Asset Management
The technology has passed its first phase of qualification, with 84 nodes placed on the seafloor at a depth of 2,000 m to acquire 4D seismic data in the pre-salt Santos Basin.
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.
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Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years. -
The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
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The update increases the guidance’s focus on creating a just energy transition.
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The traditionally Oklahoma-centric producer adds new acreage in west Texas and New Mexico through a pair of purchases.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
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Tight oil and gas producers in the US are pulling back faster than expected as oil prices stagnate and produced water management constraints grow.
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Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
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This article is the third in a Q&A series from the SPE Research and Development Technical Section focusing on emerging energy technologies. In this piece, Zikri Bayraktar, a senior machine learning engineer with SLB’s Software Technology and Innovation Center, discusses the expanding use of artificial intelligence in the upstream sector.
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Successful in other applications, self-healing coatings could be the oil industry’s ticket to fighting corrosion and extending the life of steel.
