Production
News
February 19, 2024
Chevron will increase natural gas production to as much as 1.6 Bcfd, up from the 1 Bcfd the Tamar field usually produces.
News
February 16, 2024
TechnipFMC has been awarded a substantial contract from Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).
News
February 15, 2024
Together with an extensive data acquisition, Cronos-2 underwent a full and prolonged production test that proved the excellent natural gas gas deliverability capacity of the discovery.
News
February 13, 2024
The Sangomar Field Development Phase 1 includes a stand-alone FPSO with subsea infrastructure and an expected production capacity of approximately 100,000 bpd.
News
February 13, 2024
This year, net production in the North Sea is projected at 15,000-16,000 boepd; the bolt-on acquisition of a 25% stake in the producing UK field Arran will add another 2,000-2,500 boepd once completed. In Kurdistan, DNO expects gross operated production at the Tawke license to continue to average 80,000 boepd.
News
February 08, 2024
The transaction is expected to add some 4 MMboe net to DNO, of which 90% gas, with projected net 2024 production of 2,000-2,500 boed. The cash consideration is $70 million plus a contingent consideration of up to $5 million if certain operational targets are met.
News
February 07, 2024
Located 135 km offshore, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started-up in 2009 and produced 124,000 boed in 2023. By mid-2024, Akpo West will add 14,000 bbl of condensate production per day, to be followed by up to 4 MMcmg by 2028.
News
February 05, 2024
The main production facilities include 2 new central processing platforms and 2 new wellhead platforms. 118 development wells are planned, including 81 production wells and 37 water-injection wells. The project is expected to achieve a peak production of approximately 30,300 bopd in 2025.
News
January 31, 2024
Project Ru’ya, which will develop more than 550 MMboe, will be executed over a period of five years, with first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralized process complex, nine remote wellhead platforms, and associated pipelines.
News
January 31, 2024
The round is a key part of the North Sea Transition Authority’s (NSTA) drive to support the oil and gas industry, which currently contributes around three quarters of domestic energy needs and, according to official forecasts, will continue to do so even as demand is reduced.
News
January 22, 2024
Recent estimated production for the fields has ranged from approximately 3,700 to 5,700 boed (around 68% liquids). W&T plans to implement a series of workovers, recompletions and general maintenance work that the Company expects will increase total production from the fields.
News
January 21, 2024
The 2022-2023 SASB development drilling program succeeded in 6 out of 6 wells, resulting in large volumes of gas reserves being tied into the pipeline for production. The artificial lift solutions being deployed are expected to monetize the reserves for sale.
News
January 18, 2024
The awards include eight production licenses in the North Sea, 13 in the Norwegian Sea, and eight in the Barents Sea. Equinor is the operator of 14 of the awarded licenses, and a partner in 25.
News
January 17, 2024
The Victory field is expected to produce around 150 MMcfgd (approximately 25,000 boed). Most of the field’s recoverable gas is expected to be extracted by the end of the decade.
Webcast
An Open Approach to Digitally Connecting the Total Asset Journey of FPSOs
February 07, 2024
SLB, Rockwell Automation, Sensia and Cognite
The FPSO coalition of SLB, Rockwell, Sensia, and Cognite has introduced an open approach for digitally connecting the total asset journey, from reservoir to topside, to continually maximize value, minimize environmental impact, and create a new level of performance for FPSOs. This integration of collaboration and digitalization will shape the future of FPSO performance. How? In this webcast, FPSO coalition experts will be providing insight into the “how”: through leveraging automation technologies for enhanced operational efficiency and harnessing digitalization to drive decision making for asset optimization, as well as understanding the key factors and considerations in vessel automation and digitalization implementation.
News
January 16, 2024
QuarterNorth's producing assets include six major fields and are approximately 95% operated and 95% in deepwater. The Transaction is expected to improve Talos's base decline rate by approximately 20%, providing increased production stability and lower reinvestment rates.
News
January 14, 2024
The FPSO Errea Wittu will have the capacity to store 2 MMboe. It will produce approximately 250,000 bopd and will have gas treatment capacity of 540 MMcfd, and water injection capacity of 350,000 bpd.
News
January 10, 2024
Wood’s Operations business will deliver engineering, procurement, construction and commissioning (EPCC) services to enhance the central processing facility of bp’s Eastern Trough Area Project (ETAP) production hub in the central North Sea.
News
January 09, 2024
The Catcher area produces from 20 subsea wells from the Catcher, Varadero and Burgman fields. The wells are a combination of water injection and production wells, which are tied-back to the BW Catcher FPSO.
News
January 08, 2024
This pilot unit, using a pioneer high pressure subsea separation technology (HISEP), will separate oil from CO2-rich gas at the bottom of the ocean and reinject the gas directly into the reservoir.
News
January 05, 2024
PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has secured the 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.
