Unocal continues with major production projects
  by: OilOnline
  Tuesday, October 29, 2002

Unocal officials said the company has a "string" of major production projects that are slated to come on line over the next five years. Additionally, the company has other projects throughout its global operations arena that likely will be sanctioned in 2003 and beyond. Currently sanctioned projects include West Seno Phases One and Two, AIOC Phases One and Two, Mad Dog in the Gulf of Mexico and South Kenai offshore Alaska. The company expects to make sanction decisions on AIOC Phase Three, Ranggas and Merah Besar in Indonesia, K2 and Trident in the deepwater Gulf of Mexico, and Arthit in Thailand, each of which could have a production impact in the five-year timeframe.

The backlog of major projects extending beyond the five-year horizon includes monetization of giant gas fields in deepwater areas off Indonesia, Bangladesh and Vietnam. These fields combined represent 10 to 20 trillion cubic feet in discovery volumes.