Mako Gas Field Exceeds Hopes: Conrad
Indonesian oil & gas exploration and production company Conrad Petroleum has flowed dry gas from its Tambak-1 well located in the Duyung PSC in the West Natuna Basin, offshore Indonesia.The Tambak-1 well was designed to both appraise the Mako gas field and test the underlying Tambak exploration prospect. Coro Energy plc holds a 15% interest in this project.The drill stem test (DST) flowed dry gas from the intra-Muda sands at a rate of 11.4 MMcf/day on a 181/64-inch (2.8 inches) choke, maintaining a wellhead tubing pressure of 225psi.
Woodside Expands LNG Supply
Australian exploration and production company Woodside has opened a liquefied natural gas (LNG) truck loading facility at its Pluto LNG project in Western Australia (WA), as it looks to develop the domestic LNG market for remote power generation and transport fuels.The Pluto LNG project is located 190km north-west of Karratha in WA, in the Northern Carnarvon Basin. It processes LNG from the Pluto and Xena gas fields, which have total dry gas recoverable reserve volumes of 4.4 trillion cubic feet (tcf) and 0.6tcf respectively.Following the completion of commissioning activities…
BP, Reliance Move Ahead in Deep Water
BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India. The ‘Satellite cluster’ is the second of three projects in the Block KG D6 integrated development. The first of the projects, development of the ‘R-Series’ deep-water gas fields, was sanctioned in June 2017.
Topaz Secures Tengiz Oilfield Contracts
Offshore support vessel company Topaz Energy and Marine has been appointed the technical managers of three vessels by a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan. Under the terms of the agreement, Topaz will act as the technical managers for three newly designed Module Carrying Vessels (MCVs). The vessels will commence work in Q2 2018 for a minimum contract period of a little over two years. The vessels will be transporting oil and gas modules to the Tengiz oil field from transshipment bases in Kazakhstan. The Tengiz oilfield is operated by Tengizchevroil LLP; a Kazakh partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur.
Topaz Secures Kazakhstan Contracts
Topaz Energy and Marine said it has secured contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million. The two contracts bring Topaz’s backlog to approximately $1.6 billion. Under the terms of the main contract awarded by Tengizchevroil (TCO) to a consortium comprising Topaz and Blue Water Shipping A/S, Topaz will commission the construction of 15 Module Carrying Vessels (MCVs).
US to Become a Net Exporter of Natgas by 2017 -EIA
The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation's shale gas production continues to grow, the U.S. Energy Information Administration said on Tuesday in its Annual Energy Outlook. In its 2014 outlook, the EIA forecast the U.S. would become a net exporter of gas before 2020. The EIA said increases in domestic gas production are expected to reduce demand for gas imports from Canada and support growth in exports to Mexico, Asia and Europe. Net gas exports would continue to grow after 2017, with annual net exports reaching 3.0 trillion cubic feet to 13.1 tcf in 2040, the agency said.
SGMF Interviews Members from Dixon Valve & Coupling
The Society for Gas and Marine Fuel (SGMF) recently interviewed members with Sean Andersen and Tony Haston of Dixon Valve & Coupling, who weighed in on their company, its products, operations and place within the marine fuels industry. Dixon Valve & Coupling - who are you and what do you do? What products/services do you provide? Dixon, founded in 1916, is a premier global manufacturer and supplier of hose couplings, valves, dry disconnects, swivels and other fluid transfer and control products. Dixon provides a wide range of products for numerous industries including petroleum exploration, refining, transportation, chemical processing, food and beverage, steel, fire protection, construction, mining and manufacturing. What does Dixon hope to achieve in the next five years?
Statoil: New Compressor Means Heightened Production
The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent and extend the field’s lifetime with eight years. The compressor will help boost recovery rate and accelerate production on the Kvitebjørn field. The new compressor contributes to an increase in the recovery rate at the Kvitebjørn field from 55% to 70%. “These are very profitable barrels, which make a considerable contribution to wealth creation on the Norwegian continental shelf.
DNV GL Initiative For Acceptance Of Ultrasonic Flow Meters For Wet Gas
DNV GL has initiated a joint industry project (JIP) to promote the use of multi-phase ultrasonic flow meters for wet-gas applications. Seven industry partners have committed to the JIP, but it is open for more partners. Currently, multi-phase flow meters and wet-gas flow meters are used for both topside and subsea measurements, enabling operators to improve reservoir modeling and management, optimize production, and manage flow assurance. The output of wet-gas flow meters is also used to determine sales allocation between E&P companies and the royalties payable to the host government.
China Buys into U.S. Energy Market
Chesapeake Energy and CNOOC Limited executed an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the sale will be $1.08 billion in cash at closing, subject to adjustment. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake’s share of drilling and completion costs until an additional $1.08 billion has been paid, which Chesapeake expects to occur by year-end 2012. Closing of the transaction is anticipated in the 2010 fourth quarter.
SEA TECHNOLOGY:Successfull AUV operation Ormen Lange
Norsk Hydro ASA contracted Stolt Offshore to perform AUV seabed charting in the Storegga slide August/September 2002. NUI AS with the AUV NUI Explorer was subcontracted by Stolt Offshore to perform the AUV services. Pushing the exploration and production of oil and gas into ultra-deep water is facing a significant challenge of installing subsea production equipment and transport pipelines in rough and complex seabed terrain. The pipeline systems to bring the oil and gas ashore often have to cross steep escarpments leading to shallower continental shelves. As a result detailed knowledge about seabed conditions becomes a key factor affecting the engineering and construction activities. Identification of the most optimal site and pipeline route means significant lower construction cost.