Gina Krog is estimated to hold 106 MMbbl of oil, 11.8 Bcm (417 Bcf) of gas and 3.2 million tonnes of NGL), which will be produced by using a fixed production facility and a storage vessel.

Production will be carried out via the John Agyekum Kufuor FPSO unit, which will produce up to 85,000 barrels of oil equivalent per day through 18 underwater wells, Eni said.

The Quad 204 project in the western Shetland region, also known as Schiehallion, is expected to ramp up production throughout 2017 to reach a level of 130,000 barrels per day, BP said in a statement.

simonov, appea, russia, lng, debate

Who will be the next LNG and gas export superpower? A Russian energy director and an American executive took their cases to Australia for APPEA 2017.

Despite numerous challenges, the world’s deepest production facility is poised for even more success.

A Bulgarian-Romanian gas pipeline partially funded with EU funds and linking the two states to Austria would also be finalized in 2019, the government said, meaning Romania could become a net gas exporter, Reuters reported.

The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, are currently producing 700 million standard cubic feet of gas a day to the Egyptian national gas grid, BP said in a statement.

Shaw production will be followed by Cayley by the end of second-quarter 2017.

BP, Mad Dog, Phase 2, Gulf of Mexico, OTC, oil

The Mad Dog deepwater development is capable of producing 80,000 bbl/d of oil. Mad Dog’s Phase 2 promises to be even bigger.

OTC, Moho Nord, Total

With its Moho Nord development, Total delivers an impressive feat of human and industrial innovation.

In both tie-ups, Pemex will have a 50% stake, while the partners will have the remaining half and will be designated as the operators of the projects. Both projects feature existing infrastructure due to past Pemex work in the areas as well as ongoing production.

Pemex, which is looking for a partner to develop the block, estimates it to hold reserves of some 500 million barrels of oil equivalent based on data gathered from five wells drilled in the past, the company said in a statement.