The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
(boe). This series of successful discoveries highlights the untapped potential in Malaysia. With Petronas remaining committed to E&P investments in the region, Malaysia is expected to remain one of the largest markets for support vessels in the coming years. From decommissioning projects to new oil discoveries, there is no shortage of opportunities in APAC.Asia Offshore Wind Taking Off?While commercial-scale projects have been slow to take shape in Asia, we are gradually transitioning from demonstration and pilot projects to large-scale commercial projects. Turbine sizes are expected to double from
Waterotor Unveils 20MW 'Big Cajun' System Aimed at Decarbonizing Offshore Oil Operations
ocean currents on Earth, reaching speeds of more than five miles per hour (2.5 meters per second) and containing as much as 100 times the combined flow of the world’s rivers," the company said.Guyana is becoming one of the world's major deepwater oil provinces, on the back of multiple oil discoveries made by Exxon, and will see multiple FPSOs deployed in the giant Stabroek block in the years to come. Suriname is looking to become the next big thing in offshore oil following a string of oil finds by TotalEnergies and Apache.The Big Cajun renders shared by the company show a giant floater
Fugro Wraps Large Site Survey Work at TotalEnergies' Offshore Block in Suriname
the acquisition and analysis of geophysical data and geotechnical soil samples. Fugro will use this information to characterize site conditions and identify potential geohazards, helping the client to derisk potential development activities.TotalEnergies, with its partner Apache, has made several oil discoveries in the block in the past year, and is looking to develop them. TotalEnergies has recently started talks with Malaysia's Yinson over Front-End Engineering Design (“pre-FEED”) for an FPSO to be installed at Block 58.Suriname.Fugro scopeFugro said that the nearly 7-month-long field
Ocean Infinity Wraps 'First in Industry' Survey Offshore Angola
with geotechnical and seismic equipment, from a single vessel, a first for the industry."Worth reminding, the U.S. oil major ExxonMobil last week contracted Ocean Infinity for a similar survey project over the Stabroek Block in Guyana where the oil company has so far struck no less than 16 oil discoveries.Under the contract, Ocean Infinity will deploy high-resolution autonomous underwater vehicles (AUV) to gather geophysical and geotechnical data within the offshore block.Ocean Infinity will simultaneously deploy a fleet of AUVs in water depths of between 70 meters and 2,150 meters over an area
Aker Solutions to Supply Subsea Production System for Mero 1
Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.The ultra-deepwater Mero field is located in the northwestern area of the original Libra block, which is about 180 kilometers south of Rio de Janeiro. First oil was produced in November last year.Petrobras is the operator of the consortium developing the Libra area. Shell, Total, CNPC and CNOOC Limited are partners. Pre-Sal
Exxon Expects More Oil from Guyana's Offshore Block
Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The previous estimate was 3.2 billion barrels of oil equivalent, Exxon, the world's largest publicly traded oil producer, said.Besides Exxon and Hess, China's CNOOC is also part of the consortium that is interested in Guyana's Atlantic coast resources
Reassessing Alaska's Energy Frontier
parts of the 2005 Central North Slope assessment and the 2010 NPR-A assessment. Driven by Discoveries The USGS decision to reassess the NPR-A came after several industry announcements of potential large discoveries in the area, much greater than previously thought. The Pikka and Horseshoe oil discoveries near the Colville River delta just outside NPR-A were announced in 2015 and 2017. Industry announcements suggest that the two discoveries 21 miles apart likely are in the same oil pool, which may hold more than 1 billion barrels of recoverable oil. “Advances in technology and
Statoil to Enhance Exploration Drilling
lifetime of existing infrastructure and determine the growth potential. In total, Statoil expects 16-18 NCS exploration wells to be completed in 2017. New discoveries are crucial to counteract decline om the NCS. “The Barents Sea has yielded several of Norway’s most significant oil discoveries in recent years. We are looking forward to test new targets, both in the relatively well known geology around in the Johan Castberg and Hoop/Wisting area, as well as some new frontier opportunities with greater geological uncertainty but also high impact potential. This campaign can provide
Woodside Buys ConocoPhillips’s Senegal interests
of subsea infrastructure and floating production storage and offloading vessels. “We acknowledge the work of ConocoPhillips in closing this deal,” he said. The transaction includes a 35% working interest in three offshore exploration blocks, which contain the SNE and FAN deep water oil discoveries
February 2024
