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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.
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. The strategy supports the Maximise Economic Recovery from UK Oil & Gas Strategy and Vision 2035, whose goal is to achieve £140 billion additional gross revenue from UKCS production by that time. The round marked a continuation of a recent trend on the UKCS in which lesser-known firms and newcomers have gained stature, replacing more-familiar, bigger operators that have pared down their North Sea positions. Some 3,000 people and counting intrigued by UK oil and gas data have signed up for access to the country’s new National Data Repository.
The contract continues the two companies’ 8-year working relationship; in 2012, they performed the world’s-first underdeck inspection. The sale of the Appalachia position is in line with Shell’s strategy to focus on its shales strategy. The deferments are the latest actions Shell has taken in response to record low crude prices. The planned JV is for one of three LNG terminals GCL is planning to build in China. Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system.
This paper presents an overview of the SACROC Unit’s activity focusing on different carbon dioxide (CO2) injection and water-alternating-gas (WAG) projects that have made the SACROC unit one of the most successful CO2 injection projects in the world. Several studies explored the possibility of improving both areal and vertical sweep efficiency in mature water-alternating-gas (WAG) patterns in the Magnus oil field.
Machine learning enables fast, cost-effective, and accurate methane emissions detection in remote areas. The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases. Whether for a fleet or single platform, AI can transform an offshore enterprise. An AI-based application enabled operators to preempt ESP failures while optimizing production. Artificial intelligence systems can be trained to recognize visual content in drawings and provide a simplified context.
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 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. 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. After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded.
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. Whether for a fleet or single platform, AI can transform an offshore enterprise.
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.
Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year. Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors. The Norwegian wind farm is expected to start up in 2022. The wind farm is also expected to create spinoff effects during the project’s life.