Field/project development
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
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.
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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027. -
Production from the Dover field is expected to start in late 2024 or early 2025.
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Plaquemines Phase 2 is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.
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The approval adds momentum to the Alaska North Slope’s production revival.
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The contractor will supply flowline and connectors as part of a project on the Angolan field.
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The Agogo Integrated West Hub Development Project is the first new major greenfield project awarded in Angola in more than 5 years.
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The Eagle Ford shale currently represents about 30% of Baytex’s total production.
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More than 2.0 mtpa of LNG to come from Plaquemines LNG and CP2 LNG facilities.
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Uganda’s Lake Albert appears on track to first oil by 2025. The oil is expected to be exported via the 1443-km East Africa Crude Oil Pipeline.
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The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
