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 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. -
Cost estimation for facilities depends on early concept selection and critical inputs, often complicated by uncertainty in one or more of the critical inputs. Empirical cost models and cost modeling methods using these inputs vary in degrees of scope, comprehensiveness, and robustness.
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Final commissioning and initial startup was the source of lively discussion at a recent applied technology workshop held in New Orleans. A summary of key points is provided.
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