Field/project development
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Operator started planning the development before it made its latest North Sea discovery.
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
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The Gorgon gas project will consist of a new floating field-control station and subsea compression infrastructure. -
The contractor will supply over 300 km of flexible pipe between four field developments offshore Brazil.
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The North Sea project is set to include 23 subsea, oil-producing wells tied into four subsea templates to tap an estimated 200 million bbl of oil.
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The discovery in the US Gulf of Mexico was tied back through a single well completion to existing infrastructure.
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The new field, which is tied back to the Na Kika platform, is expected to add over 20,000 B/D of new production at peak.
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The marine contractor will utilize its North Ocean 102 pipelay/lift vessel for the work at the Shenzi field.
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Energy trader Vitol will take 3 mtpa over a 10-year period.
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The operator is planning for an FPU in the Gulf of Mexico field that is capable of producing 100,000 B/D of oil.
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Total’s $5.1-billion Lake Albert development with CNOOC brings Uganda into the club of oil-producing nations while it positions the French major as the dominant player in African oil and gas.
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Pioneer Natural Resources is moving to complete its second major acquisition of another shale producer in less than 6 months.
