ExxonMobil’s Liza Phase 1 and Phase 2 project was announced as the recipient of the IPTC Excellence in Project Integration Award in the category for projects above USD 500 million at the 2024 International Petroleum Technology Conference (IPTC) taking place this week in Dhahran. ADNOC’s CCUS Evolution Journey was the winner of the USD 200–500 million project category.
“This prestigious accolade acknowledges the company that has demonstrated exceptional achievements in integrating multiple disciplines to execute an oil and gas project from discovery to delivery. Over the years, this award has garnered significant interest within the industry, becoming a highly esteemed form of recognition for those involved in the E&P sector,” said Woodlands Energy Services’ Executive Vice President Mohammed Badri, who presented the awards and serves on the IPTC Board of Directors.
The award is given to a project that adds value to the industry and exemplifies strong teamwork, solid geoscience knowledge, reservoir and production engineering acumen, determined and watchful construction, and outstanding facilities engineering practices. Equally important, a successful project requires a pervasive culture of HSE and a positive impact on the communities it affects.
In addition to ExxonMobil, BP’s Shah Deniz 2 and Eni’s Coral South FLNG were finalists.
IPTC received 16 nominations from nine companies representing nine countries for the project category.
In May 2015, the Liza-1 exploration well discovered oil offshore Guyana in the Stabroek block. In less than 5 years, December 2019, the Liza Phase 1 Project began production from Liza Destiny floating, production, storage, and offloading (FPSO) vessel, one of the fastest projects from discovery to first oil of its type in the industry.
In May 2019, Liza Phase 2 was funded, less than 2 years after final investment decision for Liza Phase 1. Liza Phase 2 began production from Liza Unity FPSO in February 2022.
The Liza development deployed new technologies and novel execution approaches to meet challenges including a new country entry into a frontier basin, restrictive metaocean conditions, and a global pandemic. Integration across all aspects of the projects was key to this achievement, with the concept of One Team embedded into team behaviors.
ADNOC’s CCUS Evolution Journey was the winner of the USD 200–500 million category. Optimum Shah Gas Expansion by ADNOC Sour Gas and Aishwariya Barmer Hill (ABH) Tight Oil Field Development by Cairn Oil & Gas and Vedanta Ltd. were the other two finalists in this category.
IPTC received nine nominations from seven companies representing three countries for the award.
ADNOC’s journey into carbon capture, utilization, and storage (CCUS) began with the onshore Bab and northeast Bab field projects in 2016. These projects aimed to increase oil recovery by utilizing CO2 EOR techniques and capturing CO2 emitted from a steel plant, which was then transported through a secure 90-km pipeline network at 240 bar pressure.
ADNOC’s journey started with the pilot phase, where advanced CO2 injection methods and enhanced monitoring practices led to an increase in oil production within just 2 years. The project is now evolved into a full-field expansion, emphasizing safety and environmental considerations while optimizing engineering and facilities.
ADNOC’s strategy aims to add hundreds of millions of stock-tank bbl of oil using CO2-EOR with efficient CO2 injection. This project aligns with a sustainable future vision, making a significant contribution to achieving net-zero goals by 2045, targeting 10 mtpa of CO2 storage by 2030. ADNOC's determination and achievements in oil recovery, CO2 efficiency, and storage set an inspiring example for a harmonious future of energy and sustainability.
Learn more about the IPTC Excellence in Project Integration Award here.
