1999 News Release Archive

News Releases: 1999199819971996
Oct 1999
10/1/99Unocal discovers oil, gas and condensate in Gulf of Thailand
Sept 1999
9/30/99Unocal declares regular quarterly dividend
9/29/99Unocal announces K2 deepwater oil discovery; suspends drilling on Sumatra prospect
9/28/99Unocal grant funds leading edge remediation technology research at University of Iowa
9/24/99Unocal-led consortium signs agreement for exploration block offshore Brazil
9/24/99Unocal's West Coast Agriproducts restructures under new Prodica name
9/3/99Unocal begins natural gas, condensate production from Trat field
August 1999
8/26/99Unocal's Spirit Energy 76 is high bidder on 15 offshore blocks in MMS western
Gulf of Mexico lease sale
8/24/99Unocal adds natgas production from Pailin field; Gulf of Thailand gross production
to average 1 BCFD for 4Q 1999
8/5/99Agreement between PTT and the partners of Yadana
July 1999
7/30/99Unocal-led consortium signs agreement with Petrobras for offshore block
7/27/99Unocal reports 2Q 1999 earnings
7/20/99Mobil-led consortium signs deepwater farm-in agreement with Petrobras
7/16/99Unocal Vice Chairman John Imle to leave company
7/6/99Unocal's Spirit Energy 76 drilling successes on GOM shelf offset production decline; deepwater drilling cost reductions lead industry
7/6/99Unocal's Spirit Energy 76 completes equity trade with Tom Brown, Inc., for Rocky Mountain oil and gas assets
June 1999
6/28/99Unocal Thailand completes appraisal drilling of Pakarang gas field
6/21/99Unocal signs agreement for Bidadi power project in India
6/16/99Unocal-led group wins promising oil and gas block offshore Brazil
6/1/99First Rapak discovery bolsters Unocal’s deepwater exploration in Indonesia
May 1999
5/28/99 Unocal's Spirit Energy 76 drills first deepwater well in record time
5/27/99 Unocal, Occidental agree to swap interests in Bangladesh and Yemen E&P assets
5/21/99Unocal declares regular quarterly dividend
5/17/99 Unocal's Spirit Energy 76 completes sale of Michigan oil and gas assets
5/14/99 Unocal completes investment in Northrock: expands North American natural gas holdings
Apr 1999
4/28/99 Unocal reports 1Q 1999 earnings
4/15/99Unocal unit signs agreement to invest in Canadian oil and gas company; expands North America natgas position
4/12/99Unocal announces second significant deepwater Gulf of Mexico discovery
4/8/99Unocal gives $500,000 to support ASEAN students in U.S.
4/7/99Loading of the first tanker at Supsa, Georgia - AIOC
Mar 1999
3/31/99Unocal's Spirit Energy 76 reaches definitive agreement on sale of Michigan
oil and gas assets
3/30/99Unocal declares regular quarterly dividend
3/25/99Unocal sets drilling records in developing Funan gas field offshore Thailand
3/23/99Unocal completes sale of Geysers geothermal interest to Calpine
3/22/99Occidental and Unocal announce startup of Bangladesh gas project
3/17/99Spirit Energy 76 lease sale results enhance existing Gulf of Mexico portfolio
3/17/99Spirit Energy 76 participates in significant deepwater discovery
3/10/99Unocal's Spirit Energy 76 negotiates equity trade with Tom Brown, Inc.,
for Rocky Mountain assets
3/3/99Unocal announces management reorganization and key executive appointments
Feb 1999
2/16/99Unocal reiterates position on withdrawal from trans-Afghanistan pipeline project
2/10/99Unocal-led venture tests deepwater Indonesia well at combined 19,344 b/d rate from three intervals
2/8/99Unocal replaces 101 percent of production through successful Indonesia,
Gulf of Mexico exploration program
2/1/99Unocal drills first horizontal well in Gulf of Thailand; enhances
cost-effective development of resources
Jan 1999
1/27/99Unocal reports 4Q 1998 results
1/26/99Unocal reaches agreement for sale of Geysers geothermal interest to Calpine
1/15/99Unocal says Thailand gas production remains at 1 BCF per day
1/13/99Unocal-led venture to move forward with West Seno oil and gas development
offshore Indonesia
1/12/99Unocal in negotiations to sell Geysers geothermal interest to Calpine
1/8/99Unocal's Spirit Energy 76 scores 64% exploration success rate on GOM shelf;
adds new gas discoveries
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