Offshore Production News - page 323


WM: ExxonMobil's Guyana well economic at US$70/bbl

May 21, 2015

On 20 May 2015, ExxonMobil (45% and operator) announced a discovery at its Liza-1 well on the Stabroek Block offshore Guyana. The well was spud on 5 March and drilled to an Upper Cretaceous fan play at a depth of 5433m in 1743m of water.…

India signals interest in Mexico, Colombia

May 21, 2015

India’s petroleum minister Shri Dharmendra Pradhan led a delegation to Mexico and Colombia this week to meet with officials in each country in hopes of transforming the relationship among the three countries from “buyer-seller” to an “energy partnership…

QCLNG begins operations

May 21, 2015

BG Group announced that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility. QCLNG…

XOM confirms significant Guyana discovery

May 20, 2015

ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…

Harnessing energy

May 19, 2015

DONG Energy has taken on the offshore wind market—and it is winning. Elaine Maslin explains. A2SEA’s new wind farm installation vessel, the Sea Installer. Images from DONG Energy. In a short period of time…

Security seeks parallel existence with safety

May 19, 2015

Gregory Hale highlights the importance of both safety and following proper security protocols. The April Pemex blast on a dehydration and pumping platform in the Gulf of Mexico showed that incidents will happen in a dangerous environment…

Extending asset operational lifetimes

May 19, 2015

Aging offshore production systems and infrastructures can be given extended lifecycles with today’s creative methods of remediation, standardization, and preventative techniques, say a group of engineers presenting at the recently held Offshore Technology Conference in Houston…

Erin’s Oyo ups production

May 18, 2015

Erin Energy Corp.’s Oyo-8 well located in OML 120 offshore Nigeria has exceeded expectations and is currently producing at a stabilized rate of 7080 b/d. Erin Energy is the operator and has a 100% interest in the well. Oyo-8 flare up…

BP gains West Nile Delta stake

May 18, 2015

BP increased its interest in the US$12 billion West Nile Delta (WND) project in Egypt after partner DEA farmed down its stake. Map of Nile Delta. From DEA. According to DEA, the…

Deepsea Metro I heading offshore Vietnam

May 18, 2015

The Deepsea Metro I ultra deepwater drillship won a contract with VietGazprom in Vietnam. The vessel, managed by Norway's Odfjell Drilling, will operate for VietGazprom in Blocks 130 and 131 offshore Vietnam, starting mid-3Q 2015, for about 20 weeks…

Global subsea BOP market set to grow

May 14, 2015

Research and Markets issued a new report on the global subsea BOP market, and the analyst firm says that it expects the market to grow at a CAGR of 6.5% over the period 2014-2019. BOP is a high pressure mechanical safety valve system at the top of a well head…

Technip gets BP Thunder Horse gig

May 12, 2015

BP awarded Technip a lump sum project for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side of the Thunder Horse production drilling quarters unit in the Gulf of Mexico…

GE, Enpro Subsea in well intervention MOU

May 11, 2015

GE Oil & Gas and Enpro Subsea entered in an agreement to jointly market and provide fluid intervention services that offer oil and gas operators a cost-effective way to improve production rates in producing wells. The companies have signed…

OTC15: Jack/St. Malo sets the trend

May 07, 2015

The Jack/St. Malo development is a bellwether for the Lower Tertiary Trend, Stephen Thurston, vice president of deepwater exploration and projects for Chevron said at the Offshore Technology Conference (OTC) this week. The Jack and St. Malo fields…

OTC15: China emerging

May 06, 2015

At an industry breakfast organized by OTC and the US Department of Commerce, experts said China was chosen as topic of discussion because of its emerging oil and gas business investment opportunities. OTC…

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