Field/project development
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
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BP started gas production from its Qattameya gasfield development offshore Egypt in the North Damietta offshore concession. -
Aramco commissioned a top-down and bottom-up assessment of the potential risks associated with delivering major projects in China, the Kingdom of Saudi Arabia, India, and the US Gulf Coast. Its goal is to deliver shareholder value while preserving the capital effectiveness and value of the projects.
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An ATCE presentation outlined how staged field development can help make smaller oil discoveries commercial alongside existing engineering solutions.
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Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.
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BP, in partnership with OQ, PETRONAS, and the Ministry of Energy and Minerals in Oman, announced in mid-October that production had begun from the Block 61 Phase 2 Ghazeer gas field, 33 months after the development was approved.
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Present industry solutions to the challenge of well spacing involve expensive geomechanical Earth modeling or fracture-geometry monitoring that is time-consuming, data-intensive, and geography-specific.
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The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
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The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.
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Petrobras completed a drillstem test (DST) in the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt carbonate reservoir.
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Equinor will drill three new wells at a cost of $219.3 million at the Martin Linge field in the Norwegian North Sea to ensure safe production after an analysis found four previous wells drilled there did not have necessary barriers.
