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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Wind-powered Oil Recovery Project Green-lighted

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered

Barge Master Wins Innovation Award at OTC

The Barge Master T40 motion compensated knuckle boom crane has been recognized for technological innovation, winning the Spotlight on New Technology Small Business

Keppel Acquires LeTourneau

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0728 sec (14 req/sec)