deepwater

The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.

Transocean reported a long list of reasons why the deepwater drilling business is coming back strong. Making money is still not one of them.

The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.

Wells in deepwater reservoirs show significant rate decline with time as the result of various causes. A diagnostic tool for quantification of factors influencing well-productivity decline is presented in this paper.

The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.

The depth of the world’s offshore projects has steadily increased over the past 30 years—and so has its production base. The growth trend will continue thanks to new fields offshore Brazil, Guyana, and the US.

Lower oil prices and capital discipline are expected to result in a double-digit drop in shale and tight oil spending, while deepwater momentum is seen continuing. This comes as “massive investments” will be needed in the next decade to meet growing oil demand.

The project aims to contribute an estimated ultimate recovery of more than 175 MMboe from one of the company’s signature deepwater projects in the US Gulf of Mexico.

Colombia is walking a thin line between becoming another fading petroleum province and Latin America’s next big success story. Its aces in the hole: unleashing its nascent offshore and unconventional sectors.

Following a 42-day journey from Singapore, the Liza Destiny has arrived at the Stabroek Block offshore Guyana, where it is expected to produce up to 120,000 gross boe/D from the ExxonMobil-operated deepwater project upon startup.