ChevronTexaco Reports-Net oil-equivalent production declined 3 percent

[jmcgowanjm]

or 29,000 barrels per day, from the 2002 quarter. This
resulted primarily from normal field declines, the
effects of which were only partially offset by first-time
production in certain fields and higher production in
areas of the Gulf of Mexico that were affected by storm
damage in late 2002. The net liquids component of
production was down 2 percent to 547,000 barrels
per day. Net natural gas production averaged 2.1 billion
cubic feet per day, down 4 percent.

http://ogj.pennnet.com/news/ogj_display_news_story.cfm?ARTICLE_CATEGORY=GenIn&NewsId=95419

I found this while looking at who was behind the Odessa-
Brody pipeline deal. Someone can correct me here, but it looks
like the Ukraine was bought off by giving them a steel
mill in Poland in order that they go w/ ChevronTexaco
instead of Russia, to transport Caspian oil to Europe
instead of transporting Russian oil to the Black Sea coast.

The Great Game indeed.

http://english.pravda.ru/main/18/89/355/11995_pipeline.html

http://usb.com.ua/en/investing/news/2003/11/4/

http://www.eia.doe.gov/emeu/cabs/ukraine.html

ChevronTexaco link
http://216.239.41.104/search?q=cache:RlTF6tVyMe0J:expat.nursat.kz/%3F1916+maps+odessa+brody+pipeline&hl=en&ie=UTF-8

[hatrack]

1. Production declines seem to be getting very, uh, trendy of late

Thanks for your posts on the topic - very interesting.

[jmcgowanjm]

2. my pleasure, hatrack, hey look at this

http://www.theartnewspaper.com/news/article.asp?idart=11575

http://www.ajc.com/business/content/business/ap/ap_story.html/Financial/AP.V0151.AP-Forbes-Faberge-.html

http://english.pravda.ru/comp/2002/07/04/31766.html

Velkselberg BP Tyumen Oil Company, Russia's third largest oil producer

Khodorkovsky Exxon Lukos, Russia's largest oil producer.

Who's up, who's down.