Field/project development
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
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Offshore work related to the contract is slated to begin in 2024. -
The first paper selected for this Intelligent Fields Technical Focus presents the use of a unique artificial-intelligence technique from the fourth industrial revolution—dual heuristic dynamic programming—to address business opportunities associated with optimization.
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Considering the admirable perpetual transformation of the deepwater sector and the crucial impetus for change in the industry, the yearning for aggrandized and augmented innovative advancements is needed more now than ever.
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This paper describes the building of a geomechanical model for an offshore field that integrated drilling, geology, petrophysics, and reservoir data to play a major role in the drillability and deliverability of the reservoir.
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This paper describes a solutions hub that integrates engineering tools to maximize value and improve decision quality using recent digital technologies.
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Sinopec becomes the first Asian equity holder in the NFE expansion after having signed a 27-year sales and purchase agreement with Qatar, the longest term in the industry.
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The Gas Growth Integrated Project will capture and supply flare gas to generate electricity and treat seawater to manage pressure in oil wells in Iraq’s Basra region.
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The contractor will execute the work scope jointly with Canadian subcontractor Hatch.
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This paper presents an automated calibration process, probabilistic infill well ranking, and location optimization for a major heavy oil field in Colombia with original oil in place of more than 5 million STB.
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A series of new liquefaction projects along the US Gulf Coast is cutting through industry headwinds and moving toward final investment decisions.
