Project Feasibility study
Definition FPSO is the acronym of Floating Production Storage and Offloading. A FPSO unit is a floating vessel used in the oil and gas industry to treat the oil and gas and condensates offshore before their transportation to the land by pipeline or shuttle vessels. Comments The FPSO is a multi-functions vessel for the processing of the oil […]
Doris to work on Maersk Chissonga FEED Maersk Oil (Maersk) , a fully owned subsidiary of A.P. Møller – Mærsk A/S operates the Block 16, which includes the Chissonga discovery. Chissonga is located in the Lower Congo Basin some 138 kilometres offshore Angola in water depths 1,500 meters. In 2011, Maersk Oil acquired the 15% interest […]
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 […]
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, […]
Shell and QP plan $6.5 billion capital expenditure for the Ras Laffan petrochemical complex In 2011, Qatar Petroleum and Shell signed a Heads of Agreement for the Development of a World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar This agreement follows the conclusion of a joint feasibility study conducted by the partners, Qatar Petroleum and Shell. […]
Saudi Arabia to switch on Power Generation from Gas With oil price running steadily around $100 per barrel, the use of crude oil to feed Power Generation appeared more and more as a luxurious solution. Saudi Aramco launched a vast exploration and production campaign to identify all potential gas fields to substitute oil. As a […]
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 […]
Statoil, ExxonMobil and ConocoPhillips rename Luva project into Aasta Hansteen During the concept selection Statoil estimated the development capital expenditure in the Aasta Hansteen field (formerly named Luva) at some $5.6 billion (NOK 34 billion). With a total hull weight of 45,000 ton, a length of 193 meters and a draught of 170 meters, the Aasta […]
