About This Item

Share This Item

The AAPG/Datapages Combined Publications Database

AAPG Bulletin

Abstract


Volume: 71 (1987)

Issue: 10B. (October Part B)

First Page: 226

Last Page: 237

Title: Oil and Gas Developments in Europe in 1986

Author(s): S. Camille Yarbrough (2)

Abstract:

European drilling and exploration levels fell from 1985 highs, most noticeably in the second half of 1986, as oil prices plummeted nearly 50% for the year. Licensed acreage was down 38%, seismic exploration declined by more than 15%, and development drilling was off 17% from 1985 levels. Exploratory drilling, up more than 2%, mainly reflected first-quarter activity. Drilling objectives were largely conservative and in regionally productive areas. The North Sea led in new-field wildcat discoveries with 28, followed by Italy with 22. Italy set a new drilling record in 1986, with 106 exploratory wells and 99 development wells. Spain's Gaviota field began simultaneous development and production, boosting the country's gas output 39%. Overall, European 1986 oil production rose about 2% and natural gas output fell by nearly 2% from 1985.

Pay-Per-View Purchase Options

The article is available through a document delivery service. Explain these Purchase Options.

Watermarked PDF Document: $14
Open PDF Document: $24

AAPG Member?

Please login with your Member username and password.

Members of AAPG receive access to the full AAPG Bulletin Archives as part of their membership. For more information, contact the AAPG Membership Department at [email protected].