Are Deepwater Projects Due for a Revival? What does the landscape for deep water look like in the near term? Will operators get more involved? Subsea Production Systems—Will 2019 Be a Tipping Point? The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost.
Decommissioning and abandonment comes with its share of unexpected surprises, but many of those surprises could be avoided merely through better planning and care. These balls have the potential to alter how pipeline inspections are done, and a consortium of pipeline operators and industry experts in North Dakota is examining just how well this emerging technology can handle the small-diameter pipelines in the area. Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area. The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.
Approximately $200 billion in projects worldwide are racing to be approved over the next 2 years. The race is not just to make FIDs on projects, but also to enter FEED work to lock in contractors before others do. Driven by Mozambique’s Area 1 and Area 4 projects, Africa is poised to become the dominant LNG investment destination by the end of this year, with the continent seeing nearly one-third of total greenfield investment. A final investment decision is expected later this year on the project, which will involve the construction of two trains with a combined annual capacity of more than 15 mtpa of LNG. ExxonMobil signed a sales and purchase agreement with Zhejiang Provincial Energy Group for LNG supply.
Upon completion, the FPSO will be the first permanently fiber rope-moored offshore facility in the Mediterranean, processing the reservoir fluids and export sales gas from the Karish and Tanin gas fields offshore Israel. At nearly 3,000 tonnes, the company said its lift of an FPSO module was one of the heaviest land-based crane lifts ever performed. ALE was contracted to lift six modules for Total’s FPSO module integration project in Nigeria. The Neptune-operated project is on track to start drilling later this year, with first oil scheduled for the end of 2020. The Norwegian North Sea field is expected to produce 30,000 BOE/D at its peak.
Premium acreage costs in the Permian have increased industry interest in acreage swaps, divestment, and M&A activity. Several oil and gas CEOs are ranked highly in CEOWorld's 2019 list of Best CEOs. Digital oil and gas applications are expanding by leaps and bounds, providing insights and improving decision making and execution. Here are the top areas which could significantly improve business bottom line. Petrobras’s supercomputer Fênix is among the world’s 500 biggest computers and ranks first in Latin America.
Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November. Is Optical Gas Imaging the New Solution for Methane Detection? Thermal imaging helps operators maintain regulatory compliance on methane-emissions requirements. Optical gas imaging technology may be an answer in allowing for faster, more efficient inspections, but there are hurdles to its adoption.
The transaction is planned to be structured as a spin-off of TechnipFMC’s onshore/offshore segment to create SpinCo and RemainCo. The separation is expected to be completed in the first half of 2020. Calgary-based Pembina Pipeline Corp. has entered into agreements to acquire Kinder Morgan Canada Ltd. and the US portion of the Cochin Pipeline system from Kinder Morgan for a total purchase price of approximately $4.35 billion. One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
Halliburton’s broadened paid family leave program offers eight weeks of bonding leave, which can be taken within 12 months from the date of childbirth or finalized adoption. Several oil and gas CEOs are ranked highly in CEOWorld's 2019 list of Best CEOs. A step-by-step procedure to calculate frictional pressure losses in a pipeline for single-phase incompressible flow using a hand calculation, and coding it in Excel VBA. Cenovus Energy announced that it reached 1 billion bbl of cumulative production from its oil sands facilities in northern Alberta, becoming the first company to reach this milestone using SAGD technology. Digital oil and gas applications are expanding by leaps and bounds, providing insights and improving decision making and execution.
Africa (Sub-Sahara) Marathon Oil has produced first gas from its Alba B3 compression platform offshore Equatorial Guinea. The startup enables the company to convert approximately 130 million BOE of proved undeveloped reserves, which more than doubles its remaining proved developed reserve base in the country. Marathon holds an operating interest of about 65% in the field, with Noble Energy holding the remaining stake. Aminex said that gas production from the Kiliwani North-1 well in Tanzania has reached 30 MMcf/D (about 5,000 BOE/D). The project's commissioning process is expected to conclude with a well test to determine the optimal production rate, which previous test data suggest will be approximately 30 MMcf/D, the company said. The operator of the Kiliwani North Development License, Aminex holds a 54.575% interest in the well.
Africa (Sub-Sahara) San Leon Energy reported encouraging performance from its OML 18 field in Nigeria. Reperforation of an oil well increased gross field production to approximately 61,000 B/D before output was temporarily scaled back to 53,000 B/D for a shut-in, upgrade, and workover of the well. A number of other field wells will be reperforated in coming months, the company said. San Leon holds a 9.72% interest in the field, which is operated by Eroton (35%). Nigerian National Petroleum Corp. holds the remaining stake. FAR said that drilling has begun on the SNE-5 appraisal well offshore Senegal. The well and the following SNE-6 well will evaluate the upper SNE reservoir units' connectivity and deliverability by oil flow testing that will include interference tests.