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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More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project. -
The field marks the first development in Malaysia for the Abu Dhabi-based operator, with first gas expected in 2021.
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The startup of the 1300-m water depth field is Eni’s fifth new field since 2014 in its West End development offshore Angola.
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The two companies will collaborate to define the technology and equipment scope for an initial four-well development phase for BP’s major West African offshore gas project.
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Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.
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Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.
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The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.
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Añelo is a small town in an arid, sparsely populated area with a new supermarket, police station, bank, skate park, hotel, and hospital. In the past decade the population has roughly tripled to 7,000, and in 5 years, it is expected to nearly triple again to 20,000.
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It is easy to fixate on what it will take to extract huge volumes of oil and gas from the nearly impermeable rock within the Vaca Muerta.
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YPF has followed an unconventional path up the learning curve to develop the Vaca Muerta, which could be the first big ultratight play developed outside North America.
