Production Platform

Home>Topics>Production Platform
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Magazine Articles
  5. Videos
  1. BP sanctions Mad Dog Phase 2 project in Gulf of Mexico

    BP PLC has sanctioned the Mad Dog Phase 2 project, which will include a floating production platform with the capacity to produce as much as 140,000 b/d of crude oil from as many as 14 production wells. Production is scheduled for late 2021. “This announcement shows that big deepwater projects can still be economic in a low-price environment” provided designed in a smart, cost-effective way, said Bob Dudley, BP Group chief executive officer. In 2013, BP and its partners decided to reevaluate the Mad Dog Phase 2 project after initial design plans proved too costly. BP is the operator with 60.5% working interest. BHP Billiton Ltd. holds 23.9% and Unocal, an affiliate of Chevron USA Inc., holds 15.6%. BHP and Unocal have yet to announce a final investment decision on Mad Dog Phase 2. BP worked with co-owners and contractors to simplify and standardize the earlier platform’s design, reducing the overall project cost by 60%. Plans now call for a $9-billion project, which also includes capacity for water injection. Executives believe Phase 2 can be profitable at or below current oil prices. Mad Dog was discovered in 1998 with production starting in 2005 ( OGJ Online, Jan. 19, 2005 ). Continued appraisal drilling in the field during 2009-11 doubled the resource estimate of Mad Dog field to more than 4 billion boe, which would require another platform. A second Mad Dog platform will be moored 6 miles to the southwest of the existing Mad Dog platform in 4,500 ft of water about 190 miles south of New Orleans. The current Mad Dog platform has the capacity to produce up to 80,000 b/d of oil and 60 MMcfd of natural gas. BP plans to add 800,000 b/d net of new production globally from projects starting up during 2016-20. Contact Paula Dittrickat paulad@ogjonline.com .

    Online Articles

    Online Articles

    Thu, 1 Dec 2016

  2. BP sanctions Mad Dog Phase 2 project

    BP has approved the $9-billion Mad Dog Phase 2 project in the deepwater Gulf of Mexico.

    Online Articles

    Online Articles

    Thu, 1 Dec 2016

  3. Platform damage halts Maari oil production offshore New Zealand

    Production from the Maari oil production platform offshore Taranaki basin in New Zealand has been halted after a 1.4-m crack was found in one of the 12 horizontal struts.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  4. Further delay hits North Sea Stella start-up

    Start-up from the Stella field in the UK central North Sea has been pushed back to early January.

    Online Articles

    Online Articles

    Tue, 29 Nov 2016

  1. Ithaca closing in on first oil from Stella in North Sea

    Online Articles

    Online Articles

    Mon, 14 Nov 2016

  2. Wood Group secures Hibernia EPCM contract

    Hibernia Management and Development Co. Ltd. has awarded Wood Group a five-year contract to provide engineering, procurement, construction, and maintenance services to the Hibernia platform offshore Newfoundland.

    Online Articles

    Online Articles

    Mon, 24 Oct 2016

  3. Kvaerner nears completion of Hebron GBS

    Kvaerner has provided an update on its fabrication programs for projects offshore Eastern Canada and Norway.

    Online Articles

    Online Articles

    Wed, 26 Oct 2016

  4. Gas sales grow from deepwater Tamar field

    Noble Energy’s net gas sales volumes from its fields offshore Israel hit a new record of 313 MMcf/d during 3Q.

    Online Articles

    Online Articles

    Wed, 2 Nov 2016

  5. Report identifies regional bright spots among dulled offshore spend

    Douglas-Westwood said its new 3Q 2016 World Oilfield Equipment (OFE) Market Forecast generally paints an “unattractive picture” for offshore OFE spend through to 2020.

    Online Articles

    Online Articles

    Wed, 9 Nov 2016

  6. Scarabeo 5 to work on Njord wells offshore Norway

    Petroleum Safety Authority Norway has authorized use of the semisubmersible Scarabeo 5 for a program of activities on production wells at the Njord field.

    Online Articles

    Online Articles

    Wed, 9 Nov 2016

  7. Global Maritime to conduct platform technology, safety studies for Statoil

    Statoil has awarded Global Maritime Consultancy & Engineering a master services agreement.

    Online Articles

    Online Articles

    Wed, 19 Oct 2016

  8. Quadrant Energy says Roc-2 appraisal well confirms gas, condensate

    The Quadrant Energy Ltd.-operated Roc-2 appraisal well in the Bedout subbasin offshore Western Australia 160 km north of Port Hedland has produced better-than-expected results during a sustained flow test program.

    Online Articles

    Online Articles

    Wed, 19 Oct 2016

Get More Results