News // Companies
Energy Partners Works With High Energy
20 May 2004 , 09:55336
Oil and gas company Energy Partners, Ltd. informed about its 16% increase in its exploration and development budget for this year, from $125 million to $145 million.
The increase in the budget will primarily fund increased exploratory activities as well as development of recent exploratory successes. EPL said it expects to fully fund its capital budget from internally generated cash flow.
The company plans to add at least four more exploratory wells this year and now expect to drill at least 30 exploratory wells in 2004.
The EPL CEO: ? We have a wealth of opportunities to deploy the additional $20 million in our capital budget, and with continued high commodity prices and cash flow we look forward to adding even more projects to our 2004 program."
18:12 05.03.2018West Phoenix to drill in UK and Norway
17:01 28.02.2018ExxonMobil makes 7th oil discovery offshore Guyana
15:22 27.02.2018First well spud at Oseberg Vestflanken 2
12:09 02.02.2018Chinese CNOOC to spend up to $12.7 billion in 2018
10:10 25.01.2018Italian Eni and Russian Rosneft «still drilling Black Sea well»
10:10 29.12.2017Italy's Eni begins oil exploration in Alaska's Beaufort Sea