industryterm:oil discovery

Shell Gives North Sea Shot in Arm With Field Redevelopment - Bloomberg
▻https://www.bloomberg.com/news/articles/2018-01-15/shell-gives-north-sea-operations-shot-in-arm-at-penguins-field

Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil and gas field.

The Anglo-Dutch oil major will build a floating production, storage and offloading vessel — its first new manned installation in almost three decades — to take output from eight wells it plans to drill. Peak production will be the equivalent of 45,000 barrels a day, with a break-even price of less than $40 a barrel, Shell said on Monday.

“It is another example of how we are unlocking development opportunities, with lower costs, in support of Shell’s transformation into a world class investment case,” Andy Brown, Shell’s upstream director, said in a statement.

Penguins, a joint venture between Shell and Exxon Mobil Corp., is already operational after first being developed in 2002. Oil from the field — about 150 miles (240 kilometers) northeast of the Shetland Islands — will be transported by tanker to refineries, while the gas will be sent by a pipeline to the St. Fergus terminal in Scotland.

#Penguins_Oil_Field

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carte issue d’un article sur le démantèlement du champ #Brent …
▻https://www.offshore-technology.com/projects/brent-field-decommissioning-north-sea

Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights - Bloomberg
▻http://www.bloomberg.com/news/articles/2016-05-10/big-oil-abandons-2-5-billion-in-u-s-arctic-drilling-rights

Drillers forfeit millions of acres amid slump in oil prices
Royal Dutch Shell still holding on to one lease in Chukchi Sea

After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell Plc, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.

The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to cut spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.

The U.S. Arctic is estimated to hold 27 billion barrels of oil and 132 trillion cubic feet of natural gas, but energy companies have struggled to tap resources buried below icy waters at the top of the globe.

Shell last year ended a nearly $8 billion, mishap-marred quest for Arctic crude after disappointing results from a test well in the Chukchi Sea. Shell decided the risk is not worth it for now, and other companies have likely come to the same conclusion, said Peter Kiernan, the lead energy analyst at The Economist Intelligence Unit.
“Arctic exploration has been put back several years, given the low oil price environment, the significant cost involved in exploration and the environmental risks that it entails,” he said.

All told, companies have relinquished 2.2 million acres of drilling rights in the Chukchi Sea — nearly 80 percent of the leases they bought from the U.S. government in a 2008 auction. Oil companies spent more than $2.6 billion snapping up 2.8 million acres in the Chukchi Sea during that sale, on top of previous purchases in the Beaufort Sea.

Shell relinquished 274 Chukchi leases and others in the neighboring Beaufort Sea. In doing so, the company forfeits what it paid the U.S government for the rights to drill in those tracts — and the millions of dollars it spent on annual rent since then.

“These actions are consistent with our earlier decision not to explore offshore Alaska for the foreseeable future,” Shell spokesman Curtis Smith said by e-mail. The decision also reflects the high costs of operating off Alaska’s northern coast and evolving regulatory standards, Smith said.

#Arctique #Mer_des_Tchouktches #Mer_de_Beaufort

Réactivation probable de la dispute territoriale entre le Venezuela et la Guyana. (article du 20/05/2015)

ExxonMobil Announces Significant Oil Discovery Offshore Guyana | Guyana Graphic
▻http://www.guyanagraphic.com/business/exxonmobil-announces-significant-oil-discovery-offshore-guyana

Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.
The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. Stabroek Block is 6.6 million acres (26,800 square kilometers).
“I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company. “Over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.”

Et donc, comme il y a deux ans (c’était sur le bloc #Roraima et la compagnie Anadarko)
▻http://seenthis.net/messages/184134

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Kazakhstan: Kashagan Oil Soon to Flow | EurasiaNet.org

►http://www.eurasianet.org/node/66055
October 16, 2012

In the Caspian Sea’s choppy waters off western Kazakhstan’s coast, D-Day is approaching on a man-made mound called D Island. It is the nerve center of the Kashagan field, the world’s biggest oil discovery in decades.

D Island — a futuristic splash of fluorescent orange and gleaming silver set against the Caspian’s blue-gray waters — is now gearing up for the historic day when it will start pumping oil. For energy conglomerates wishing to cash in on their investments, and for President Nursultan Nazarbayev’s administration, waiting eagerly — and not always patiently — to reap the benefits of the oil bonanza 70 kilometers off Kazakhstan’s coast, the oil cannot start flowing a moment too soon.

#caspienne #russie #kazakhstan #énergie #pétrole