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and has therefore recently farmed out ? eld, with a 65% interest, with partners and Kristin gas export projects. Pro? tability

EPIC 1.2% of its stake to Kansai Electric Nippon Oil (28.9%) and Dyas (6%). will be dependent on new discoveries.

Due to the heavy oil in the ? eld, Statoil

Power, following a similar deal in June to chose to develop it using a production, sell 2.625% to CPC. Once ? nalized, Inpex

Prelude (WA-371-P) drilling and quarters platform based on a will hold 62.245% operatorship, along- steel jacket, tied-back to a ? oating storage side Total (30%), Tokyo Gas (1.575%), The Prelude natural gas ? eld was dis- unit. In? eld Systems expects production

Osaka Gas (1.2%), Chubu Electric Power covered by Shell in 2007 and contains from Mariner to start in 2017. The piled (0.735%) and Toho Gas (0.42%). 3Tcf. It is in the Browse basin, offshore

Western Australia, in 200m water depth. platform is likely to demand a 95.5% share

The ? eld is operated by Shell, with a of this project’s Capex in 2015; almost

Hebron 67.5% stake, along with Inpex (17.5%), 50% of which will relate to its installation,

ExxonMobil’s Hebron oil ? eld in Canada KOGAS (10%) and OPIC (5%).

while the remainder will be invested in the

Top ? ve global offshore projects

The relatively small size of the ? eld and will require the highest level of ? xed procurement and construction of the ? xed currently under development the remote location led Shell to choose platform. A mere 4.5% of Capex is directed (by capital spending) platform expenditure in 2015. The ? eld to invest in one of the world’s ? rst FLNG will be developed using a gravity-based towards the ? oating storage unit, with

Field

Water develop- OperatorCountry facilities. The Prelude FLNG facility is structure, designed to provide produc- capital expenditure on this element of the

Depth-m ment being built at Samsung Heavy Industry’s tion and accommodation facilities. project expected to extend to 2017. Ichthys InpexAustralia 230

Geoje Island shipyard in South Korea. Once

In? eld Systems projects that 41% of

Hebron ExxonMobilCanada 93 complete, it will be 488m-long, 74m-wide,

ExxonMobil’s Capex for projects cur- Neda Djahansouzi is weighing more than 600,000-tonne, and is rently under construction in 2015 is Energy Researcher at

Prelude ShellAustralia 200 expected to produce 3.6mtpa of LNG per likely to be directed towards Hebron, In? eld Systems. She

Aasta

StatoilNorway 1274 annum to meet growing demand in Asia.

revealing the scale of the project. joined the company

Hansteen

The Hebron oil ? eld is 350km offshore As FLNG technology is still in its in March 2014 and is

Mariner StatoilUK 110

Newfoundland in 93m water depth. The infancy, the project is forecast to be responsible for ? eld is estimated to produce 705MM extremely capital intensive. updating In? eld’s

Top 10 offshore ? eld developments under development (by total reserves on stream) bbl and In? eld Systems forecasts ? rst Energy Database and oil by mid-2017. ExxonMobil owns a supporting the Business Strategy and

Water Total

Mariner

Field OperatorCountry Depth - m reserves 36.3% stake in partnership with Chevron Transaction Services department. Neda (26.6%), Suncor Energy (22.7%), Statoil The Mariner heavy oil ? eld is in the holds a ? rst class BSc. (Hons) degree in

South Pars (Phases 13-14) NIOC Iran 65 6489.15 (9.7%) and Nalcor (4.9%). northern section of the UK North Sea and Management with Marketing from the

South Pars (Phases 15-16) NIOC Iran 65 6489.15

Three consortia are currently bidding to in 110m water depth. Statoil operates the Robert Gordon University.in 110m water depth. Statoil operates the Robert Gordon University.

South Pars (Phases 17-18) NIOC Iran 65 6489.15 secure a major topsides integration contract for Hebron’s gravity-based structure. Amec

Qatar North Field Barzan Project

Qatar PetroleumQatar 553128.8636 (Phase 1) has teamed up with Black & McDonald,

The mighty Johan Sverdrup

Wood Group PSN with GJ Cahill, and

Perla (Gas Phase) (Cardon IV Block) Eni Venezuela60 2397.748

Kentz has partnered with Kiewit and

The ? eld, sitting on the Utsira High

A new and exciting chapter has

Point Thomson (Beaufort Sea) ExxonMobil USA Alaska 5 1786.745

Kvaerner, in order to meet the province’s in a mature part of the Norwegian North opened in the history of the stringent local content requirements.

Sea, is the largest offshore oil ? nd in

Arkutun Dagi (Sakhalin 1) ExxonMobilRussia (Sakhalin)351482.132

Norwegian Continental Shelf. Meg

Norway for 30 years. With estimated

Chesshyre reports.

Sihil (Main Phase) Pemex Mexico 70 1395.0358 reserves of 1.8-2.9 billion boe, it has a

Aasta Hansteen

Iracema North (Lula NW) (BM-S-11) Petrobras Brazil 2234 1282.088 production horizon beyond 2050. It is

Due on stream in 2017, Aasta Hansteen tatoil has a tight development pro- expected to produce 550,000 - 650,000

Gorgon Central (WA-2-R) (Greater

Chevron Australia2501253.352

Gorgon Area)

S is the deepest ? eld development on the gram for Johan Sverdrup, targeting boe/d when fully developed,

Norwegian Continental Shelf (NCS) and ? rst production from the giant oil? eld by The impact of this massive project on will use the world’s largest spar platform the end of 2019, with a pre-drilling phase Norwegian industry and society “cannot to be installed at 1274 water depth. The starting in 2018. be exaggerated,” says Statoil’s senior vice

Aasta Hansteen discovery is 295km off- 2016 start-up, with gas to be exported via shore Norway and contains an estimated an 889km subsea pipeline to onshore pro- 1.35Tcf reserves.

The Aasta Hanteen project is currently the cessing facilities in the Northern Territory, most expensive in Europe, due to the rela- while condensate from the ? eld will be tively high cost of the platform and associ- pumped to an FPSO.

ated infrastructure. Consequently, Statoil

In? eld Systems’ forecasts suggest that recently sold part of its stake to Wintershall expenditure, in 2015, on the Ichthys in order to help reduce risk and cost. Statoil ? eld is likely to be 39.5% greater than remain the operator of Aasta Hansteen with any other global ? elds currently under a 51% stake. Wintershall hold a 24% stake, construction. With 92.8% being invested with other partners including OMV (15%) in the ? oating platform facility and the and ConocoPhillips (10%).

remainder directed towards the SPM ele-

Fig. 1: Johan Sverdrup phase 1,

In? eld Systems remains cautious in its ment of the project.

comprised of four bridge-linked pro? tability projections for the project, after

Like most operators, Inpex is looking platforms. Image from Statoil.

the recent shelving of the Zidane, Linnorm to cut the escalating costs of its projects oedigital.com December 2014 | OE 33 032_OE1214_EPIC1.indd 33 11/21/14 6:24 PM