TotalEnergies, in collaboration with its partners, has initiated production at the Akpo West field located on the PML2 license offshore Nigeria. This significant development, situated 135 kilometers off the coast, is integrated with the existing Akpo Floating Production Storage and Offloading (FPSO) facility. The Akpo FPSO, operational since 2009 and producing 124,000 barrels of oil […]
CNOOC Limited, a major player in the oil and gas industry, has officially announced the commencement of production at the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project. Located in the strategically significant Liaodong Bay of the Bohai Sea, this project marks a pivotal moment in offshore oil and gas development, particularly in terms […]
CNOOC Limited has officially announced the commencement of production at the Bozhong 19-6 Condensate Gas Field Phase I Development Project, marking a significant milestone in the region’s energy development. Strategic Location and Production Facilities Situated in the central part of the Bohai Sea, the project operates in waters with an average depth of around 20 […]
ExxonMobil has initiated production at the Payara oil field, Guyana’s third offshore oil development on the Stabroek Block. This major move elevates the total production capacity in Guyana to an impressive 620,000 barrels per day (bpd). Prosperity FPSO: A Leap Forward in Oil Production The company’s third Floating Production, Storage and Offloading (FPSO) vessel, Prosperity, […]
CNOOC Limited, a key player in the global energy sector, has announced the commencement of production at the Penglai 19-3 Oilfield Area 5/10 Development Project. This project, a significant addition to the energy resources in the south-central Bohai Sea, is notable for its strategic location and expected high output. Situated in an area with an […]
China National Offshore Oil Corp (CNOOC) Limited, a renowned Chinese energy company, has officially commenced production at its Enping 18-6 Oilfield Development Project. This strategic move marks a significant milestone for energy extraction in the Pearl River Mouth Basin located in the South China Sea. Technical Details and Projected Outputs Situated at an average water […]
ExxonMobil and its Stabroek Block partner Hess Corporation have reached a final investment decision (FID) regarding the Uaru oil project, which will be developed with an investment of $12.7 billion in Guyana’s territorial waters. The FID decision comes after receiving the required regulatory and government approvals in the South American country. Uaru is the fifth […]
Petrobras has awarded a $3.05 billion order to Sembcorp Marine Rigs & Floaters to build the P-82 floating production, storage, and offloading vessel (P-82 FPSO) that will be deployed in the Búzios field, offshore Brazil. Located in the Santos Basin pre-salt area, the Búzios field is approximately 180km off the coast of the capital city […]
CNOOC said that the Liza Phase II project, the phase 2 development of the Liza oil field in the Stabroek Block in Guyanese waters has started ahead of schedule. Liza Phase II produces with one floating production storage and offloading (FPSO) and 30 subsea wellheads. The FPSO is the second production unit in the Stabroek […]
Qatar Petroleum has forged a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing, a subsidiary of China National Offshore Oil Corporation (CNOOC), for supplying 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The SPA is for a 15-year period, that will come into effect from January […]