Petroleos de Venezuela is getting ready to start what it’s dubbed “one of the world’s largest drilling projects” in the Orinoco heavy crude belt with investment totaling $3.2 billion even as its president, Eulogio Del Pino, says the global oil market is oversupplied.
“The project involves contracting integrated services for platform construction, drilling, completion and connection of wells for joint ventures Petrocarabobo, Petrovictoria and Petroindependencia located in the belt,” the company said Wednesday, adding that 18 rigs would be available.
PDVSA, as the Caracas-based company is known, will drill 480 wells to add 250,000 bpd of new oil output over the next 30 months, according to an emailed statement. Schlumberger, Horizontal Well Drillers, and Venezuela’s Y&V Group were selected after a worldwide tender, with Halliburton and Baker Hughes providing support for specific project'>project activities.
Del Pino on Monday alluded to the deal and said companies that had previously threatened to reduce activity in the country were now presenting plans to increase output and would be paid once new production started to flow. That same day, he said that oil prices should be around $70/bbl and that global output needed to decline about 10% in order to get there.
National Drilling Company (NDC)属于阿布扎比石油公司(Adnoc),其已开始于阿拉伯联合酋长国(UAE)Sharjah的Hamriyah Free Zone建设技术领先的自升式钻井装置。这使NDC拥有了更多的新海上钻井。NDC总裁Abdalla Saeed Al Suwaidi表示:“NDC建设新自升式钻井装置可帮Adnoc实现资源价值最大化,使用高效有利的技术满足能源市场日益增长的需求,并为阿布扎比未来经济增长做贡献。我们将满足Adnoc短期需求,并制定长期计划。”该大型项目将建设9架世界领先的自升式钻井装置,为合作方及UAE带来利益。
Wärtsilä同Greensmith Energy Management Systems Inc(Greensmith Energy)签订收购合同,以促使其成为全球能源储存市场及能源系统领域的佼佼者。该交易受美国监管部门控制,预计在2017年7月前完成收购并转移公司所有权。Greensmith Energy拥有先进的能源储存及系统集成技术,曾开发出世界领先的能源管理软件系统。该系统名称为GEMS,目前已开发至第5代。
RIO DE JANEIRO -- Petrobras has announced the start-up of the Lula Central production system, with the interconnection of the first production well (8-LL-81D-RJS) to FPSO Cidade de Saquarema, on July 8, and theproduction stabilization at around 30 Mbpd on July 11.
Located in Lula field, Santos basin, off the coast of Rio de Janeiro, this is the tenth large definitive production system operating in the pre-salt layer. The complete scope of the Lula Central project includes 18 wells: 9 production and 9 injection.
FPSO Cidade de Saquarema is capable of processing 150 Mbbl of oil and compressing up to 6 million m3 of gas per day and is anchored at a water depth of 2,120 m. The vessel left the Brasa shipyard in Niterói on May 22 towards the current location, around 300 km off the coast of Rio de Janeiro. It was converted from a very large crude carrier (VLCC) at the CXG shipyard in China. Nine of its modules were manufactured in Brazil, where work was also completed to integrate them with the processing plant.
Lula Central is the second system to start up this year and will contribute to the company’s production growth. This project is part of the company’s efforts to achieve its annual target of 2.145 MMbopd in Brazil.
This system joins the nine already operating in the pre-salt layer of the Santos and Campos basins, which were responsible for record production in the fields operated by Petrobras in this province (1.24 MMboed) and contributed to the company’s record output of oil and gas in Brazil (2.70 MMboed), as reported to the markets yesterday.
Oil fell after its biggest monthly decline in a year as drill rig count expanded for a fifth week to 374, according to Baker Hughes. [Bloomberg]
Saudia Arabia Cuts Oil Price to Asia.
Saudi Aramco lowered pricing terms for Arab Light crude sold to Asia as OPEC rival Iran continues its attempts to regain marketshare.[Bloomberg]
Shell Pipeline Attacked In Niger Delta.
Militants have reportedly attacked an oil pipelineoperated by a local affiliate of Shell in Nigeria. [Reuters]
Trump Supports Local Fracking Bans.
Republican Presidential Nominee Donald Trump says voters should “have a big say” in fracking bans. [LA Times]
Tokyo Gas Aiming To Reduce LNG Costs With Swap Deal.
Japan’s second biggest buyer of LNG is talking with European companies to swap cargoes it owns from the US with those in Asia to reduce costs and shipping time. [Bloomberg]
Libyan Oil Shipments Seek Export Resumption.
After striking a deal with local guards, Libya’s state crude producer is aiming to restart exports from the ports of Ras Lanuf, Es Sider and Zueitina. [Bloomberg]
DNO Bids For Gulf Keystone.
Norway-based DNO ASA made a $300 million bid by for Gulf Keystone, which is working to develop the Shaikan oil fied in northern Iraq. [Oilpro]
Fed To Speed Up Drilling Permits On Federal Lands.
The US Bureau of Land Management is making a bigger push into the 21st century by speeding up permitting for oil and gas drilling on federal land and Native American land by requiring drilling applications to be filed in a new, online system. [Oilpro]
Stricter Regulations in Place for Alaska Offshore Drilling.
Federal officials issued stricter final regulations to govern exploratory oil and natural gas activities off the shore of Alaska. [EOS]
Regulatory Approvals TO Speed Up $3.8B Dakota Access Oil Pipeline.
Construction on a major central Illinois section of a multi-billion-dollar oil pipeline should pick up as final approvals were given earlier this month for the nearly 1,200-mile pipeline. [The State Journal-Register]
Wildfires raging through Alberta have spread to the main oil-sands facilities north of Fort McMurray, knocking out an estimated 1 million barrels of production from Canada’s energy hub. Fire officials say the out-of-control inferno may keep burning for months without significant rainfall.
The blaze, forecast to expand to more than 2,500 square kilometers (965 square miles) in the next few days, made an “unexpected” move to the north Saturday, rapidly encroaching bitumen mining operations run by Suncor Energy Inc. and Syncrude Canada Ltd. The fires may soon cover an area the size of Luxembourg.
The wildfires have led to combined productions cuts of more than 1 million barrels of oil a day, or about 40 percent of the region’s output of 2.5 million barrels, based on IHS Energy estimates. The cuts, and the mass exodus of more than 80,000 people from the fires raging in Fort McMurray, represent another blow to an economy already mired in recession from the oil price collapse.
Syncrude, a joint venture controlled by Suncor, shut down its Aurora mine and Mildred Lake operation about 40 kilometers north of the city and has evacuated about 1,200 workers.
There is no damage to any of the Suncor assets or operations in the Fort McMurray region, spokeswoman Nicole Fisher said. The Calgary-based company is using firebreaks, water sprinklers and pumps to protect the facilities, she said.