Page 32: of Offshore Engineer Magazine (Jan/Feb 2016)

31 33

GLOBAL OFFSHORE MARKET FORECAST

Top projects by expense for 2016

In? eld System’s top 10 highest capex projects

No. 1 – Chevron’s Big Foot currently under development in 2016

Coming in at No. 1 on In? eld System’s list of highest capex projects for 2016 is the

Project US$ millionRegionOperator

Chevron-operated Big Foot ? eld in the 1 Walker Ridge 029 Big Foot 653 US Gulf of MexicoChevron

Walker Ridge block 29, US Gulf of Mexico. 2 Prelude (WA-371-P) 617 Western Australia Shell

According to In? eld Systems data, the supermajor will spend US$653 million on 3 Hebron 538Eastern CanadaExxonMobil the problem beset ? eld in 2016. 4 Ichthys (WA-285-P) 490 Western Australia INPEX

Strong loop currents in the Gulf of 5 Rotan (SB-H) 382 MalaysiaPetronas plagued the ? eld, which originally de- layed Chevron from towing the platform 6 Aasta Hansteen 366 NorwayStatoil to the site. Then, in June, work to install 7 Gindungo (Kaombo 1) (Block 32) 365 Angola Total the Big Foot tension leg platform (TLP) 8 Egina (OML 130 Ex OPL 246) 348 Nigeria Total was suspended after nine of the 16 ten- dons lost buoyancy, in an incident that 9 Johan Sverdrup 293 NorwayStatoil is still under investigation. As of August, 10 Buzios (Phase 3) 277 BrazilPetrobras

Chevron said it does not expect to achieve

Grand Total 4329 ? rst production from Big Foot until 2018.

The seven remaining tendons have 60% interest, along with partners Statoil (27.5%) and Marubeni since been uninstalled and the TLP has been towed back to

Oil & Gas (12.5%), was discovered in 2006, and is estimated

Kiewit Offshore Services’

Chevron’s Big Foot platform to contain total recoverable resources of approximately 200 facility in Ingleside, Texas. being towed to Walker Ridge.

The Big Foot ? eld, which MMboe. It is the sixth deepwater facility in the Gulf of Mexico

Photo from Chevron.

•

Chevron operates with Chevron operates with for Chevron.

Photo from Dockwise.

Chevron’s Big Foot platform being towed from Korea to Texas on Dockwise’s Mighty Servant I vessel.

January 2016 | OE oedigital.com 34 034_OE0116_Feature4_Review.indd 34 12/24/15 1:26 AM