Ziff Completes New Study

Thursday, July 02, 2009

Ziff Energy Group has completed the 7th edition of its Gulf of Mexico Deepwater Improving Field Performance (IFP) study, which evaluated pre-hurricane 2008 & 2007 operating costs for more than two dozen producing Deepwater assets. Participants included Deepwater operators, who collectively account for 1.1 million barrels of oil equivalent per day (MMBOE/d) produced in the Deepwater region of the Gulf of Mexico.

Ziff Energy’s study focuses on offshore fields located in greater than 1,000 ft. of water depth, which encompass the various development systems currently being used in the Deepwater Gulf of Mexico: Floating systems (including TLPs, Spars and Semi-submersibles), Jacket platforms, and Subsea tie-back systems. While hurricanes in 2005 and 2008 impacted production volumes and operating costs, the 12-month period analyzed in the 7th edition study (July 2007 to June 2008) was specifically chosen to avoid hurricane impact.

The 7th Edition analyzes unit operating cost data and features trend analysis on both field and company levels. “Ziff Energy’s database of historical costs in the Deepwater, which goes back to the early fields operating in l998, allows Ziff Energy to examine cost trends over a decade, covering the life cycle of a number of fields. The study analyzes effectiveness of chemical and well servicing programs, boat vs. helicopter strategies, and production optimization,” said Project Leader Tom Gray.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Jackup Rig Delivered to Abu Dhabi’s NDC

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the

Shell Resuming Nigeria EA Oil Production

Royal Dutch Shell said on Thursday it had resumed production of Nigerian EA crude oil and lifted its force majeure on the grade after completing repairs to a mooring platform.

EU Bans Crimea Investment, Targets Oil, Cruise Sectors

Measures take effect on Saturday; aim is to keep pressure on Russia over Ukraine. The European Union banned investment in Crimea on Thursday, halting European

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1502 sec (7 req/sec)