Halliburton Wins $400 Mln Contracts in Oman to Boost Oil Output

[seemslikeadream]

Oct. 31 (Bloomberg) -- Halliburton Co., the world's largest oilfield-services company, won contracts worth at least $400 million over five years to help Oman, the Middle East's largest non-OPEC crude exporter, to produce more oil, the company said.

Houston, Texas-based Halliburton will assist state- controlled Petroleum Development Oman with oil well drilling, monitoring and production to help it increase output by almost a quarter to 800,000 barrels a day of crude by 2007, the company said in a press release.

Muscat-based Petroleum Development Oman, which is 34 percent owned by Royal Dutch/Shell Group, produces 95 percent of the Persian Gulf state's total oil output of about 700,000 barrels a day, according to government figures. The company plans to reduce operating costs by $2 billion over the next five years, partly by outsourcing work to oilfield-service companies.

more
http://quote.bloomberg.com/apps/news?pid=10000087&sid=ahiokg2uW930&refer=top_world_news

[Catch22Dem]

1. Why am I not even a LITTLE bit surprised?

Status quo

[sattahipdeep]

2. Greenhouse's lawyers said

Thursday their client will cooperate but that she wants
whistle-blower protection from Pentagon retaliation.

The FBI declined to comment Thursday, but a law enforcement official,
speaking on condition of anonymity, said the investigation does not involve
anyone in the White House — including Cheney's office. :eyes:

Halliburton Contract Probe Opened
http://www.cbsnews.com/stories/2004/10/28/politics/main652183.shtml

:hi:

[seemslikeadream]

3. Halliburton - mercenaries - largest "coalition" on the ground

The mercenaries in Iraq - the guys who work for e.g. Halliburton - are getting paid circles around the soldiers who are trying to keep them from getting killed, while the soldiers' families are having to send them, at their own expense, items like body armor. Why can't we cut the pay of the workers to give more to the soldiers? Or better yet, give most of the service and reconstruction jobs to Iraqis, with just skeleton crews of experts to teach them the skills they need and to oversee their work? For that matter, why aren't we using some of the millions of dollars paid to Halliburton that have "gone missing" - unaccounted for - to support our troops?

http://www2.townonline.com/lincoln/opinion/view.bg?articleid=93455

[HR_Pufnstuf]

4. wanna know a little secret?

wanna protest these war-profiteering KBR punks?

If you live in Houston, take I-45N to The Greenspoint Mall, where in the old JC Penney's, you will find a KBR Recruiting Office. It requires a Badge to get in, but you probably could protest outside without incident.

And wouldn't you know it, The Greenspoint Mall, is RIGHT in middle of a predominantly Black and Hispanic population.

Don't believe me? GO!!

Let's move.

Let's plaster the outside with BUCK FUSH stickers aye?

Move out.

[HR_Pufnstuf]

5. Last time I stopped by to listen to the SMOKERS outside,

of which there are many, I overheard one graybeard with his lil pony tail and his combat gi joe garb, say

"Man, if you go to Uzbekistan, you AND your kid will be able to retire"

GW looking out for his homeys aye?

[HR_Pufnstuf]

6. Old Article about this place...

Halliburton in for the long haul in Iraq

With 33 staff dead and razor-thin profit margins to be had, the company seems less concerned than many might expect

By Simon Romero
NY TIMES NEWS SERVICE , HOUSTON
Sunday, Apr 25, 2004,Page 12


Is Iraq the right destination for a 48-year-old with eight grandchildren?

Cynthia Johnson, the grandmother in question, laughed at the query as she tried on a yellow jumpsuit that might protect her from a chemical-weapons attack.

Johnson and hundreds of others hired by Halliburton Co packed into what used to be a J.C. Penney store at the Greenspoint Mall here this week to prepare to go to Iraq. She said her job there, serving food to US troops, was more promising than her previous occupation, cooking on an offshore oil platform in the Gulf of Mexico.

"The money's better and there's the feeling I'm doing something useful," said Johnson, a native of Deridder, Louisiana. "My daughters and grandchildren worry for me, but a job like this doesn't come up every day."

(cut)

FULL - http://www.taipeitimes.com/News/bizfocus/archives/2004/04/25/2003138055

MAP of Greenspoint Mall
http://image.maps.yahoo.com/mapimage?MAPData=fqqQUPhyzy2VEcyECOYKKxUcz4kEcjR_66Vw7iTyjOm1pUSskSK99il_KJ0WR8TrhBwhnLixwECkRXCR.tQOf6.T1hCWc72npJnZ21qPbqezkAK9VEWIGr6BiL0J7BNn

[Sinnerman]

7. Cheney has Got 30 Million Comming in deferred payments

[Yo_Mama_Been_Loggin]

8. The graft and coruption never ends

It must be hard for Repugs to walk having such big balls.

[hatrack]

9. Lots of luck with this one, Dick

Omani oil production rolled over in 2001, and with the best research, exploration and EOR teams in the world (namely, Shell's), oil output has continued to fall.

EDIT

In geological terms, the Oman lies at the southern end of the Persian Gulf Province, but in addition to the same prolific Jurassic reservoirs as found in the Emirates, it also has Palaeozoic reservoirs, charged by Precambrian source-rocks. Cambrian salt also plays an important part in the structural development. Shell was one of the pioneers in the country, where drilling commenced in 1955. As many as 600 wildcats have now been drilled, finding three giant fields (Yibal, 1962, with 2 Gb; Fahud, 1964, with 1 Gb, and Marmul, 1957, with about 600 Mb), as well as a large number of generally small to moderately sized fields. They follow a northerly trend through the central parts of the country extending into the Emirates.
In total, about 14 Gb have been discovered, of which half has been produced. Future discovery is here estimated at about 250 Mb, although there are some hopes of that a new deepwater play may be identified. Discovery peaked in 1962 delivering a corresponding peak of production in 2001. Production is now set to decline at a depletion rate of about 4% a year from its present level of 822 kb/d to about 600 kb/d by 2010 and 400 kb/d by 2020. Information on local consumption is not available, but if it is about 50 kb/d, the Oman may remain a net exporter for many years to come. Gas reserves stand at about 42 Tcf , being consumed locally at about 320 Gcf a year, leaving ample supplies for the future. In short, the Omani are well provided for, and since their oil resources are both modest and in decline they do not form an obvious military target, unless control of the Gulf of Hormuz becomes a critical issue.

EDIT

http://www.peakoil.net/Newsletter/NL39/Newsletter39.html

Doesn't matter who's running the company (or the country) when the reservoirs reach and pass peak production.