DeepOcean Gets ExxonMobil’s Guyana Task
solutions, and we look forward to working closely with ExxonMobil Guyana to support their operations in the various field developments in the Stabroek Block,” said Tony Stokes, president of DeepOcean’s American operation.The Stabroek Block is one of the world's most promising oil and gas discoveries, with estimated recoverable resources exceeding eight billion oil-equivalent barrels to date.Guyana Expects $2.4 Billion in Oil Revenue in 2024 as Output RisesExxonMobil’s Prosperity FPSO Achieves Background Flare in 39 Day
Siemens Equipment for Large Gas Field Project Offshore Malaysia
(GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the Kasawari project in the South China Sea.With an estimated recoverable gas resource circa three trillion standard cubic feet (TSCF), the Kasawari field has been described as one of the most significant gas discoveries in Malaysia.Once in production, the field will produce up to 900 million cubic feet per day (MMCFD) of gas, which will be delivered to the PETRONAS LNG Complex in Bintulu, Sarawak.The three SGT-300 GTG units will have dual-fuel capability. Each turbine will have a power capacity of 7.9 megawatts
Sapura Commences Production at B15 Gas Field
evacuation pipeline tied into the existing B11 infrastructure for onwards transmission into the Malaysia Liquefied Natural Gas (MLNG) complex at Bintulu, Sarawak. “This milestone achievement at B15 was achieved on schedule and within budget. Sapura E&P has made significant gas discoveries over the past two years. The development plans for these discoveries are progressing well and should come on stream over the next two to five years. Once fully developed we expect Sapura E&P to be a significant supplier of natural gas into the Bintulu MLNG complex,” said Tan
Van Oord Bags Two Egyptian Offshore Deals
to prevent upheaval buckling. The growth of the global economy and the expanding world population are generating an increasing demand for energy worldwide. In North Africa, and especially in Egypt, the demand for gas is rising for electricity generation. A string of sizable natural gas discoveries has been made in the eastern Mediterranean Sea over the past decade. The West Nile Delta development will make an important contribution to Egypt’s economic development and will ensure the country’s energy supply for the long term. Production from the West Nile Delta is expected
Offshore Prospects for 2016: Playing the Waiting Game?
rig markets still have a lot to digest before recovery. Rig dayrates have plummeted as a function of significant oversupply. Many of these rigs were ordered in the previous up-cycle, but have only recently entered the fleet at a time when the appetite to drill is poor. The number of offshore oil and gas discoveries made in 2015 dropped by 60 percent and 45 percent when compared to 2013 and 2014 respectively. The market for newbuilds has evaporated, and, such is the extent of the oversupply, rates are unlikely to recover any time soon and rig owners around the world will continue to defer the delivery of
Statoil's New gas Discovery at Aasta Hansteen
increases the resource base for the Aasta Hansteen field development project by around 15%,” says Irene Rummelhoff, senior vice president exploration Norway in Statoil. The Snefrid Nord discovery is located in the deep-water Vøring area in the immediate proximity of the three gas discoveries comprising the Aasta Hansteen field development: Luva, Haklang and Snefrid South. The discovery well 6706/12-2, drilled by Transocean Spitsbergen, proved a 105-metre gas column in the Nise Formation. Statoil estimates the volumes in Snefrid Nord to be in the range of 31-57 million barrels
Drillsearch Discovers Gas at Varanus South-1
(“SACBJV”). Drillsearch Managing Director Brad Lingo said, “This discovery represents an excellent start to our drilling campaign with Santos and highlights once again the prospectivity of this area for wet gas. We have an active program underway to commercialise the various wet gas discoveries in our portfolio and we look forward to working with Santos to bring Varanus South-1 into production.” Following casing and suspension of Varanus South-1, the rig will move to drill the Yarowinnie South-1 well, which is located 7.0km southwest of Varanus South-1 and 5.4km south of the
Gazprom, Sonatrach make O&G find in Algeria
firm said in a statement. Gazprom and Sonatrach had made two discoveries in the same perimeter following the drilling of RSH-2 and ZERN-1 exploration wells. Sonatrach holds a 51 percent stake in the project while the remaining 49 percent is owned by Gazprom. Sonatrach has made 18 oil and gas discoveries for the first eight months of this year. Algeria made 32 hydrocarbon finds, including 29 by Sonatrach alone, in 2013. (Reporting By Hamid Ould Ahmed; editing by Susan Thomas)
RWE Dea Awarded Two New Concessions in Egypt
approximately 365 square kilometers. The license award is subject to approval from the Egyptian President. Including its predecessor company, RWE Dea Egypt has already been engaged in the upstream business in Egypt for 40 years. In recent years, the company has made a number of large natural gas discoveries in Egypt and considerably expanded its portfolio through the acquisition of additional concessions. In August 2014, Dea achieved first production from the Central Treatment Plant (CTP) of the Disouq Development Project. During just one year, the company has more than doubled its total oil and
February 2024
