crude oil
Statoil, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields are located 5 kilometers from each other at a vertical depth of 1740 meters below sea level at a water depth of 388 meters in the PL532 licence area which was awarded in 2009 in connection with the […]
Definition A Riser is a pipe carrying up the subsea oil and gas from the wellheads on the seabed to the floating unit on the surface. The risers may be used for drilling or production purposes. Comments Drilling risers are categorised into two types: – Marine drilling risers used with subsea blow out preventer (BOP) and generally used […]
With Leviathan Noble turns Israel into gas exporter In 2009, Israel’s exploration partner Noble Energy discovered the Tamar field in the Levantine Basin, some 50 miles west of Israel’s port of Haifa and with an estimated 8.3 tcf (trillion cubic feet) of highest-quality natural gas. Tamar was the world’s largest gas discovery in 2009. Then, […]
Takreer moves on with $10 billion Ruwais Refinery expansion The Abu Dhabi Oil Refinery Company (Takreer) is moving on with its Ruwais refinery expansion in UAE. This refinery expansion will add a capacity of 400,000 b/d crude oil to the actual 417,000 b/d. The Capital expenditure is estimated around $10 billion The refining units should have the following capacities: – 59,800 b/d Unsaturated LPG treatment unit […]
Aramco to develop deep water exploration and production Saudi Aramco plans to produce natural gas this decade off the Red Sea coast to increase domestic supplies to power generation and water desalination plants rising 7 percent a year. The program is designed to ensure to have ample spare capacity to meet underestimated energy demand. Saudi Aramco […]
Definition Proven reserves is an industry term that means oil or gas that has been discovered and could be produced with today’s technology. Comments The world consumes about 89 million barrels of oil per day, or 32.5 billion barrels per year. The industry describes a field as giant if it has more 500 million barrels of […]
Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to have a great impact on […]
Definition FSO is the acronym of Floating Storage and Offloading used to describe the offshore operation between the oil and gas processing and the export to the shore by pipeline or shuttle tankers. Comments Originally, all the offshore platforms used to sit on the seabed, but as exploration and production moved to deeper waters and more […]
