Field/project development
As part of Italy's Mattei Plan—named after Enrico Mattei, Eni's first chairman—Eni will invest close to $9 billion each in Algeria, Libya, and Egypt.
Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
The project is the most northern field offshore Norway to begin production.
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First oil is expected in 2029 from the development, which has a budget under $5 billion. -
Aramco’s investment pivot to gas aims to propel Saudi Arabia into the top tier of gas producers and LNG players globally by 2030.
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Phase 2 of the fast-track project expected to quadruple output to 60,000 BOPD by year-end.
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In addition to securing the rig, Equinor has, on behalf of the partners, awarded SLB, Baker Hughes, and Halliburton agreements for drilling and well services for the Raia project worth around $109 million.
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The tieback to the Energean Power FPSO is expected to deliver first gas in the first half of 2027.
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The $900-million purchase will give Woodside a US LNG footprint and expand the operator’s LNG presence.
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The field is expected to begin production in 2027 using a normally unattended platform and eight development wells.
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First three wells of deepwater Gulf of Mexico project expected to jointly produce 22,000 BOE/D to the nearby host facility.
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This paper details how the reservoir modeling workflow can be accelerated, and uncertainty reduced, even for challenging greenfield prospects by constructing multiple small fit-for-purpose integrated adaptive models.
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As Azerbaijan prepares to host COP29, JPT looks back at how the country prospered for millennia on its largess of oil and gas and its unique geography along the ancient Silk Road that today is traversed by pipelines delivering gas and oil to Europe from the depths of the Caspian Sea.
