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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Shell reported that most of its production was back online, but some facilities will remain shut-in until the end of the year. -
Operator hands out early engineering contracts to its alliance partners related to Norwegian North Sea development.
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The contractor will provide engineering, procurement, construction, installation, and commissioning for pipelines and umbilicals at the Shell-led deepwater field.
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French operator will assist country with enhanced oil recovery, natural gas gathering, and solar projects.
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The authors write of an efficiency-optimization effort in the planning and construction of a West African breakwater for LNG service that resulted in increased financial and environmental benefits.
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This paper describes an artificial intelligence deep Q network for field-development plan optimization.
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After more than 2 decades of talk, multiple millions of dollars in investments, and a decade’s worth of joint industry projects, operators are starting to get on board with electrification as the base case for subsea solutions.
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In this paper, the authors describe a model that uses augmented artificial intelligence to optimize well spacing by use of data sculpting, domain and feature engineering, and machine learning.
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A well-pattern-design work flow proved able to identify substantially better patterns than the traditional approach for a giant mature field.
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The project’s new wellhead platform will be powered by a renewable energy system.
