Oil and gas developments in Europe in 1985
European oil- and gas-related activities in 1985 maintained the momentum of 1984 in most areas. Drilling in the North Sea nearly matched the record high levels set in 1984. New-field wildcats, mostly small discoveries, number 38 in the North Sea, followed by 17 in Italy. The most significant find of the year was Conoco's Heidrun oil field, located above the 62nd parallel in the Haltenbanken, offshore Norway. Exploration and development activity boomed in France's Paris basin, with companies scrambling for the dwindling open acreage. Oil production increased 4.8% in 1985 despite sluggish consumer demand. The year ended with fluctuating oil prices in a downward spiral and fears of industry cutbacks. Despite these concerns, drilling projections for 1986 showed a slight increase. Licensing rounds are scheduled for most North Sea sectors in 1986. 19 figures, 6 tables.
- OSTI ID:
- 6884626
- Journal Information:
- Am. Assoc. Pet. Geol., Bull.; (United States), Vol. 70:10
- Country of Publication:
- United States
- Language:
- English
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Oil and gas developments in Europe in 1984
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Related Subjects
03 NATURAL GAS
FRANCE
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
WELL DRILLING
ITALY
NORTH SEA
NORWAY
EXPLORATION
EXPLORATORY WELLS
NATURAL GAS
NATURAL GAS WELLS
OIL WELLS
PETROLEUM
PRODUCTION
ATLANTIC OCEAN
DRILLING
ENERGY SOURCES
EUROPE
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
SCANDINAVIA
SEAS
SURFACE WATERS
WELLS
WESTERN EUROPE
020300* - Petroleum- Drilling & Production
030300 - Natural Gas- Drilling
Production
& Processing
020200 - Petroleum- Reserves
Geology
& Exploration
030200 - Natural Gas- Reserves
Geology
& Exploration