2018 Offshore Technology Yearbook

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2018 OFFSHORE TECHNOLOGY YEARBOOK | KEY PLAYERS 16 | December 2017 | West Africa and U.S. Gulf of Mexico. Noble is look- ing to replicate the company's offshore success in the Atlantic Basin and elsewhere in the Mediterra- nean Sea and GoM, and it holds offshore explora- tion licenses in Suriname, Gabon, Newfoundland, and the Falkland Islands. Noble Energy's year-end 2016 proved reserves totaled 1.44 Bboe. In September 2017, the company raised full-year estimated sales volumes to between 342 and 352 MBoe/d, proforma for asset divest- ments executed earlier in the year, while main- taining 2017 capex estimates of between $2.3 and $2.6 billion, excluding Noble Midstream Partners funded expenditures. In the Eastern Mediterranean, Noble Energy's Tamar Platform now fuels more than 60% of Israel's power generation. The company is moving forward with the Leviathan natural gas project offshore Israel, and sanctioned the first phase in February 2017 with first gas targeted for year-end 2019. Ini- tial proved reserves associated with the first phase of development were booked at about 550 MMboe net, a boost of more than 35% to Noble's total reserves at the end of 2016. Noble is also working to finalize the development plan for its Aphrodite discovery offshore the Republic of Cyprus in the Eastern Mediterranean. The company had 991 Bcm (35 Tcf) of discovered gross resources in the Eastern Mediterranean at year-end 2016. Noble Energy currently has eight producing fields in the deepwa- ter Gulf of Mexico, where Gunflint came online in mid-2016. In the sec- ond quarter of 2017, the company saw strong performance from its Big Bend, Dantzle, and Gunflint fields. The company operates the Alen Platform and Aseng FPSO offshore Equatorial Guinea and is a part- ner in the Alba Field. The govern- ments of Equatorial Guinea and Cameroon signed a memorandum of understanding in 2017 confirm- ing the Yolanda discovery in Block I offshore Equatorial Guinea and the Yoyo discovery offshore Cameroon are in a contiguous reservoir that they plan to jointly develop as the Yoyo-Yolanda condensate gas field with Noble Energy as the operator. Oil and Natural Gas Corp. • Largest producer of oil and gas in India • Ranked world's No. 1 E&P company by Platts Oil and Natural Gas Corp. (ONGC) is a state- owned oil company in India, the largest pro- ducer of crude oil and natural gas in the country, accounting for 72% of India's domestic oil and gas production. The company employs more than 33,900 people. The Platts 2016 Global Energy Companies Standings ranked ONGC as the world's No.1 E&P company. ONGC made 23 new discoveries in fiscal year 2017 with 10 of those in offshore wells. Two dis- coveries in the Kutch and Saurashtra basins off- shore India have helped lead ONGC to upgrade the basins to Category 1 (producing) basins through fast track monetization. A discovery offshore KG Basin indicates potential for syn rift/deeper play in the shallow water of India's east coast. ONGC Videsh Ltd., ONGC's wholly owned subsidiary, operates in 18 countries, participat- Noble Energy's Tamar platform fuels more than 60% of Israel's power gener- ation, and the company is tar- geting first gas from its Levia- than project by year-end 2019. (Photo cour- tesy of Noble Energy)

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