The Ora platform brings unprecedented performance in dynamic reservoir characterization.
Norway-based Equinor ASA, formerly Statoil, will be digitizing and maintaining its plants with Aucotec's data-driven, cooperative platform Engineering Base (EB), the company said on Sept. 17.
Daily production at plateau will be about 43,000 barrels of oil equivalent. Utgard’s recoverable resources are estimated at about 40 million barrels of oil equivalent.
Speaking at Offshore Europe, John O’Brien, deepwater focus manager at Chevron, explained how a change in attitude and the adoption of digital technologies is allowing oil and gas majors to become nimbler and less averse to risk.
Flylogix Ltd., the Beyond the Horizon unmanned aircraft company, has launched a North Sea drone initiative in collaboration with oil and gas multinational Total SA, NATS, the U.K.’s leading provider of air traffic navigation services, and the Oil & Gas Technology Centre (OGTC).
Output from the field will start up in October and the company is in the process of issuing a sales tender for crude from the field this week, a senior executive for the company said.
Reuters reported on Sept. 5 that Exxon Mobil had agreed to sell its stakes in around 20 partner-operated fields, two years after selling its operated assets, for up to $4 billion.
The field’s first phase is projected to reach a peak output of 440,000 barrels per day (bbl/d) of oil in summer 2020.
Bidders included oil majors Royal Dutch Shell, ConocoPhillips and Total. Equinor, Aker BP, Lundin Petroleum, DNO and Eni’s Vaar Energi were also on the list.