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As a leader in the UK energy market, Centrica supplies gas and electricity to a vast range of residential and commercial customers under the British Gas brand. The company’s strategy is based around sourcing an increasing amount of its gas supplies from its own sources.
Centrica Energy (CE) is the division responsible for maximising these supplies. The Exploration & Development department of CE now requires a Manager of Reserves & Economics.
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CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.
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Devon sees output rising 13% per year
By Upstream staff
US independent Devon Energy said it has the potential to grow its production by an average 13% a year through 2011, based on commodity futures prices for oil and gas.
Speaking on a conference call with analysts last week, senior vice president Steve Hadden said the company has unrisked resources of 24.1 billion barrels of oil equivalent, including its proved reserves of 2.5 billion boe.
The company has additional risked resources of 10.77 billion boe.
Hadden also said that the company has the potential to as much as double its production in its key Barnett Shale region in North Texas as early as this decade, Reuters reported.
Devon expects to produce 1 billion cubic feet equivalent per day of gas in the region during the second quarter.
The company said it has the potential to boost its production to between 1.6 billion to 2 billion cubic feet equivalent per day.
Devon has 4.3 trillion cubic feet equivalent of proved reserves in the Barnett Shale. It said it has an additional 25 trillion cubic feet equivalent of probable and possible resources, as well as additional contingent resources in the region.
Monday, 31 March, 2008, 02:50 GMT | last updated: Monday, 31 March, 2008, 02:50 GMT
