offshore

Mexico’s second oil and gas lease auction has been deemed a success after three out of five shallow-water blocks were awarded in September. The awarded areas contain an estimated 236 million bbl of oil and 190 Bcf of gas.

Construction costs, contractor involvement, flow assurance, and the integration of new technologies created to improve production are some of the deepwater challenges exacerbated by the current low price environment.

In June, Mexico’s national oil company Pemex announced its largest discoveries of oil and gas in 5 years. Located in the shallow-water basin of the Gulf of Mexico offshore Tabasco and Campeche, the four new fields are estimated to hold 350 million bbl of oil.

This paper describes the architecture of the Lucius Gulf of Mexico subsea production system and the drivers behind it.

This paper addresses the standardized features applied to the 10,000-psi-rated subsea-system components at the Espirito Santos FPSO in the Campos basin offshore Brazil.

The need for standardization of subsea equipment has never been greater. With the drop in oil prices, cost reduction has become critical.

Operators have announced reduced budgets and delayed deepwater project sanctions. Despite these reductions, the long term outlook is for increased deepwater spending.

Hybridization of power systems is known to increase energy efficiency and reduce emissions, with lower fuel consumption. This paper reviews available technologies to serve as a selection guide for planning such systems.

Our industry’s demonstrated ability to innovate and continually improve well-construction technology will be all the more valuable to all plays if low oil prices persist, but especially so for shale and other high-cost-per-barrel plays.

This paper provides an operator’s viewpoint of in-well monitoring, covering some of the key challenges.