Production

This pilot unit, using a pioneer high pressure subsea separation technology (HISEP), will separate oil from CO2-rich gas at the bottom of the ocean and reinject the gas directly into the reservoir.

PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has secured the 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.

The project is expected to achieve a peak production of approximately 22,600 bopd in 2025.

The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids.

The Sparta FPU will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 boed.

The FPSO Sepetiba, also known as Mero-2, has an operational capacity of 12 MMcmg and 180,000 bopd.

Natural gas remains a readily available, low-carbon feedstock, providing a 20% reduction in CO2 emissions vs. traditional liquid hydrocarbons. However, it’s critical to optimize operations across your assets’ lifecycle to offset threats of sustainability and energy security. Join World Oil and AspenTech experts as they discuss how innovative digital solutions support end-to-end gas exploration and production, enabling your teams to: • Efficiently delineate and find economical natural gas producing opportunities • Accelerate time to first gas • Lower the environmental footprint of development • Maximize asset utilization by optimizing production Register now to join the conversation! Learn how you can leverage digital solutions to meet the increased demand for natural gas.

An accelerated focus on strategic priorities such as capital stewardship, digitalization, and environmental sustainability is driving significant change in the oil and gas industry. With an upcycle on the horizon and offshore production poised to play a critical role in the overall energy mix, the industry must leverage technological innovation and new ways of working to fully embrace the reinvention of offshore oil and gas production. Electrification of offshore infrastructure opens the way to achieve lower-carbon energy sources, enabling operators to decrease their operational footprint while simultaneously supporting digitalization and reducing environmental impact. Schlumberger Electrification Program Manager for Production Systems Stephane Hiron will discuss how electrification is key to lower-cost, lower-carbon energy production and accomplishing returns-focused performance results.

Historically, the subsea development workflow was sequential, fragmented, and not adaptive to change. That has made it difficult, time consuming, and expensive to manage the changes that are inevitable in the energy industry. OneSubsea Agile Subsea Production Systems—Agile SPS—enhance subsea performance from appraisal through abandonment to mitigate the dynamic risks associated with subsea production system selection, configuration, delivery, and production. And, regardless of your basin’s status, development phase, or current infrastructure, Agile SPS bring optimized performance through its life of field configurability. Agile SPS adapt to dynamic field conditions for the life of the field incorporating a standard platform that starts with a common core and adapts to your requirements with numerous fit-for-purpose functional modules that address technical challenges without affecting the core performance. Discover how Agile SPS offer you the responsiveness, functionality, and certainty that you need to strengthen your business case and optimize economic viability in your basin.

With oil prices hitting decade lows and energy activities downsized during a global pandemic, operators globally are seeking assurance that every spend drives a strong return on investment. Yet many completion and production choices are made in an environment of uncertainty, making technology that can inform well design and operational planning more crucial than ever. Chemical tracers are one such tool. A proven and reliable method of reservoir surveillance, tracer studies have demonstratable value for quickly and accurately adapting field strategies to real-time market needs. Whether a conventional or unconventional field, a properly designed and utilized tracer study has the potential to reduce lifting costs, improve production, and mitigate risk to CAPEX/OPEX spends. In this webinar, industry experts will provide an overview of current tracer technologies, dispel marketing myths, and detail a holistic use of tracers and the value added for multiple case studies across the globe. Application of tracers in hydraulically fractured wells, extended-reach well inflow studies, and flood-driven EOR case studies will all be covered. By the conclusion of this talk, the audience will have a working knowledge of the frontiers of tracer technology as well as an understanding of how this potent, low-risk, and low-cost tool can innovate their current field production plans.