Wood Mackenzie comments on Shell's decision to develop PowerNap deepwater project
The decision reflects a broader trend of majors embracing subsea tie-backs that offer quicker paths to first oil and attractive returns, according to Wood Mackenzie.
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The decision reflects a broader trend of majors embracing subsea tie-backs that offer quicker paths to first oil and attractive returns, according to Wood Mackenzie.
The system alleviates the impact of modern, large blowout preventers (BOPs) on legacy wellheads by arresting the motion of the BOP stack via four tethers, which are anchored to the seabed.
The DAV MX™ CircSub was deployed in order to avoid the cost of a dedicated jetting assembly run.
The joint venture, InVision Offshore, Inc., will be based in Houston, Texas, US.
The awarded licences were granted for Block D, located 45 km off the Israeli coast.
The drilling programme for well 25/7-7 relates to the drilling of a wildcat well in production licence 782 S.
The two-year and six month contract will see Halliburton provide drilling and completion services for Petrobras.
The project is expected to start production in late 2021 and produce up to 35 000 boe/d at peak rates.
The permitting work for the Appomattox project, which saw first oil in May 2019, helped define and clarify the safety requirements in BSEE’s recently published high pressure and high temperature related guidance documents.
iSEISMIC plans to use ION’s 4Sea ocean bottom acquisition and imaging technology for seabed surveys.
The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation (EPCI) for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE.
The total cash consideration was US$965 million.