Field Development

Field Development

Iran’s Petropars to Develop Farzad B Gas Field, Oil Minister Says

Under the deal, the subsidiary of state-run National Iranian Oil Co. (NIOC) will produce 1 billion cubic feet of gas per day (Bcf/d) within five years from the field.

May 17, 2021

Field Development

Australia Hits Oil Producers with Levy to Decommission Abandoned Timor Sea Field

The move, announced in the government’s 2021-22 budget late May 11, came as a surprise as it was not flagged in a proposed new framework for decommissioning rules set out last month.

May 12, 2021

Field Development

CNOOC Begins Gas Production at South China Sea Deepwater Field

The Liuhua 29-2 field is expected to reach peak production of about 41 million cubic feet of natural gas per day in 2021.

May 6, 2021

Field Development

Total Starts Production at Angolan Oil Project

The project includes the drilling of nine wells and is expected to reach production of 40,000 barrels of oil per day by mid-2022, Total said.

May 6, 2021

Field Development

Petrobras Reopens Bidding for Golfinho Oil Fields, Sources Say

Golfinho is one of dozens of legacy production assets that Petrobras is selling to reduce debt and sharpen its focus on the prolific, deepwater presalt formation.

May 5, 2021

Field Development

BHP Reports First Oil Production at Ruby Project in Trinidad and Tobago

The development is expected to produce 16,000 gross barrels of oil per day after completion, the company said in a statement.

May 5, 2021

Field Development

Iraq Considering Buying Exxon Mobil Stake in West Qurna 1 Oil Field

Development of Iraq’s Mansuriya gas field on the coast near the Iranian border is expected to cost $2.1 billion, Iraq's oil minister said.

May 3, 2021

Field Development

BP Begins Gas Production from Third Stage of West Nile Delta Development

The startup is part of the three-phase development of five gas fields.

April 26, 2021

Field Development

Eni Flows Natural Gas at Deepwater Merakes Offshore Indonesia

The deepwater field consists of five subsea wells with a production capacity of 450 million standard cubic feet per day (MMscf/d), Eni said.

April 26, 2021

Field Development

Reliance, BP Start Production at Deepwater Gas Field Offshore India

The Satellite Cluster gas field will produce gas from four reservoirs using a total of five wells, BP said in a news release.

April 26, 2021