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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Reliance Industries and BP are going forward with the expansion of a huge field off the east coast of India that is expected to fill 10% of the country’s energy needs. -
Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
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This paper reviews clusters of information that will be termed “building blocks” for deepwater-field-development planning, discussing how they are currently used and exploring more-affordable, but technically robust, alternatives.
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Shale explorers in Argentina are reporting that improving performance and activity is set to rise this year to boost the country’s gas production.
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New figures show that the facilities working in the Gulf of Mexico achieved higher crude output in 2016 than at any other period.
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The new Juniper offshore platform began its journey toward Trinidad to be installed as BP Trinidad and Tobago LLC’s 14th offshore installation. Juniper will have a production capacity of approximately 590 MMscf/D.
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In the first part of this series, the author explained why the current way of performing FEED does not allow minimization of costs by optimizing the design. In this article, he describes how the current contractual setup of the EPC also fails to minimize the costs of equipment/materials and works.
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Total’s Laggan Tormore project claimed the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award at the 10th IPTC in Bangkok, Thailand.
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In order to meet short- and medium-term expansion goals as well as ensure a sustainable long-term future, an operator has recently embarked on several greenfield and brownfield developments. These involve several megaprojects running in parallel with different teams.
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In this first of a two-part series, the author describes why the use of lump sum contracts for FEED services contract followed by an EPC contract does not fulfil the requirements to lower oil and gas facilities capex.
