Rafael Cruz, Petrobras, Lula, field, oil

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.

The Askeladd reservoir will be tied into the Snoehvit field gas installations, which feed Europe’s only plant for making and exporting LNG, said Margareth Oevrum, executive vice president for technology, projects and drilling.

GE Oil & Gas (NYSE:GE) has started production of four HP/HT dynamic flexible risers destined for the world’s largest floating liquefied natural gas (FLNG) facility, Prelude, to be operated by Shell offshore Western Australia, GE said in a news release.

The Bhandut-3 well is flowing at the expected stabilized rate of 0.70MMscf/d (120 boe/d) through a 8/64-in. choke, Oilex said in a news release.