Field/project development
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Shell has reached FID on LNG Canada Phase 2, a major expansion that will double the Kitimat facility’s LNG export capacity to 28 mtpa and strengthen long-term supply to growing Asian markets.
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Train 1 of the Corpus Christi LNG Stage 3 project is expected to reach substantial completion during the first quarter of 2025. -
The Scarborough Energy Project is on track to start delivering liquefied natural gas in 2026.
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Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
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The formal design and construction contract award comes after an LOI for the work was signed this past summer.
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First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
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Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.
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The contractor will conduct front-end work related to the subsea portion of the joint Polok/Chinwol development.
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This year has been both inspiring and exhilarating in the production and facilities domain, highlighted by a record 269 abstracts. This plethora of ideas fosters industry knowledge and promotes the exchange of innovative solutions driven by engineering advancements and data analytics.
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This paper presents three examples covering both gas and oil fields at different stages of their lives that show how estimated ultimate recovery (EUR) and the corresponding range of EUR uncertainty varies over the life of each field.
