LLOG doesn’t care about being the first or the biggest. But its attention to fundamentals makes it one of the best.
Drilling operations will be performed by drilling contractor RN-Burenie for RN-Sakhalinmorneftegaz, a Rosneft subsidiary. RN-Sakhalinmorneftegaz’s infrastructure will be used in the field’s development, Rosneft said.
In one encouraging sign for the oil and gas industry, Shell said on May 9 it restarted production at a reduced rate at its Albian oil sands mining operation in Alberta, adding it plans to fly staff in and out.
Production from the field is pushing Petrobas closer to its 1-MMbbl/d presalt goal
Eni’s Goliat development represents much of what is both best and worst about offshore megaprojects, a technological marvel but with giant-sized budget and schedule challenges.
Project management, engineering and installation of 70,000 ft of insulated rigid flowline and insulated steel catenary riser as well as a control umbilical, PLEM jumper and associated flying leads were included in the work scope, a news release said.
Ophir said it had been unable to complete the deal for its Fortuna project on the terms agreed in January, when it signed a preliminary contract with the world's largest oilfield services provider.
The oil field is expected to reach its ODP designed peak production of about3,900 barrels of crude oil per day in 2016.
At full rate production, the facility is designed to produce up to 10,000 bbl/d of natural gas condensate and 200 MMcf of recycled gas. It is anticipated to reach that level when the west pad well is online in a few months.
Kazakhstan’s oil Kashagan project will likely be launched in June 2017, Wang Zhongcai, the first vice president of China National Petroleum Corp, told reporters April 21 at an energy conference in Moscow.
Zohr, discovered by Eni last year, has an estimated 30 trillion cubic feet (Tcf) of gas. It is expected to plug Egypt’s acute energy shortages and save it billions of dollars in precious hard currency that would otherwise be spent on imports.
Discovered in 2007, the Julia field comprises five leases in the ultra-deepwater Walker Ridge area of the GoM. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit.