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.
-
This paper presents a pragmatic approach to frame, evaluate, and compare appraisal strategies in resource plays. -
I had the pleasure of seeing an announcement for the semisubmersible hull destined for the Jack/St. Malo project leaving a South Korean shipyard for another in Texas.
-
Plans were developed to produce multiple deepwater reservoirs with vastly different fluid properties from a subsea development in 3,100 ft of water in the Gulf of Mexico.
-
The Mensa field is a deepwater Gulf of Mexico (GOM) geopressured-gas field, producing from Upper Miocene sand with faulted four-way closure.
-
The success rates of E&P megaprojects has dropped over the past decade. What is causing this falloff in performance?
-
Project management is one way to keep an eye on the big picture. Focusing on the little things too can increase your bottom line. The complexity of modern facilities construction projects necessitates a cradle-to-grave approach to managing projects over long periods of time.
-
Facilities engineering has grown with the industry’s advance into deep water and the development of complex subsea systems to produce the resources found there.
-
Shell’s Parque das Conchas project, an ultradeepwater heavy-oil development in the northern Campos basin offshore Brazil, has won the IPTC Excellence in Project Integration Award. The award recognizes significant and unique achievements in managing and directing a project from discovery to delivery.
-
Earlier studies showed that the results of oil and gas megaprojects were quite similar to the results from other industries. More investigation shows a poorer track record, largely due to the poor functional integration that characterizes upstream project organizations.
-
The ultimate success of a deepwater project depends on phases from early concept selection, design, construction, commissioning, and startup to operation. However, the boundaries and transfer of responsibilities may not be sharply demarcated between phases.
