A Barrel Fulll Archive

June 9, 2021 A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corporation today announced it has received a conditional Letter of Award for the future contract valued at approximately $2 billion from Total for the Tilenga project . Formal contract award remains subject to Tilenga Partners approval. The Tilenga project is located in the Lake Albert Basin, Republic of Uganda and is the centerpiece of oil projects projected to bring investments of over $10 billion to Uganda and Tanzania. Tilenga includes six oil fields and will feature 426 oil wells at full production. The consortium will provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oil field that will generate up to 200,000 barrels per day (BPD). It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines. "This is a first step which allows launching the detailed eng...

March 08, 2022 Schlumberger announced today that it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda. The scope of the contract includes the provision of directional drilling services, upper completions, lower completions, artificial lift solutions, and wellheads for the Tilenga development, which comprises six fields with up to 426 wells, which will be developed across 31 wellpads. “The Tilenga project is strategically significant to accelerated economic growth in Uganda. Schlumberger has committed to a comprehensive national content development plan, supporting TotalEnergies with environmental, social, and governance (ESG) initiatives and in-country value creation. This will be achieved through local capacity building, localization of supply chain, education development, HSE stewardship, and digital enablement,” said Wallace Pescarini, president, Offshore Atlantic, Schlumberger...

26 April 2021 Eni has started gas production from the Merakes Project , located in the East Sepinggan block in the Makassar Strait, deep offshore East Kalimantan, Indonesia. The Project is a deep-water gas field development at offshore Kutei Basin, with approximately 1,500 meters water depth. The five deep-water subsea wells will guarantee a production capacity of 450 million standard cubic feet per day (MMSCFD), equivalent to 85,000 barrels of oil equivalent per day (BOED). The field has been connected to the Jangkrik Floating Production Unit (FPU), operated by Eni, at a distance of 45 km from Merakes field, taking advantage of the synergy and optimizing its producing capacity up to 750 MMSCFD together with the gas flowing from the Jangkrik gas field. The gas produced from Merakes is exported through subsea pipelines to the Jangkrik FPU. After being processed the gas is exported to the Onshore Receiving Facility (ORF) in Senipah via the existing Jangkrik export pipelines. Merakes ga...

February 22, 2012 ExxonMobil Exploration and Production Romania Limited (EMEPRL), an affiliate of ExxonMobil Corporation and OMV Petrom SA, the 51% subsidiary of OMV Aktiengesellschaft, today confirmed a potentially significant gas discovery offshore Romania. Operated by ExxonMobil, the Domino-1 well is the first deep water exploration well offshore Romania and has a total depth of more than 3,000 meters below sea level. The Domino-1 well is located in the Neptun Block , 170 kilometers offshore in water approximately 930 meters deep. The exploration well encountered 70.7 meters of net gas pay, resulting in a preliminary estimate for the accumulation ranging from 1.5 to 3 trillion cubic feet (42 to 84 billion cubic meters). Drilling operations started at year-end 2011 and are in the process to be finalized. ExxonMobil and OMV plan new 3D seismic acquisition during 2012. The evaluation of the Domino-1 well results and the new seismic will determine next steps. It is too early in the data...

August 1, 2022 S.N.G.N Romgaz S.A announces completion of the transaction to acquire and the transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the Deep Water Zone of Neptun XIX offshore Block in the Black Sea .  The transaction completed today, August 1, 2022 was conditioned upon fulfilling the conditions precedent provided in the sale purchase agreement concluded on May 3, 2022 between S.N.G.N Romgaz S.A and the Sellers.  All conditions precedent were successfully fulfilled in line with contractual provisions.  S.N.G.N ROMGAZ S.A Chief Executive Officer, Aristotel Jude, stated:  “The successful completion of the transaction is a special accomplishment for Romgaz business portfolio. Neptun Deep Project has an important and strategic significance for Romania for ensuring our country’s energy security,...

January 11, 2023 BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar , Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI customers. The investment for this final expansion phase, which takes place from 2022 to 2025, amounts to $780 million. Including the first and second phases, the investment volume totals around $1 billion, making the MDI expansion project BASF’s largest wholly owned investment in North America. “BASF already ranks among the largest and most forward-looking chemical companies in the United States,” said Michael Heinz, Chairman and Chief Executive Officer, BASF Corporation. “Through this investment, we demonstrate our commitment to meeting the needs of our customers while strengthening our foundation for continued gr...

October 10, 2022 Prairie Energy Partners, a wholly owned company of Southern Rock Energy Partners (www.southernrockenergypartners.com), is working to finalize the location of its proposed $5.56 billion and 423-job next-generation, full conversion crude refinery —with the final two competing sites in Victoria County, Texas and Payne and Lincoln County, Oklahoma. The refinery complex will reduce and eliminate 95% of greenhouse gas emissions (carbon dioxide, carbon monoxide, methane, nitrogen oxide, and sulfur oxide); reduce water production and consumption by 90%, with 80% further recycled and repurposed; and use a reduced footprint of only 400 acres while still producing approximately 91.25 million barrels or 3.8325 billion gallons annually of cleaner transportation fuels including gasoline, diesel, and jet fuel from crudes sourced domestically from the Eagle Ford, Permian, DJ, and Bakken Basins. While most refineries consume natural gas in the process heating units, this proposed facil...

03/29/2018 Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%). "The launch of Timimoun is a new step in the Group’s history in Algeria, where we are a long-term partner. Achieved within the planned budget, the project will contribute to Total’s production growth in 2018, "said Arnaud Breuillac, President of Exploration & Production at Total. Timimoun's gas will be produced with 37 wells connected to a gas processing facility that ties into the GR5 pipeline used to transport gas from fields in southwestern Algeria to Hassi R’mel. Total in Algeria Total’s exploration and production activities in Algeria date back to 1952. In 2017, Total’s production in Algeria averaged 15,000 boe/d, all of it from the Tin Fo...

May 11, 2018 As part of the comprehensive partnership announced in 2017, Total has signed an agreement with Sonatrach to launch the engineering studies for a petrochemical project in Arzew , western Algeria. The project includes a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 tons per year. The project represents an investment of around $1.4 billion by the two partners (Sonatrach 51%, Total 49%), who are planning to start the front-end engineering and design (FEED) this summer, subject to approval by the relevant Algerian regulatory authorities. The facility will valorize propane, produced in large quantities locally, by transforming it into polypropylene, a plastic for which demand is growing strongly. It will supply in priority the local and Mediterranean demand and Total will be responsible for the commercialization of the rest of the production in Europe, where it will leverage its market expertise to the benefit of both ...

March 19 , 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started today the production of oil and natural gas of P-77 , the fourth platform to be put into production in the Búzios field .  Búzios field, in the pre-salt of the Santos Basin, was discovered in 2010 and is the main field under the Transfer of Rights Agreement. The field started production in April 2018 and currently has 4 platforms in production.  In line with Petrobras’ Strategic Plan, P-77 is the third platform to be put into production in 2019, out of four platforms planned for production this year.  With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-77 will contribute to the growth of Petrobras' production in 2019.  The FPSO (floating unit for production, storage and offloading of oil and gas) is located approximately 200 km off the Rio de Janeiro’s state coast, at a water depth of 1,980 meters. The project provide...

February 20, 2019 Petróleo Brasileiro S.A. - Petrobras announces that today it has started the production of oil and natural gas of P-76 , the third platform to enter production in the Búzios field .  With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-76 will contribute to the growth of the companies' production. It is the second platform to start-up in 2019, out of a total of four planned for this year, in line with Petrobras Strategic Plan.  The Búzios field, in the pre-salt of the Santos Basin, was discovered in 2010 and is the main field under the Transfer of Rights Agreement. The field started production in April 2018, and another platform is expected to start-up this year, the P-77.  The FPSO (floating, production, storage and offloading unit of oil and gas) is located approximately 180 km off the coast of the state of Rio de Janeiro, at a water depth of 2,030 meters. The project provides for i...

November 12, 2018  Petróleo Brasileiro SA - Petrobras informs that yesterday it has started the production of oil and natural gas in the Búzios 2 area, in the pre-salt of Santos Basin, by means of platform P-75 , second unit installed in the Búzios field.  The FPSO (floating production, storage, and offloading unit of oil and gas) is located approximately 210 km off the coast of the state of Rio de Janeiro, at a water depth of 2,000 meters.  With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-75 will produce through ten producing wells, also using seven injection wells. Relief vessels will be used to offload the oil production, while gas will be drained by pre-salt pipeline routes.  P-75 is the fourth platform to start production in 2018, after the FPSO Cidade Campos dos Goytacazes in the Tartaruga Verde field, the P-69 in the Lula field and the P-74 in the Búzios field. These platforms, together w...

5th March 2018 The platform vessel P-74 arrived, this Saturday (3/3), at the Búzios field in the Santos Basin pre-salt layer. The forecast is that it starts operating in the first half of this year. This project has a similar design to the others already in operation by Petrobras in the Santos Basin pre-salt and has been incorporating all the company's improvements and experiences. Given its complexity, however, Búzios represents a unique challenge in the oil exploration and production segment. The P-74 is part of the first definitive system that will produce the main area under the Assignment of Rights contract, carried out in 2010. In this way, Búzios, whose commerciality was declared in December 2013, will start operating in less than 8 years after signing the contract. It will be the first of a series of seven platforms scheduled to start operating in Brazil in 2018, aimed at growing the company's production curve within the horizon of the Business and Management Plan (PN...

30/11/2022 Petrobras, following up on the releases disclosed on 09/29/2021, 10/04/2021, 03/04/2022 and 11/24/2022 informs that it concluded today the assignment of 5% of its interest in the Production Sharing Contract of the Surplus Volume of the Transfer of Rights, for the Búzios field , in the pre-salt of Santos Basin, to the partner CNOOC Petroleum Brasil Ltda. The Production Sharing Contract Amendment Term was signed today by the Ministry of Mines and Energy, putting the transaction into effect. The agreement results from the option to purchase an additional portion, exercised by CPBL on 09/29/2021 and the amount related to the transaction was received by Petrobras on 11/24/2022, according to the previous announcement. As of 12/01/2022, Petrobras will hold 85% stakes in the Production Sharing Contract for the Surplus Volume of the Transfer of Rights of the Búzios field, while CPBL will hold 10% and CNODC Brasil Petróleo e Gás Ltda (CNODC), 5%. The stakes in the Búzios Shared Reserv...