condensate
New players to bid against BP, ExxonMobil, Shell and Total With the onshore concessions expiring in 2014 and the offshore ones coming up in 2018, Abu Dhabi, in the UAE, is to rewrite the terms of its producing fields and offer up fresh prospects. The first oil concessions covering all the Abu Dhabi territory were awarded […]
OMV to replace ExxonMobil in Aasta Hansteen partnership with Statoil and ConocoPhillips Aasta Hansteen field was previously named Luva and is one of the largest field in the Norwegian Continental Shelf (NCS) with a development planned to cost some $5.6 billion (NOK 34 billion) of capital expenditure. Aasta Hansteen is the start of deepwater development in the Norwegian Sea and […]
Gazprom and Novatek to boost Yamal giant fields development The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas and 15 oil, natural gas and condensate fields with approximately: – 16 trillion cubic […]
Definition Condensate is referring to the natural gas liquids (NGLs) contained in the raw gas. Comments The raw gas or gas is made of natural gas (methane) and condensate. When the gas is produced from the reservoir it contains roughly 80%-95% methane and 20%-5% condensate. These condensate or natural gas liquids (NGLs) are mainly ethane, ethylene, […]
EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]
