Archive for the ‘Offshore Projects’ Category
Aker BP ASA has started production from Viper-Kobra offshore Norway. Part of Alvheim field, Viper-Kobra consists of two discoveries—Kobra in 1997 and Viper in 2009—on production license 203. The project is tied back to the Alvheim floating production, storage, and offloading vessel.
Total SA has signed a preliminary agreement to help develop the massive South Pars natural gas field offshore Iran. The pending transaction marked the first Western energy investment in Iran since international sanctions were lifted earlier this year.
Chevron North Sea Ltd. has started production from the Alder high-pressure, high-temperature (HPHT) natural gas-condensate field 160 km from the Scottish coastline in the central North Sea.
Statoil ASA has let contracts to three companies for the Trestakk development in the Norwegian Sea.
Ghana seen producing 350,000 b/d in 2018
November 3rd, 2016 by Latest News
Oil production in Ghana, growth of which slowed this year because of technical problems at giant offshore Jubilee field, will reach 350,000 b/d in 2018, predict researchers at the French investment management firm Natixis.
The UK Continental Shelf (UKCS) has experienced sustained production efficiency (PE) compared with 2012 statistics, which marked a PE low point, the Oil and Gas Authority said in a report, UKCS Production Efficiency, that analyzed 2015 statistics.
PJSC Lukoil has started commercial oil production from Vladimir Filanovsky field in the Caspian Sea off Russia.
Mubadala Petroleum awarded a modified contract to Petrofac that extended contracts related to the FPF-003 floating production, storage, and offloading vessel (Jasmine FPSO) for Jasmine oil field offshore Thailand.
Rystad: Half of offshore cost reductions come from downsizing, simplifications
October 28th, 2016 by Latest News
Offshore developments have experienced lower breakeven prices over the last 2 years with more than half of the cost reductions achieved through downsizing, simplification, and design, said Rystad Energy.
The Norwegian Petroleum Directorate (NPD) authorized the production startup on Ivar Aasen field in the North Sea. Aker BP AS, the operator, has scheduled the field in 360 ft of water to come on stream during December.