Oil megaprojects/2007

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Please improve this article if you can. (December 2007)

This page summarizes projects that brought more than 20,000 barrels/day of new liquid fuel capacity to market with the first production of fuel beginning in 2007. This is part of the Wikipedia summary of Oil Megaprojects -- see that page for further details -- and is maintained by the Oil Megaprojects task force.

[edit] Quick Links to Other Years

Overview 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

[edit] Detailed Project Table for 2007

Terminology

  • Year Startup: year of first oil. put specific date if available.
  • Operator: company undertaking the project.
  • Area: onshore (LAND), offshore (OFF), offshore deep water (ODW), tar sands (TAR).
  • Type: liquid category (i.e. Natural Gas Liquids, Natural gas condensate, Crude oil)
  • Grade: oil quality (light, medium, heavy, sour) or API gravity
  • 2P resvs: 2P (proven + probable) oil reserves in giga barrels (Gb).
  • GOR: The ratio of produced gas to produced oil, commonly abbreviated GOR[1].
  • Peak year: year of the production plateau/peak.
  • Peak: maximum production expected (thousand barrels/day).
  • Discovery: year of discovery.
  • Capital investment: expected capital cost; FID (Final Investment Decision) - If no FID, then normally no project development contracts can be awarded. For many projects, a FEED stage (Front End Engineering Design) precedes the FID.
  • Notes: comments about the project (footnotes).
  • Ref: list of sources.
2007 gross new supply addition (updated 29/12/2007)
2007 gross new supply addition (updated 29/12/2007)
Country Project Name Year startup Operator Area Type Grade 2P resvs GOR Peak Year Peak Discovery Capital Inv. Notes Ref
OPEC
Angola Block 18 Greater Plutonio (Galio; Cromio; Paladio; Plutonio) 10/2007 BP ODW Crude Medium 0.750 2008 240 1998-2001 [2][3][4]
Angola Block 15 Marimba North 10/2007 ExxonMobil ODW 40 [5]
Angola Block 17 Rosa 6/2007 Total ODW Crude 0.370 150 1998 [6][7]
Indonesia Kerisi; Hiu; North Belut 12/2007 ConocoPhillips OFF Condensate 2010 40 [8][9][10]
Indonesia Oyong 9/2007 Santos OFF Crude Light 10 [11]
Iran Salman; Forouzan; Doroud Exp 2007 Total Crude Medium 200 [12][13]
Iran South Pars phase 6-7-8 12/2007 Statoil OFF Condensate Light 120 [14][15]
Kuwait Burgan Maint (GC14 Upgrade) 2007 KOC Crude 60 [16][17][18][19]
Libya Al Jurf Exp 2007.5 Total Crude 10 [20]
Qatar Dolphin; Al Khalij 7/2007 QP/Total Condensate 2009 100 [21][22][23]
Qatar Dolphin; Al Khalij 7/2007 QP/Total NGL 2009 80 [22][21][23]
Non-OPEC
Australia Puffin 10/2007 AED OFF Crude 0.05 2008 35 [24][25]
Australia Stybarrow 11/2007 BHP Billiton ODW Crude 0.06-0.09 2008 80 2003 $A760m [26]
Brazil Espadarte Sul MV14 1/2007 Petrobras ODW Crude 100 [27][28][29]
Brazil Roncador P-52 11/2007 Petrobras ODW Crude 18 API 2009 180 1996 [27][30][31][32]
Brazil Roncador Mod 2 P-54 12/2007 Petrobras ODW Crude 18 API 2008 180 1996 [27][30][33][34]
Brazil Cavala Phase 1 2007 El Paso Natural Gas OFF Crude 0.05 2009 13
Brazil Golfinho Mod 2 (Cidade de Vitoria) 11/2007 Petrobras ODW Crude Light 100 2003 [35][27]
Brazil Piranema 10/2007 Petrobras ODW Crude 44 API 0.032 2009 25 [36]
Brazil Polvo 7/2007 Devon OFF Crude 19 API 2008 50 2004 $300 mln [27][37]

[38] [39] [40] [41] [42]
Canada MacKay River 2007 Petro-Canada Synthetic crude 24 [43]
Canada Jackfish 2007 Devon Energy Land Crude Heavy 600 2011 70 $400 mln [44]

[45] [46]
Canada Surmont 2007 ConocoPhillips LAND Bitumen Tar Sands 2012 100 [47][48]
Canada Long Lake Upgrader (Phase 1) 2007 OPTI /Nexen LAND Bitumen Tar Sands 72 Mining, Upgrading, in construction [49]
China Peng Lai Phase II 11/2007 Conoco Phillips OFF Crude 0.850 165 1999 [50][51][52][53]
Kazakhstan Tengiz Phase I SGI/SGP Exp 11/2007 Chevron LAND Crude 3.300 2009 285 1979 [54][55]
Malaysia Kikeh 8/2007 Murphy ODW 0.400 2008 120 [56][57]

[58] [59] [60]
New Zealand Tui 7/2007 AWE 0.042 2007 40 [61]
Norway Ormen Lange 9/2007 StatoilHydro NGL 50 [62]
Norway Statfjord LL Exp 2007.5 StatoilHydro 70 [8]
UK Blane; Enoch 7/2007 Talisman Crude 0.040 2008 30 [63][64]
UK Brenda; Nicol 6/2007 Oilexco OFF Crude 30 [65]
UK Buzzard 1/2007 Nexen Crude 0.550 2007 200 [66]
UK Tweedsmuir 5/2007 Talisman Crude 2008 45 1983 [67]
USA Atlantis 10/2007 BP ODW 0.770 200 1998 [68]

[edit] References

  1. ^ Oilfield Glossary.
  2. ^ Angola - Oil and Gas: Crude Petroleum and Natural Gas Extraction.
  3. ^ BP Uses Parker Instrumentation Fittings for Greater Plutonio.
  4. ^ Production begins at Greater Plutonio
  5. ^ ExxonMobil Announces Startup of Marimba North Project Offshore Angola, ExxonMobil, October 25, 2007.
  6. ^ "Total's Contibution to Sustainable Development, Total, February 15, 2007". 
  7. ^ "Project News - Production begins in Rosa Field Offshore Angola, Cable Directory, July 2, 2007". 
  8. ^ a b "Bear Stearns Global Oil & Gas Conference, ConocoPhillips, March 15, 2007". 
  9. ^ "ConocoPhillips is racing in Block B, Upstreamonline, December 2, 2005". 
  10. ^ "ConocoPhillips Mulai Produksi Lapangan Kerisi, Bulletin Bisnis, December 21, 2007". 
  11. ^ Santos starts oil production at Oyong, OilGasCoal, September 24, 2007.
  12. ^ Iran: Selected Upstream Projects, OPEC, viewed November 28, 2007.
  13. ^ "Iran: An Oil Producer in Trouble, Oil and Energy Trends, viewed December 6, 2007". 
  14. ^ Countdown to SP Phase 6 platform function, Tehran Times, November 26, 2007.
  15. ^ Ferdowsi field holds over 30b barrels of in-place crude: minister, Tehran Times, December 15, 2007.
  16. ^ "OPEC Upstream Capacity Expansion List: Kuwait". 
  17. ^ "Kuwait Oil Field, World's Second Largest, 'Exhausted', Energy Bulletin, November 15, 2005". 
  18. ^ "Kuwait Profiles of the Producing fields in Kuwait and in the Divided Zone, Goliath Business Knowledge on Demand, May 30, 2005". 
  19. ^ "Gathering Centres in KOC Oil Fields, Kuwait Oil Company, viewed December 17, 2007". 
  20. ^ "Total sets Al Jurf bid race, Upstreamonline, August 9, 2007". 
  21. ^ a b "Qatar: Selected Upstream Projects, OPEC, viewed 14 December 2007". 
  22. ^ a b "The Dolphin Gas Project Starts Production, Total, July 10, 2007". 
  23. ^ a b "Qatar Petroleum and Dolphin Energy Sign Final Development Plan for Dolphin Gas Project, Gulf Oil & Gas, December 11, 2003". 
  24. ^ "Annual Report 30 June 2007, AED". 
  25. ^ "AED opens Puffin taps, Upstreamonline, October 8, 2007". 
  26. ^ BHP Billiton Announces First Oil Production From Stybarrow Development Off Western Australia, BHP Billiton, 11/19/07, <http://www.bhpbilliton.com/bb/investorsMedia/news/2007/bhpBillitonAnnouncesFirstOilProductionFromStybarrowDevelopmentOffWesternAustralia.jsp> 
  27. ^ a b c d e "TABLE - New oil and gas production in the Americas, Reuters UK, February 23, 2007". 
  28. ^ "Modec FPSO Achieves First Oil in Campos Basin, RIGZONE, January 24, 2007". 
  29. ^ "Petrobras hits domestic production record, Energy Current, December 27, 2007". 
  30. ^ a b Business Plan 2006-2010, PETROBAS, 2005, <http://www2.petrobras.com.br/ri/ing/ApresentacoesEventos/ConfTelefonicas/pdf/Plano_Negocios_2006-2010_ING.pdf> 
  31. ^ "Monthly Oil Market Report, OPEC, November 15, 2007". 
  32. ^ "Main Petrobras Projects in the Growth Acceleration Plan (GAP), Petrobras, January 23, 2007". 
  33. ^ "Monthly Oil Market Report, OPEC, November 15, 2007". 
  34. ^ "Main Petrobras Projects in the Growth Acceleration Plan (GAP), Petrobras, January 23, 2007". 
  35. ^ Golfinho II.
  36. ^ Petrobras starts output at small light oil field, Reuters, October 11, 2007.
  37. ^ Devon Energy Third Quarter Report 2007, viewed 27 November 2007.
  38. ^ "2003 Annual report". 
  39. ^ "2004 Annual report". 
  40. ^ "2005 Annual report". 
  41. ^ "Devon Begins Production at Polvo Field Offshore Brazil". 
  42. ^ "Devon pushes Polvo development at record pace for Brazil". 
  43. ^ http://www.petro-canada.ca/en/about/656.aspx
  44. ^ "Bank of America 200y Energy conf". 
  45. ^ "2004 Annual report". 
  46. ^ "2005 Annual report". 
  47. ^ "Gearing Up, Oilweek, April 2005, viewed 12/9/07". 
  48. ^ "Total Annual Report 2006, viewed 12/9/07". 
  49. ^ Canada's Oil Sands - Opportunities and Challenges to 2015: An Update, NEB, <http://www.neb-one.gc.ca/clf-nsi/rnrgynfmtn/nrgyrprt/lsnd/pprtntsndchllngs20152006/pprtntsndchllngs20152006-eng.pdf> 
  50. ^ "China's newly found oilfield boasts reserve of 7.35 bln barrels(05/04/07)". 
  51. ^ "Cnooc Aims for Bohai Bay to be China's 2nd Largest Oil Field". 
  52. ^ "Economic recovery improves outlook". 
  53. ^ "JP Morgan Chase keeps CNOOC overweight on high oil price, Trading Markets, December 13, 2007". 
  54. ^ "Exxon Mobil Form 8K, EDGAR Online, March 23, 2007". 
  55. ^ "Q3 2007 Chevron Earnings Conference Call, Chevron, November 2, 2007". 
  56. ^ PETRONAS New Oil And Gas Terminal To Be Built In Kimanis. Malaysian National News Agency. Retrieved on 2007-11-25.
  57. ^ Shell Malaysia makes oil discovery. Alexander's Gas & Oil Connections. Retrieved on 2007-11-25.
  58. ^ "Merrill Lynch Global Energy Conf., Nov 2007". 
  59. ^ "FBR Capital Markets Investor Conf., Nov 2007". 
  60. ^ "Murphy Begins Production from Deepwater Kikeh Field". 
  61. ^ "Record Oil Production from Tui, Australian Stock Exchange, November 27, 2007". 
  62. ^ "FACTBOX-Norway's Ormen Lange gas field comes on stream, Reuters UK, September 13, 2007". 
  63. ^ "ROC's Net Production, ROC Oil, viewed December 10, 2007". 
  64. ^ "UK and Norwegian Governments Approve Development of Blane and Enoch Fields in the North Sea, ROC Oil, viewed December 10, 2007". 
  65. ^ "Oilexco Announces Second Quarter Results, Yahoo Finance, August 13, 2007". 
  66. ^ "First oil from Buzzard field in UK North Sea, BG Group UK, January 8, 2007". 
  67. ^ "UPDATE 2-Talisman starts North Sea oil field, wind turbine, Reuters, May 8, 2007". 
  68. ^ "BHP BILLITON QUARTERLY REPORT ON EXPLORATION AND DEVELOPMENT ACTIVITIES QUARTER ENDED 30 SEPTEMBER 2007, BHPBilliton".