The announcement comes 7 months after the two received permission to begin the tendering process for the project offshore Nigeria, which is expected to carry a peak production of 225,000 BOPD by 2022. The company will manage the position-keeping for the deepwater project offshore Nigeria, which is scheduled to start production later this year. KBR will head a joint venture with TechnipFMC and JGC to provide a basic design package and EPC bid for the Bonny Island expansion. The insights present an opportunity for significant operating and capital costs reduction. With these synopses of technical papers from OnePetro you can join the author for conferences in Kuala Lumpur, New Orleans, and Lagos, all while sitting in your chairs and without any travel expenses.
The state-owned firm is looking within its home country, around Southeast Asia, and to the Americas—including shale—in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years. The financial effects of the downturn are set to last at least a decade—which puts the industry almost at the halfway point. Petrobras and Shell have brought online the Lula field’s seventh FPSO as the firms continue to ramp up production from the pre-salt Santos Basin. The national oil company’s aim to lift oil and gas production and reserves over the next few years will rely on growth from big international projects, including those in Nigeria, Guyana, and the US. A new report predicts that US output will rise to a new record high of 12.1 million B/D in 2020.
The French major is racking up barrels of deepwater production as part of its large-scale West African push. Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production. West Africa has seen a significant shift in drilling activity, mainly in deep water. Many of the major international operators are carrying out important exploration-and-development activities there. The subject field in deep water off West Africa provides an opportunity to perform a review of how well the reservoir-performance predictions made at project funding matched with the final actual field performance.
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields. Murphy Oil to Buy Deepwater US Gulf Assets for up to $1.625 Billion The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business. The company has been rapidly expanding its US gulf footprint while simplifying its portfolio and targeting more oil. Petrobras and Shell have brought online the Lula field’s seventh FPSO as the firms continue to ramp up production from the pre-salt Santos Basin. The French major is racking up barrels of deepwater production as part of its large-scale West African push.
The gas agreement clears the way for the FEED phase; FID expected in 2020. The 15-year deal calls for 1 million tons of LNG to be shipped each year to the Iberian Peninsula. Final investment decision on the project is expected in the second half of 2019, with the first liquefaction train scheduled to start up in 2023. The startup of a second FPSO will add 115,000 BOPD to the deepwater project offshore Angola, bringing overall production capacity to 230,000 BOPD. Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry.
BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea. Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors. Phase 1 of the development today marked the sail-away from Kværner’s yard of the 560-bed living-quarters topside, the largest of its kind in Norway. The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays.
BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea. This digital deal is helping to make augmented reality a new reality for oil and gas operations. Called Eelume, the underwater drone will perform subsea inspection, maintenance, and repair work. McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services. A newly launched JIP aims to bridge the BSEE and API frameworks and achieve industry consensus on the analysis and inspection data required to assess the feasibility of an extended service life.
Ashtead Technology has acquired Louisiana-based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the US. High-fidelity 3D engineering simulations are valuable in making decisions, but they can be cost-prohibitive and require significant amounts of time to execute. The integration of deep-learning neural networks with computational fluid dynamics may help accelerate the simulation process. The chemical reactions creating buildups of scale that can clog a well can be replicated in a chemical lab, but researchers are finding many more variables on the surfaces of pipes that need to be considered. The web-based interactive tool provides users specialized “ocean neighborhood analyses,” including maps and graphics by analyzing more than 100 ocean datasets instantaneously. BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea. The pipeline system will have the initial capacity to deliver 150,000 B/D of crude oil to multiple delivery points, accessing local refineries and connecting to several downstream pipelines.
Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase. The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE. The French major is racking up barrels of deepwater production as part of its large-scale West African push. Chevron, ConocoPhillips, Equinor, Shell, and Total are among nine firms looking to explore the Pearl River Mouth Basin.
A bulk of near-term output will come domestically, but the subsidiary of state-owned China National Offshore Oil Corporation is leaning on its international projects to boost production longer-term. The company said it expects to produce 1.33 million BOE/D in 2019, an increase of 2% from its 2018 average, with domestic output accounting for 67% of this year’s production. The ExxonMobil-operated Guyana consortium has tallied 10 discoveries to date. CNOOC expects six new projects to come on stream this year. The four other projects are the Shell-operated Appomattox project in the US gulf and CNOOC’s Bozhong 34-9 oil field, Caofeidian 11-1/11-6 comprehensive adjustment project, and Wenchang 13-2 comprehensive adjustment project off China.