Canada-Newfoundland Offshore Petroleum Board - 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 as of: July 22, 2002
(Also available at: //www.cnopb.nfnet.com)

GeoScientific Programs
Program Number Operator/Survey (Location)	Vessel/ Contractor	Start Date	Km's Completed (Total Planned)	Comments
8924-T063-002P TGS-NOPEC/2-D Seismic(N.E Newfoundland Shelf Labrador Slope)	S.V Zephyr/TGS - NOPEC	May 31, 2002	4,847 (14,800)	753 km recorded during the week.
8924-T063-003P TGS-NOPEC/2-D Seismic(Laurentian South Whale Sub-basins)	GSI Admiral/GSI	June 8, 2002	2,454 (11,000)	404 km recorded during the week.
Hibernia Drilling Program
Well / Location (Unique well identifier)	Installation	Spud Date	Current Depth (Projected Total Depth)	Current Status
HMDC Hibernia B-16 30Z 46 45' 02.254" N; Lat. 48 46' 54.696" W; Long. Licence: PL 1001 (328B164650048451)	Hibernia Platform M72 (West Rig)	July 9, 2002 (Sidetrack Date)	5,787 M (6,868 M)	Drilling 216mm sidetrack hole section. *
HMDC Hibernia B-16 30Z 46 45' 01.198" N; Lat. 48 46' 53.487" W; Long. Licence: PL 1001 (330B164650048451)	Hibernia Platform M71 (East Rig)	April 26, 2002 (Sidetrack Date)	4,440 M (4,440 M)	Suspended pending final completion activities.
HMDC Hibernia B-16 34Z 46 45' 01.141 N; Lat. 48 46' 53.403" W; Long. Licence: PL 1001 (334B164650048451)	Hibernia Platform M71 (East Rig)	July 20, 2002 (Sidetrack Date)	3,908 M (7,946 M)	Drilling 311mm sidetrack hole section. ***

Terra Nova Drilling Program
Well / Location (Unique well identifier)	Installation	Spud Date	Current Depth (Projected, Total Depth)	Current Status
Petro Canada et al Terra Nova G-90 4 46 29' 21.60" N; Lat. 48 27' 37.00" W; Long. Licence: PL 1002 (304G904630048150)	Henry Goodrich	January 20, 2002	3,890 M (3,890 M)	Suspended.
Petro Canada et al Terra Nova G-90 5 46 29' 21.598" N; Lat. 48 27' 37.792" W; Long. Licence: PL 1002 (305G904630048150)	Henry Goodrich	March 6, 2002	3,909 M (3,909 M)	Suspended.
Petro Canada et al Terra Nova L-98 6 46 27' 41.924" N Lat. 48 29' 50.364" W Long. License: PL 1002 (306L984630048150)	Henry Goodrich	April 23, 2002	1,571 M (3,560 M)	Suspended.
Petro Canada et al Terra Nova L-98 7Z 46 27' 42.382" N Lat. 48 29' 52.087" W Long. License: PL 1002 (307L984630048151)	Henry Goodrich	July 1, 2002 2002 (Sidetrack Date)	4,310 M (4,310 M)	Pulling out of hole with production casing due to unstable hole conditions. **

* Hibernia B-16 was re-entered on June 26, 2002 with the M-72 West Rig. The lower portion of this well will be abandoned and a sidetrack (B-16 28Z) will be drilled to a new geological target.

** The lower portion of Terra Nova L-98 7 was plugged back on June 30, 2002 to sidetrack the well due to unstable hole conditions. The sidetrack will be known as Terre Nova L-98 7Z.

*** The lower portion of Hibernia B-16 34 was plugged back on July 16, 2002 to sidetrack the well due to unstable hole conditions. The sidetrack will be known as Hibernia B-16 34Z.

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 oil 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).

Seismic kilometers completed: The total number of kilometers of data recorded in a geophysical program.

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).