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Armada to install ROV launch and recovery system on its fleet of robotic ships. Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors. A new video by IOGP mixes animations with personal stories to illustrate the benefits of using standardized specifications in the oil and gas industry. InterMoor’s Marine Project team in Aberdeen successfully recovered the Ocean Power Technologies PowerBuoy after a 7-month trial in harsh North Sea winter conditions. A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
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.
We encourage you to take advantage of the technical programming and networking opportunities that these co-located events offer. Fawaz Bitar, IOGP Chairman, will present the IOGP Young Professionals Award. The Executive Plenary session will bring together industry executives and leaders to discuss their perspectives on the region’s foremost challenges and opportunities. A special emphasis on the interdependency between sustainable development and technology advancement will provide the audience with actionable insights to support regional and global growth efforts.A special emphasis on the interdependency between sustainable development and technology advancement will provide the audience with actionable insights to support regional and global growth efforts, intersecting touch points on how organizations are adapting and aiming to thrive with the wake of COVID-19. The opening panel session at LACPEC will focus on technologies and field operations that improve asset development in unconventional plays.
Applying an economic analysis for Trinidad and Tobago's deepwater gas fiscal regime, results were calculated for various price scenarios to identify a workable strategy for development of offshore resources. Iran has surprised many global market experts with how rapidly it has increased crude oil production, following the January international agreement that lifted nuclear-related sanctions against the country. External companies get a look at new terms for production in Iran.
Africa (Sub-Sahara) Shell has initiated a two-well drilling program in blocks 1 and 4 of the Mafia Deep basin offshore Tanzania. Drilling is taking place in water depths of up to 7,545 ft, with the company and its joint-venture partners Pavilion Energy and Ophir Energy investing almost USD 80 million in the program. The two wells will meet the remaining requirements in the exploration licenses issued by the Tanzanian Ministry of Energy and Minerals. Asia Pacific Petronas has begun gas production from the world's first floating liquefied natural gas (FLNG) facility, the PFLNG SATU, at the Kanowit field offshore Malaysia's Sarawak state. The first-gas milestone marked the onset of commissioning and startup for the FLNG facility, preceding commercial production and initial cargo shipment. The facility is fitted with an external turret for operating in water depths of 229 ft to 656 ft. It will extract gas through a flexible subsea pipeline for the liquefaction, production, storage, and offloading of LNG at the field.
Africa (Sub-Sahara) Sonangol's deepwater Orca-1 well encountered oil in the presalt layer of Block 20/11 in the Cuanza basin offshore Angola. The well reached a measured depth of 12,703 ft. Initial well tests saw flow rates of 16.3 MMcm/D of gas and 3,700 BOPD. Cobalt International Energy (40%) is the operator, with partners Sonangol Research and Production (30%) and BP Exploration Angola (30%). Asia Pacific Premier Oil's Kuda Laut-1 well in Indonesia's Tuna production sharing contract has encountered 183 net ft of oil-bearing reservoir and 327 net ft of gas-bearing reservoir. Following evaluation operations, the well will be sidetracked to drill the Singa Laut prospect in an adjacent fault block. Premier is the operator (65%), with partner Mitsui Oil Exploration Company (35%).
Africa (Sub-Sahara) Vaalco Energy started oil production from the Etame 12-H development well offshore Gabon. The well was drilled to a measured depth of approximately 3450 m and was targeting the recently discovered lower lobe of the Gamba reservoir. It was brought on line at a rate of 2,000 BOPD with no indication of hydrogen sulfide. Vaalco (28.07%) is the operator with partners Addax Petroleum (31.63%), Sasol (27.75%), Asia Pacific KrisEnergy started drilling the Rossukon-2 exploration well on Block G6/48 in the Gulf of Thailand, using the Key Gibraltar jackup rig. The well will reach a total depth at 5,462 ft and will test Early Miocene stacked fluvial sandstones on a broad structural high. The well will also appraise the Rossukon-1 reservoir, which produced 850 BOPD during tests.
Africa (Sub-Sahara) Bowleven began drilling operations at its Zingana exploration well on the Bomono permit in Cameroon. Located 20 km northwest of Douala, Cameroon's largest city, the well will target a Paleocene (Tertiary) aged, three-way dip closed fault block. The company plans to drill the well to a depth of 2000 m and will then spud a second well in Moambe, 2 km east of Zingana. Bowleven is the operator and holds 100% interest in the license. Asia Pacific China National Offshore Oil Company (CNOOC) has brought its Dongfang 1-1 gas field Phase I adjustment project on line ahead of schedule. The field is located in the Yinggehai basin of the Beibu Gulf in the South China Sea and has an average water depth of 70 m. The field is currently producing 53 MMcf/D of gas and is expected to reach its peak production of 54 MMcf/D before the end of the year.
Africa (Sub-Sahara) Bowleven has started drilling operations at the Moambe exploration well on the Bomono permit in Cameroon. Moambe is the second well in a two-well program, approximately 2 km east of the first well, Zingana. It targets a previously undrilled Paleocene Tertiary three-way dip fault block containing multiple sands and will be drilled to an estimated 1620 m in measured depth. Both wells will be logged. Bowleven is the operator and holds 100% interest. Asia Pacific Murphy Oil discovered gas at its Permai exploration well in deepwater Block H in the South China Sea offshore Malaysia. The find is Murphy's eighth consecutive success in the area around the Rotan floating liquefied natural gas project, which is planned to begin its first production in 2018.
Africa (Sub-Sahara) Sound Energy identified significant gas shows at the first Tendrara well onshore Morocco. Drilled to a 2665-m measured vertical depth, the well hit a total gross pay interval of 89 m of gas. The full set of well logs are being processed before the startup of rigless mechanical reservoir stimulation operations, which will be followed by a well test. The company is the operator of the well with a 55% working interest. Office National de HydroCarbures et des Mines (25%) and (20%) are the other participants. Petroceltic reported that the AT-13 well in Algeria has penetrated a 240-ft gas- and condensate-bearing formation. The well will help establish and maintain the approved annual average wet gas plateau rate of 355 MMcf/D from the Ain Tsila field.