offshore

The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.

Updates about global exploration and production activities and developments.

Once labeled “undrillable,” Brazil’s heavy-oil Atlanta field in the Santos Basin faced technical, financial, and logistical challenges. But through a phased approach, clever reuse of assets, and disciplined project execution, Brava Energia transformed a risky deepwater asset into a producing field with 172 million BOE in 2P reserves.

FPSO is the fourth unit to go online in the deepwater pre-salt Mero field in 3 years.

Equinor said it plans to restart construction on the project, which currently is 30% complete.

Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.

Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.

FLNG vessels will handle gas from the Vaca Muerta formation when they go online in 2027 and 2028 offshore Argentina.

Updates about global exploration and production activities and developments.

The CEO and North America research director for Rystad Energy shares insights from a 3-year Knowledge Partnership between the global consultancy and OTC.