2018 Offshore Technology Yearbook

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2018 OFFSHORE TECHNOLOGY YEARBOOK | KEY PLAYERS 14 | December 2017 | from the super-giant Zohr gas field is also expected to start up in 2017. The estimated resource in place for Contractual Area 1 in the Campeche Bay offshore Mexico was raised to more than 1.4 Bboe after Eni successfully drilled the Miztón-2 well. The company plans to start up Phase 1 of the Amoca Field in early 2019. It also was awarded three licenses for Blocks 7, 10 and 14 in the Sureste Basin. Eni launched the Coral South project to develop the resources in the Rovuma Basin off- shore Mozambique, entering the execution phase with the signing of the floating LNG unit and finalizing financing. A discovery of gas and condensates was made in the Gamma Prospect in Contract Area D operated by Eni North Africa BV offshore Libya. Eni gained majority stakes in two exploration blocks, CI-101 and CI-205, in the Tano Basin offshore the Ivory Coast. Norway awarded Eni three licenses includ- ing one with Eni as operator. Exxon Mobil • Ranked No. 10 on Fortune's Global 500 list • Made FID on Phase 1 of Liza Field Exxon Mobil's first-half 2017 earnings increased 110% over the same period in 2016, from $3,510 million to $7,360 million. Capital and exploration expenditures declined from $10,285 million in first-half 2016 to $8,094 million in first-half 2017. The company produced 3.9 MMboe/d during second-quarter 2017. "These solid results across our businesses were driven by higher commodity prices and a continued focus on operations and business fundamentals," Chairman and CEO Darren W. Woods said in a news release. "Our job is to grow long-term value by investing in our integrated portfolio of opportuni- ties that success regardless of market conditions." In June, Exxon Mobil made a final investment decision to move forward with Phase 1 develop- ment of the Liza Field offshore Guyana in the Sta- broek Block, with production expected to begin by 2020. That's less than five years after the field was discovered. Eni awarded key contracts for the devel- opment in late 2016. The FPSO that will serve the field has a production capacity of up to 120 Mbbl/d of oil. The Liza Field could also get a Phase 2 devel- opment, underpinned by the reservoirs encoun- tered by the Liza-4 well second-quarter 2017. Also in the Stabroek Block, Exxon Mobil made an oil discovery in the Turbot-1 well and is plan- ning another Turbot well in 2018. It discovered additional oil in the Payara reservoir in the block as well and made a discovery in the Snoek well. Gross recoverable resources for the Stabroek Block are estimated at 2.25 Bboe to 2.75 Bboe, according to the second-quarter results announcement. Exxon Mobil affiliate Esso Exploration and Production Guyana Ltd. is operator of the block. In the second half of 2016, Exxon Mobil made a significant discovery in the Owowo Field offshore Nigeria and is working with partners and the Nige- rian government to form development plans for the field. INPEX Corp. • Japan's largest oil and gas company • Ichthys Explorer and Ichthys Venturer arrived offshore Australia INPEX is Japan's largest oil and gas company and is involved in about 70 projects across more than 20 countries. The company's operating income for the three months ended June 30, 2017, was 87.2 billion yen ($763.8 million) and its ordinary income was 95.5 billion yen ($836.5 million). The operating income for the same period in 2016 was 70.7 billion yen ($619.3 million) and ordinary income was 60.7 billion yen ($531.7 million). By the early 2020s, INPEX is targeting a net pro- duction volume of 1 MMboe/d, according to the company's medium- to long-term vision. The INPEX-operated Ichthys LNG Project off- shore Western Australia is moving forward, with the offshore arrival of the Ichthys Explorer central processing facility and the Ichthys Venturer FPSO facility. The project is expected to begin production during the fiscal year ending March 31, 2018. The discovery of gas-condensate in the Ichthys Field is

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