11 gross wells in
Brazil in 2007.
Equatorial Guinea — All of our oil production
from the West African country of Equatorial Guinea is from the
offshore Zafiro field in the Gulf of Guinea. Zafiro is located
on block B, and we also have interests in three additional
exploratory blocks. We hold 518,000 net acres in the four
blocks combined. Zafiro produces crude oil from conventional
reservoirs. Our working interests (participating interests under
the terms of the production sharing contracts) range from 24% to
38% in the four blocks. In 2006, we drilled 10 gross wells
in Equatorial Guinea, all in the Zafiro field. In 2007, we plan
to drill 10 gross wells in Equatorial Guinea. Equatorial
Guinea is included in the West African assets we intend to sell
during 2007.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for DVN: |
| |||||||
