Production
News
April 07, 2023
The FPSO Firenze will allow production start-up of the Baleine field, which is the largest hydrocarbon discovery in Côte d'Ivoire to date, with an estimated oil in place of 2.5 Bbbl and 3.3 trillion cubic feet of associated gas.
News
April 04, 2023
Karoon advises that Baúna production, including from the Patola field, was shut-in at 17:00 on March 28 in a safe and controlled manner, due to a loss of containment incident associated with the high pressure flare on the FPSO, Cidade de Itajaí.
News
April 04, 2023
During the FEED engineering, KBR will continue to help Equinor develop one of the lowest carbon emitting FPSO's in the world, using an onboard combined cycle power system and the latest technology to minimize the number of crew onboard and maximize digital solutions.
News
April 04, 2023
The FPSO’s design incorporates SBM Offshore’s Fast4Ward newbuild, multi-purpose hull. It will be the largest oil producing unit in Brazil with a processing capacity of 225,000 boe and 12 million m3 of gas per day.
Article
March 2023
A cross-sector collaboration between suppliers and project partners to design rigs at the concept stage for tie-back will be beneficial. This approach enables the industry to move from sequential development stages toward simultaneous drilling and platform construction to accelerate timelines.
News
March 30, 2023
The Guluc-2 well discovered 73 meters of gas pay across 14 separate intervals. Current flow test results and production is from only 6 meters of gas pay; 67 meters remains to be perforated in the future ensuring a long-term production horizon for the well.
News
March 29, 2023
The NSTA is determined to assist industry in its role of ensuring domestic energy security and has opened a consultation on new guidance which aims to streamline the buying and selling of assets.
News
March 28, 2023
The West Akcakoca well's two lower “D” sands with a combined total of 7 meters of natural gas pay were perforated on March 24, 2023. These two zones were flow tested at a rate of 5.9 MMcf/day. Shut-in pressure was 1620 psi.
Webcast
Achieve Sustainable Gas Exploration and Production to Advance Energy Security
May 17, 2023
Aspen Technology
Natural gas remains a readily available, low-carbon feedstock, providing a 20% reduction in CO2 emissions vs. traditional liquid hydrocarbons. However, it’s critical to optimize operations across your assets’ lifecycle to offset threats of sustainability and energy security.
Join World Oil and AspenTech experts as they discuss how innovative digital solutions support end-to-end gas exploration and production, enabling your teams to:
• Efficiently delineate and find economical natural gas producing opportunities
• Accelerate time to first gas
• Lower the environmental footprint of development
• Maximize asset utilization by optimizing production
Register now to join the conversation! Learn how you can leverage digital solutions to meet the increased demand for natural gas.
News
March 28, 2023
Offshore Energies UK’s Business Outlook report describes how nine out of 10 of North Sea operators are cutting back investment. The companies cite a mix of high taxes, political uncertainty and inflation as key factors in their decisions.
News
March 27, 2023
To date, the southern area of the field has been appraised and developed using extended reach drilling techniques, which has enabled the completion of 3 production wells from the existing Geisum field GD platform, with a further well currently being drilled from the platform.
News
March 24, 2023
“We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be the last to produce oil in the world.”
News
March 23, 2023
It’s the first time UK annual energy import costs have broken the £100 billion barrier. OEUK’s Business Outlook Report, published on March 28, will warn that UK consumers and businesses could face similar import bills in this and future years – especially if the windfall tax imposed on UK oil and gas operators remains unmodified.
News
March 21, 2023
The joint venturers expect to spud the first development well in early 2024, acquire, convert, and install oil production infrastructure over the next 3 years, and spud an additional development and a water injection well in 2025-26.
News
March 21, 2023
The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 20, 2023
The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.
News
March 16, 2023
The investment at Dover underscores Shell's long-term commitment to the U.S. Gulf of Mexico, where production has among the lowest greenhouse gas intensity in the world for producing oil.
News
March 15, 2023
Sarawak Shell Berhad, a subsidiary of Shell plc, has completed the sale of its stake in two offshore production sharing contracts in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd.
News
March 09, 2023
Offshore flaring fell again in 2022, by 13% to 22 Bcf of gas, contributing to a total decrease of 50% since 2018, when volumes totaled 44 Bcf.
News
March 08, 2023
Oil and gas operators, service companies and regulators during mid-day on Tuesday gathered to speak at CERAWeek by S&P Global, in a session titled “Reducing Emissions in Oil and Gas Production.” In this session, they shared their perspectives on modern efforts to reduce carbon emissions and greenhouse gasses.
