Production

News
April 18, 2024
The country’s economic growth is forecast to decline 5.5% this year, making it the world’s worst-performing economy, according to available IMF data. And after nearly three decades in Equatorial Guinea, Exxon Mobil Corp. is planning to pull out entirely, a decision the company says is part of a long-term strategy.
News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 16, 2024
The ACE platform is the seventh oil-production platform installed on the giant ACG field in the Caspian Sea. ACG first began production in 1997 and has since produced over 4.3 Bbbl of oil. The bp-operated Shah Deniz gas field has two further platforms in the Caspian.
News
April 15, 2024
Seatrium and Shell have worked together on various projects over the years, including the recently announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage Seatrium’s topsides single lift integration methodology, following the fabrication of Vito and Whale FPU newbuilds in 2021 and 2023, respectively.
News
April 14, 2024
The Whiptail project will cost $12.7 billion and produce about 250,000 bpd as soon as the end of 2027, Exxon said in a statement Friday. Guyana’s overall daily crude capacity will climb to 1.3 MMbbl just eight years after the advent of the country’s oil production.
News
April 10, 2024
Occidental expects first-quarter production from the Gulf of Mexico to be 90,000 boed, about 20% below the mid-point of its guidance.
News
April 08, 2024
The field is expected to come on stream during the first half of 2027 and is anticipated to operate until 2031 with potential for extension. Plateau oil production is estimated at around 26,000 boed and is expected within the first year of production.
News
April 02, 2024
CEO of Prima Energy Northwest Natuna, Pieters Utomo, emphasized that PENN will continue to commit to the development of the AAL oil field until reaching production by the end of 2026, with a production target of 20,000 bopd.
News
March 27, 2024
It is estimated that using DIAL will enhance the net present value (NPV) of each well by up to $50 million over their lifetime. The contract is expected to lead to further adoption of DIAL in West Africa and across the continent.
News
March 27, 2024
Production capacity at the Belbazem offshore block is set to progressively ramp up to 45,000 bpd of light crude and 27 MMcfd of associated gas, contributing to ADNOC’s target of reaching 5 MMbpd by 2027.
Article
March 2024
Electrification is the most practical solution for decarbonization, especially as renewable generating capacity increases and momentum to electrify vessels, including FPSOs, continues to build. However, the industry still faces headwinds, including high upfront costs, a lack of supporting infrastructure and properly trained personnel, and gaps in standards.
News
March 22, 2024
At plateau, the Tyra hub will produce 5.7 MMcmg and 22,000 bopd, once again making Denmark self-sufficient and a net exporter of natural gas.
News
March 21, 2024
PTTEP has ramped up its G1/61 Project’s sales volume to 800 MMcfd as planned. The increased natural gas delivery will help minimize the impact of electricity prices and enhance national energy security. 
News
March 12, 2024
For the full year 2024, Talos expects average daily production between 89,000 and 95,000 boed, an increase from the previous guidance of between 87,000 and 93, 000 boed.
News
March 08, 2024
Production performance from the well has been in line with expectations and is currently stabilized at approximately 5,000-6,000 bopd.
News
March 07, 2024
The Chancellor’s plan to continue the tax undermines OEUK’s manifesto proposals for a homegrown energy transition intended to boost domestic energy investment and drive the shift to greater production of wind and hydrogen energy, alongside the introduction of large-scale UK carbon capture and storage facilities. 
News
March 05, 2024
During Q4 2023, the deviated well 42/30-C06 was drilled and completed with the Valaris-247 rig in 48 m water depth, delivering an estimated reserve addition of around 20 Bcf to 40 Bcf from a previously undrilled block at the North-Eastern edge of the Ravenspurn South field.
News
February 29, 2024
The Energean Power FPSO now has four production wells in operation, increasing well stock redundancy and flexibility to meet the demand requirements of Energean’s natural gas buyers.
News
February 28, 2024
Eldfisk Nord is an installation consisting of two seabed templates for production and one for water injection – a total of nine production wells and five injection wells. Production start-up is expected during the first quarter.
News
February 27, 2024
Authorities have consented to the start-up of production on the Hanz accumulation on the Ivar Aasen field in the North Sea. The development solution involves reusing the subsea installations on the Jette field, which was shut down in 2016.
News
February 26, 2024
Helix will provide the Q4000, a DP3 riser-based semi-submersible well intervention vessel, a 10k Intervention Riser System (IRS), remotely operated vehicles, project management, and engineering services to cover fully integrated well intervention services from production enhancement to plug and abandonment.
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