Field/project development
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
New rules requiring Mozambique’s LNG industry to supply 25% of production to the domestic market could stabilize gas deliveries to South Africa’s Secunda industrial center as the Pande and Temane gas fields near depletion.
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Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.
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Why do 80% of megaprojects in the oil industry fail? A recently published book reaches a counterintuitive conclusion on the leadership traits required to run complex projects successfully.
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More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project.
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The field marks the first development in Malaysia for the Abu Dhabi-based operator, with first gas expected in 2021.
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The startup of the 1300-m water depth field is Eni’s fifth new field since 2014 in its West End development offshore Angola.
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The two companies will collaborate to define the technology and equipment scope for an initial four-well development phase for BP’s major West African offshore gas project.
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Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.
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Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.
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The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.
