Field/project development
ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
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The operator will utilize drillship Deepwater Invictus for both development and exploration drilling under a 3-year pact. -
First oil is expected in 2029 from the development, which has a budget under $5 billion.
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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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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.
