Unocal cuts Gulf shelf explorationAlaska has lowest replacement cost, company replaces 149% of production Allen Baker Petroleum News Contributing Writer
Unocal Corp. has cut its exploration program for the Gulf of Mexico shelf by about 50 percent for the current year after disappointing results from that area in 2003. Overall, Unocal replaced 149 percent of its 2003 production with new reserves, though asset sales led to a decline in the overall res....
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International FD & A costs at less than $5 per barrel
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