IKM Works on Pipeline, Umbilicals Concept for Equinor's Barents Sea Oil Discovery
IKM Ocean Design has won a contract with Equinor for a pipeline engineering concept study for the Wisting oil field in the Barents Sea.Wisting, located in the Barents Sea, 300 kilometers from Norway’s northern coast, in a water depth of 400 meters was discovered by OMV in 2013.Equinor in December 2019 took over the operatorship for the development phase, while OMV will assume the role as the operator for the operation phase.Under the contract awarded to IKM Ocean Design, the company will be responsible for the conceptual design of the Wisting pipelines and umbilical’s routing and overall
ExxonMobil, Hess Announce Oil Discovery Offshore Guyana
ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered. The well was drilled to 5,504 meters depth in 1,940 meters of water by the Stena Carron drillship on May 25, 2018. The Longtail-1 well is located approximately 5 miles west of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza, Payara, Liza Deep
Resilient Market Spurs Aker Solutions's Earnings
amid tough international competition."Orders totaled NOK 8.6 billion in the quarter, bringing the backlog to NOK 37.6 billion. Most were for projects in Norway, including a contract to deliver modules for the floating production, storage and offloading vessel for Johan Castberg, the largest oil discovery in the Barents Sea. The company also won contracts to deliver subsea production systems for the Troll Phase 3, Askeladd and Nova fields offshore Norway. It secured a maintenance and modifications services contract from Petrobras in Brazil.Aker Solutions was in the period awarded 38 front-end
US States Slow Trump Offshore Oil Drilling Expansion Plan
Alabama. Proposed new lease areas along the U.S. Atlantic coast would require seismic mapping and development of infrastructure that would take time. "I can't put a fine point on whether we would pursue it," Pastor said. Chevron Corp, which disclosed a large Gulf of Mexico oil discovery in existing lease areas earlier this year, said new areas will have to stack up against existing projects. They "will have to compete with the other drilling we have in the world," said Robert Ryan, Chevron's vice president of global exploration. "We just don't know, most
Reassessing Alaska's Energy Frontier
Nanushuk Formation in NPR-A in 2017 with estimated resources of more than 300 million barrels of oil. Multiple wells have been announced to be drilled during the 2017-2018 winter drilling season at both Pikka-Horseshoe and Willow to further delineate these discoveries. Industry announced an oil discovery in the deeper Torok Formation at Smith Bay, less than one mile offshore from NPR-A, in 2016 to hold more than 1 billion barrels of oil. Another oil discovery in the Torok Formation was announced in 2015 at the Cassin prospect in NPR-A, not far from the Willow discovery. No plans for additional
ExxonMobil Announces Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to 6,450 meters
Faroe Islands Looks to Restart Hunt for Oil and Gas
region. "Only nine wells have been drilled in a huge area and big discoveries have been made in the Shetlands, so if you look at where there could be some big undiscovered findings, the possibility is greatest in our area," he said. In March, Hurricane Energy announced an oil discovery in the Halifax well in the West Shetland region, which it said could be Britain's largest undeveloped oil find. BP started production at the Quad 204 project in the West Shetland region in May after a $5.7 billion redevelopment, one of the largest such projects there in recent years
Statoil: Sizeable Oil Finds in North Sea Still Possible
decades, a senior company executive said on Tuesday. The search for oil and gas has been hit by energy firms' reduced spending, triggered by a slump in crude prices since mid-2014, yet the oil major still sees a large potential. "We believe there is at least another 500 million barrels oil discovery to be made in the North Sea, definitely," Statoil's exploration chief for Norway and Britain, Jez Averty, told an oil industry conference. He later told Reuters that such a discovery was more likely in the Norwegian part of the North Sea, rather than the British one, as the Norwegian
ExxonMobil Announces Oil Discovery Offshore Nigeria
Exxon Mobil Corporation announced a discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on September 23, encountered about 140 meters of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 157 meters of oil-bearing sandstone reservoir. “We are encouraged by the results and will work with our partners and the government on future development plans,” said Stephen M. Greenlee, president of
February 2024
