Weekly Public Status Report

The following is being distributed at the request of the Canada-Newfoundland Offshore Petroleum Board:

Weekly Public Status Report
Oil and Gas Activities Offshore Newfoundland and Labrador
Issued: June 21, 1999
(Also available at: //www.cnopb.nfnet.com)

Terra Nova Site Preparation
Vessel / Location	Start Date	Current Status
Queen of the Netherlands 46 29.3' N; Lat. 48 27.7' W; Long.	May 11, 1999	Dredging glory holes.
Maxita St. John's	May 9, 1999	Project complete - released from site on June 19, 1999

Drilling
Well / Location	Installation	Spud Date	Current Depth (Projected Total Depth)	Current Operation
HMDC Hibernia B-16 14 46 45'01.3N; Lat. 48 46'53.4W: Long. Licence: PL 1001	Hibernia Platform M71 (East Rig)	February 15, 1999	7,890 M (8,025 M)	Logging 216 mm hole
HMDC Hibernia B-16 15 46 45'02.0N; Lat. 48 46'54.4W: Long. Licence: PL 1001	Hibernia Platform M72 (West Rig)	March 5, 1999	5,938 M (6,687 M)	Sidetracking
Husky et al White Rose A-17 46 46'07.46N;Lat. 48 01'40.92W;Long. Licence: SDL 1028	Bill Shoemaker	June 15, 1999	916 M (3,150 M)	Cementing 340 mm casing
Petro Canada et al Brent's Cove I-30 46 29'30.6N; Lat. 48 33'02.0W; Long. Licence: EL 1034	Glomar Grand Banks	May 12, 1999	3,850 M (4,123 M)	Drilling 216 mm hole

Geophysical
Program No. Operator/Survey (Location)	Vessel	Start Date	Km's completed (Total km's planned)	Comments
8924-G005-003P GSI (Northern Grand Banks)	M.V. Polar Duke	June 10, 1999	1,818 (7,000)	1,429 Km acquired this week
8924-G026-003P Geco-Prakla (Northern Grand Banks)	M.V. Geco Searcher	June 15, 1999	522 sq. km. (2,950 sq. km.)	Survey commenced June 15. Reporting in square kms.

BOP/BOP Stack: Blowout preventers/blowout preventer stack - an assembly of heavy-duty valves
attached to the wellhead to control well pressure and prevent a blowout.

Casing: Steel pipe set in a well to prevent the hole from sloughing or caving and to enable formations to
be isolated (there may be several strings of casing in a well, one inside the other).

Cementing: Pumping a liquid slurry of cement, water and other additives behind a string of casing to isolate
formations.

Completion/Completed: The activity necessary to prepare a well for the production of oil or gas or the
injection of water or gas into the reservoir.

Injecting: Injecting water or gas into the resevoir for the purpose of maintaining resevoir pressure, maximizing recovery and conserving resources.

Liner: A length of casing suspended from the base of a previously installed casing string a liner does not extend back to the surface of the well).

Logging: Acquisition of downhole data using tools run in the well, usually on wireline.

Perforate/Perforating: Piercing the casing and cement using shaped explosive charges to provide a flow path for formation fluids

Producing/Production: Flowing oil and/or gas from a well to the production systems.

Production tree: An arrangement of heavy duty valves and fittings installed on the wellhead to control flow from the well and/or to facilitate injection operations.

Reaming: An operation to restore a wellbore to its original diameter (occasionally, a wellbore will cave in).

Shut-in: A well in which the valves in the production tree have been closed to cease production or injection operation on a well.

Spud: The initial penetration of the ground or seafloor - the start of the drilling operation.

Suspension/Suspend: The temporary cessation of drilling or production operations in a well.

Wellhead: Steel equipment installed at the surface of the well containing an assembly of heavy duty hangars and seals (the wellhead is used to support the weight of casing strings hung from it and to contain well pressure).