2018 Offshore Technology Yearbook

Issue link:

Contents of this Issue


Page 21 of 55

2018 OFFSHORE TECHNOLOGY YEARBOOK | KEY PLAYERS 20 | December 2017 | the floating facility to play an important role in unlocking gas reserves in remote and stranded fields offshore Malaysia, according to the PFLNG SATU project overview. PETRONAS LNG Train 9 at the PETRONAS LNG Complex in Bintulu, Sarawak, started com- mercial operations during 2017. PETRONAS subsidiary PC Carigali Mexico Operations, in partnership with Ecopetrol, was awarded a shallow-water block in the Mexican Gulf of Mexico's Salina Basin. Block 6 will be operated by PC Carigali Mexico, and each company has a 50% stake. In 2016, PETRONAS gained deepwater blocks 4 and 5 in the Gulf of Mexico in Mexico's first deepwater auction. Shell • Ranked No. 7 on Fortune's Global 500 list • Prelude FLNG facility arrived offshore Australia Royal Dutch Shell oper- ates in more than 70 coun- tries and has about 92,000 employees. The company produces 3.7 MMboe/d, according to 2016 numbers. Shell's income for first- half 2017 was $5.08 billion, a 206% increase over first-half 2016 income of $1.66 billion. Capital investment for first- half 2017 was $11.5 billion; this is down from $65.3 bil- lion in first-half 2016, which included $52.9 billion related to the acquisition of BG Group, according to the sec- ond-quarter results. "The external price envi- ronment and energy sector developments mean we will remain very disciplined, with an absolute focus on the four levers within our control, namely capital efficiency, costs, new project delivery, and divest- ments," CEO Ben van Beurden said in a statement about the second quarter. Shell's Prelude floating LNG facility arrived offshore Western Australia in July. Prelude will serve as a production platform for the Prelude and Concerto fields in the Browse Basin while also liquefying, storing and transferring LNG to carri- ers for the next 20 to 25 years. The facility has a production capacity of at least 5.3 million tonnes per annum of liquids. Shell anticipates seeing cash flow from the Prelude project in 2018, according to a press release. Production started from Stones Field, the world's deepest oil and gas project, in September 2016 in ultradeepwater U.S. Gulf of Mexico (GoM). The water depth is 9,500 ft (2,900 m) and, at peak production, it produces an estimated 50 Mboe/d. The Stones Field currently has two production wells, with six more planned. The Appomattox project is more than 65% com- plete, with first oil anticipated by the end of the decade. The development is in the U.S. GoM and will produce from the Appomattox and Vicksburg fields initially. Average peak production is esti- mated to hit about 175 Mboe/d. The Malikai tension-leg platform started up production in December 2016. (Photo courtesy of Shell)

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks - 2018 Offshore Technology Yearbook