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The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution solutions to provide a bulk hydrogen solution. Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.
The deal follows BP’s divestment of its global petrochemicals business in late June. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. The two companies worked together in 2019 to improve execution techniques where Petrofac digitalized maintenance and inspection activity. TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order. The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025. The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field.
The deal follows BP’s divestment of its global petrochemicals business in late June. McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I. Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities. Five key steps for shaping renewable energy projects are discussed.
Africa (Sub-Sahara) Cairn Energy has flowed oil from its SNE-2 well offshore Senegal. Drillstem testing of a 39-ft interval achieved a maximum stabilized but constrained flow rate of 8,000 B/D of high-quality pay. A flow rate of 1,000 B/D of relatively low-quality pay was achieved from another zone. Drilled to appraise a 2014 discovery, the well lies in the Sangomar Offshore block in 3,937 ft of water 62 miles from shore. Drilling reached the planned total depth of 9,186 ft below sea level. Cairn has a 40% interest in the block with the other interests held by ConocoPhillips (35%), FAR (15%), and Petrosen (10%).
Africa (Sub-Sahara) Eni, through its affiliate Nigerian Agip Oil Co. (NAOC), discovered natural gas and condensate in the Obiafu and Obrikom fields, in OML61, onshore Niger Delta. The Obiafu-41 Deep well reached 4374 m TD and encountered more than 130 m of high-quality, hydrocarbon-bearing sands. The find amounts to approximately 1 tcf of gas and 60 million bbl of associated condensate. The BP-operated Yakaar-2 appraisal well off Senegal encountered 30 m of net gas pay and proved the southern extension of the Yakkar field. BP has a 60% stake in the Cayar Offshore Profond block and the Yakaar-Teranga gas project. Asia Pacific Beijing Haohua Energy Resource discovered natural gas at the Ketan-1 well in Xinjiang's Aksu area, part of the oil-and-gas-rich Tarim basin. The well yielded daily natural gas output of 60,000 cu m in test production, according to China National Petroleum Corp. Cooper Energy discovered gas at the Annie prospect in the VIC/P44 permit in the Otway basin approximately 9 km offshore Victoria.
This paper presents a fatigue-prediction methodology designed to extend the life of unbonded flexible risers and improve the accuracy of floating production, storage, and offloading vessel response analysis. The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field. P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field. The Turritella FPSO (Figure 1 above) is the deepest floating production system in the world and presented many challenges to successful execution of the surface host facilities. The long-term decommissioning of the historic Brent field has necessitated redevelopment of the younger Penguins field in the North Sea, where the UK hopes to see more revival projects in the coming years.
The course provides an introduction to Coalbed Methane from a basic understanding through to exploration, appraisal and development of the resource. History: Where did CBM come from and where is it established. Exploration: where to start, what data is required and how to get it. Appraisal: What is involved in the appraisal process of a CBM resource. Well design: There are many different varieties of CBM well design, and they result in different physical and environmental "footprints".