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For mature offshore facilities, adding or even increasing water treatment and injection facilities can prove difficult, due to space or weight constraints, and may also be prohibitively expensive.
The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
A company realized that some 50% of the country’s well inventory was idle, so it set out to arrest Malaysia’s production decline rate.
Digital proponents promote industrywide adoption of digital technologies.
The development, which includes two new bridge-linked platforms, has been designed to produce until 2050 with a peak production capacity of 120,000 barrels per day.
A final investment decision for the Flemish Pass Basin development offshore Canada is expected in 2020.
M&A activity in the oil patch is about to heat up as long and short-term drivers, from positive commodity prices to lower cost metrics in deep water and investment in alternative energies, kick in.
Could a lending hand from the oil and gas industry give the nascent U.S. floating wind industry a needed boost?
Collaboration leads to advances in FPSO technology.
The program aims to reduce capex and opex for production offshore in areas such as subsea systems, surface systems, processing and construction, starting with 39 R&D projects.
The tools and capabilities offshore workers take to the work site are changing, potentially making operations safer and more productive. But, there will be challenges along the way.