Wintershall reported 2010 annual results; Natural Gas Production up 5% over 2009; Plan to further expand E&P activities in the Northern sector of North Sea and in Russia

Wintershall’s 2010 natural gas production was 14.3 bcm, 5% increase over 2009 production of 13.6 bcm. This is due to activities in Argentina and the first entire year of plateau production from the west Siberian field Yuzhno Russkoye. Crude oil and condensate production down 14% to 5.8 million tons compared to 2009 (2009: 6.8). The decrease in oil and condensate production was primarily caused by the OPEC restrictions in Libya.

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Expansion of successful activities in the North Sea
Overall 23 (2009: 29) exploration and appraisal wells were conducted in 2010 in the search for new crude oil and natural gas deposits. Wintershall discovered new resources with twelve of these wells (2009: 17); five in the Norwegian North Sea alone, and three in the British North Sea. The company is involved in six of the twelve biggest oil discoveries made in Norway in the past five years.



Wintershall is planning to continue the search for new reservoirs in its core regions in 2011 and to push ahead with the development of known deposits, especially in the North Sea in the coming years. The company has earmarked investments of more than 1,000 million Euros (US$1409.79 million) for this region by 2015 and is aiming for a production level of 50,000 boepd in the Norwegian and British sectors of the North Sea.

Source:Derrick Petroleum Planned Exploration Wells Database

Salamander Energy reports 2010 Annual Results; Average Daily Production up 49%; Plan to achieve Production growth of 22,000-23,000 boepd

Salamander Energy’s 2010 production was 20,300 boepd up 49% over 2009. This is due to first full year of production from the Kambuna field, an increased equity interest in the Bualuang field and higher than expected production from ONWJ, where a new operator invested to increase production. The company forecasted 2011 production is expected to be between 22,000 and 23,000 boepd. Salamander achieved  reserves replacement ratio of 121%

Source: http://docsearch.derrickpetroleum.com/pageNav/view1/docId/11391-0000/Salamander_2010_Annual_Results_PPT.html

Exploration program remains active with a further 13 exploration and appraisal wells planned in 2011. The company plans to invest US$ 195 million in 2011, of which US$ 95 million for production and development activities and US$ 100 million for exploration and appraisal activities.

Source: http://docsearch.derrickpetroleum.com/pageNav/view1/docId/11391-0000/Salamander_2010_Annual_Results_PPT.html

Salamander Energy's 2010 Annual Results Presentations

http://docsearch.derrickpetroleum.com/pageNav/view1/docId/11391-0000/Salamander_2010_Annual_Results_PPT.html

Premier Oil reports 2010 annual results; Reserve Replacement Ratio up 138% over 2009; Plan to achieve 2012 production of 75 kboepd through developments in Asia, North Sea and Middle East-Pakistan

Premier oil’s 2010 average working interest production was 42.8 kboepd, down 3% over 2009. This was due to unplanned maintenance requirements on UK North Sea fields in the Balmoral, Scott and Wytch Farm areas and due to some flooding-related downtime at the Zamzama field in Pakistan. In 2010, Premier achieved 57% success rate in exploration and appraisal well activities.

- Premier revealed 2011 capital program of approximately US$ 850 million to achieve production in the range of 45-50 kboepd. The company plan to achieve production rate of 75 kboepd in 2012 from existing 2P reserves of 261 mmboe and through exploration by focusing on core geologies.

- In Indonesia, Premier plan to develop the full potential of Natuna Sea and  Block A Aceh gas positions.
- In Vietnam, the company is working on Dua and Cá Rồng Đỏ (CRD) accumulations as well as by undertaking new exploration activities.

- In North Sea and West Africa, Premier is pursuing actively  new assets that are capable of delivering near-term production

- In Middle East-Pakistan business unit, Premier continues to focus on enhancing the value of our Pakistan producing assets by maximising production through exploration and development within the existing fields.

- Exploration drilling in 2011.

Bankers Petroleum reveals 2010 annual results; Production up 49% over 2009; Plan to achieve exit production target of 20,000 bopd for 2011

Bankers Petroleum’s 2010 average production increased 49% to 9,597 bopd from 6,438 bopd in 2009. The company increased production through annual capital investment in Albania, of US$122 million, which includes the effective implementation of the Patos-Marinza development plan as well as applying EOR and secondary extraction techniques to increase the field's recoverable reserves.

Bankers Petroleum 2011 capital program budgeted at US$ 215 million and projected 2012-2014 capital programs to average $200mm/year.

As part of 2011, the company plan to drill 66 horizontal and vertical wells and complete 120 well         reactivations and work-overs at the Patos-Marinza oilfield to increase production facilities to handle our target exit production rate of 20,000 bopd

Det norske oljeselskap ASA reported 2010 annual results; Production up 13.4% over 2009; Plan to produce ~2,000 boepd net in 2011

Det norske reported 2010 annual results. The company reported 2010 annual production of 2,092 boepd (WI), which is 13.4% higher than 2009 annual production of 1,845 boepd. Det norske is planning to invest NOK 300 million ($53.5 million) in 2011 including NOK 220 million ($39.3 million) for development assets.

Highlights:

-- Annual production of 2,092 boepd in 2010

-- Developments in the pipeline

-- Expected post-tax exploration spending in 2011 amounts to approximately NOK 400 million ($71.4 million)

Apache reported 2010 annual results; Production up 13% over 2009; Projected annual growth rate of 13%-15% in 2011

Apache reported annual average production of nearly 658,000 boepd, up 13% from the last year. Liquids production increased 18%, and this, combined with higher oil prices, drove Apache to record earnings of $3.0 billion for 2010. The company added 827 MMboe or 344% of production, through discoveries, extensions and acquisitions. Approximately 245 MMboe, or 102% of 2010 production, in reserve additions came through drilling.

2010 Highlights:

-- 125% reserve growth, replacing 344% of production; 102% through drilling; Record annual production for North America and international

-- Van Gogh and Pyrenees, two oil fields offshore Western Australia, commenced production in February 2010, reaching payout by October and December, respectively

-- Established new regions in the deepwater Gulf of Mexico, Gulf Onshore and Permian Basin, and expanded in Egypt, Canada, and the Gulf of Mexico Shelf.

-- Plan to invest $7.5 billion for 2011 annual year