Oil megaprojects/2006

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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 2006. 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. 2006 saw 30 projects come on stream with an aggregate capacity of 4.092 million barrels/day when full production was reached (which may not have been in 2006).

Contents

[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 2006

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.
2006 gross new supply addition (updated 09/12/2007)
2006 gross new supply addition (updated 09/12/2007)
Country Project Name Year startup Operator Area Type Grade 2P resvs GOR Peak Year Peak Discovery Capital Inv. Notes Ref
OPEC
Algeria In Amenas 6/2006 BP/Statoil LAND Condensate 2007 50 [2]
Indonesia West Seno Ph2 Exp 2006 Chevron ODW Crude 2007 20 1998 [3][4]
Iran Rag e Safid-Bangestan exp 2006 Qeshm Crude Light 2.400 150 [5][6]
Kuwait Minagish Exp (GC 28 EOR) 2006 KOC LAND Crude 3.3 60 [7][8][9][10]
Nigeria AOR-E Delta 2006 ExxonMobil 0.560 120 [11]
Nigeria Erha/Erha North 4/2006 ExxonMobil ODW 0.500 200 [12][11][13]
Nigeria Oron (OML 123) 2006.5 Addax 0.142 2008 70 [14]
Qatar Oryx GTL /Al Seef/Rasgas 5 2006 Sasol/QP/ExxonMobil NGL/GTL 2008 130 [12][15]
Saudi Arabia Haradh III 3/2006 Saudi Aramco Crude Light (API 32) 3-7 300 1951 [16][17][18][19]

[20][21]
UAE Bu Hasa; Sahil Exp 2006 ADNOC 180 [22]
UAE North East BAB Phase1 2006 ADCO Land + Shallow Marine 110 [22]
Non-OPEC
Angola Block 14 BBLT (Benguela-Belize Lobito-Tomboco) 6/2006 Chevron OFF Crude 0.400 2007 200 [23]
Angola Block 17 Dalia (oil field) 12/2006 Total 0.940 225 2007 [12][11][24]
Australia Enfield 7/2006 Woodside 0.127 2006 100 $1,321m Max production reached 70kb/d, declined to 43kb/d by year end. [25][26]
Azerbaijan ACG Ph2 West Azeri 1/2006 BP 2.3 2010 450 [12]
Azerbaijan ACG Ph2 East Azeri 10/2006 BP 5.8 2008 260 [12][27]
Azerbaijan Shah Deniz (Stage 1) 12/2006 BP OFF Condensate 0.800 40 [28][29]
Brazil Albacora Leste (P50) 4/21/2006 Petrobras Crude Heavy 0.534 2007 180 [30][31]
Brazil Golfinho I 5/6/2006 Petrobras Crude Light 0.450 2007 100 [30][31]
Brazil Jubarte 1 Phase 1 (P34) 12/17/2006 Petrobras Crude Heavy 0.600 2007 60 [30][31]
Eq. Guinea Okume Complex 12/2006 Hess 2008 60 [32]
Kazakhstan Tengiz/Korolev expansion 2006 Chevron LAND Crude 6.0 250 [33]
Mauritania Chinguetti 2007 Petronas 0.120 2006 75 2001-2003 $625m Max production 75kb/d declined to 22kb/d by year end. [34][35][36][37][38][39]
Norway Fram East 10/2006 Norsk Hydro OFF 0.061 45 $1,000m [12][11][40]
Sudan Dar Blend (Adar Yale fields) 7/2006 Petrodar Crude API 26 0.276 2007 200 [41][42]
Sudan Thar Jath 6/2006 Petronas LAND Crude 0.250 85 [43][44]
USA Constitution/Ticonderoga 2/2006 Anadarko 70 [45]
USA Nanuq; Fiord (Alpine satellites) 9/2006 Anadarko 2008 35 [46]
Yemen Malik 2006 Calvalley LAND Crude 2009 30 [47][48]

[edit] 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[49].
  • 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.

[edit] References

  1. ^ Oilfield Glossary.
  2. ^ "BP starts production at Algeria's In Amenas gas project, Alexander's Gas & Oil Connections, July 7, 2006". 
  3. ^ "INDONESIA - Chevron - East Kalimantan, Entrepreneur, March 12, 2007". 
  4. ^ "Unocal's stake in Southeast Asia, Asia Times, July 20, 2005". 
  5. ^ "Iran's oil production capacity to rise by 160,000 b/d". 
  6. ^ Iran: Selected Upstream Projects, OPEC, viewed November 28, 2007.
  7. ^ "Kuwait Oil, Energy Information Administration, viewed December 17, 2007". 
  8. ^ "Kuwait, PennWell Petroleum Group, viewed December 17, 2007". 
  9. ^ "Gathering Centres in KOC Oil Fields, Kuwait Oil Company, viewed December 17, 2007". 
  10. ^ "Kuwait: Selected Upstream Projects, OPEC, viewed December 17, 2007". 
  11. ^ a b c d "ExxonMobil Financial and Operating Review, 2006". 
  12. ^ a b c d e f "Exxon Mobil Form 8K, EDGAR Online, March 23, 2007". 
  13. ^ "Royal Dutch Shell plc 2006 Annual Report". 
  14. ^ "Reserves, Production & Development, Addax Petroleum, May 29, 2007". 
  15. ^ "Qatar: Selected Upstream Projects, OPEC, viewed 2 December 2007". 
  16. ^ "Haradh III: A Milestone for Smart Fields". 
  17. ^ "Year in Review - 2003". 
  18. ^ "The Ghawar Oil Field, Saudi Arabia, Accessed 11/27/07". 
  19. ^ "Depletion Levels in Ghawar, Accessed 11/27/07". 
  20. ^ "Ghawar: The Anatomy of the World's Largest Oil Field, Accessed 11/27/07". 
  21. ^ "Projects Timeline, Facts and Figures - 2006, Saudi Aramco". 
  22. ^ a b UAE: Selected Upstream Projects. OPEC.
  23. ^ "Chevron Announces First Oil Production from Lobito Field, Deepwater Block 14, Angola, Chevron, June 26, 2006". 
  24. ^ "Angola Focus, Upstreamonline, July 14, 2006". 
  25. ^ Woodside 2005 Annual Report. Retrieved on 2007-12-14.
  26. ^ Woodside 2006 Annual Report. Retrieved on 2007-12-14.
  27. ^ "BP Annual Report and Accounts 2006". 
  28. ^ "BP hints at deeper reserves at Shah Deniz - Azerbaijan, IHS, April 2, 2007". 
  29. ^ "Lukoil Annual Report for 2006". 
  30. ^ a b c "TABLE - New oil and gas production in the Americas, Reuters UK, February 23, 2007". 
  31. ^ a b c "Petrobras Annual Report 2006". 
  32. ^ "Hess Turns on the Taps at the Okume Complex Offshore Equatorial Guinea, RIGZONE, December 20 2006". 
  33. ^ "CO2 injection gains momentum, Oil & Gas Journal, April 17 2006". 
  34. ^ , <http://www.bg-group.com/international/databook2005_download.htm>. Retrieved on 25 November 2007 
  35. ^ Tiof. Woodside. Retrieved on 2007-11-25.
  36. ^ "Woodside Sells Mauritania Interests to Petronas, RIGZONE, September 27, 2007". 
  37. ^ "Mauritania sets hopes on non-oil growth in 2007, Reuters UK, March 12, 2007". 
  38. ^ "Woodside Petroleum (WPL) $48.20, The Australian Business, November 16, 2007". 
  39. ^ Woodside 2004 Annual Report.
  40. ^ "StatoilHydro Annual Report 2006". 
  41. ^ "Sudan, Energy Information Administration (DOE), April 2007". 
  42. ^ "Sudan's Dar Blend crude debuts to limited audience, Ecosonline (Reuters), August 29, 2006". 
  43. ^ "Peaceful Sudan Set to Be Major Oil Producer, Gulf Oil & Gas, July 7, 2005". 
  44. ^ "Petronas Starts Production from Block 5A in Sudan, Gulf Oil & Gas, June 28, 2006". 
  45. ^ "Kerr McGee Annual Report 2005". 
  46. ^ "Alpine offspring earn their keep, Upstreamonline, September 21, 2006". 
  47. ^ "Calvalley plans to build pipeline in Yemen, Calgary Herald, October 18, 2007". 
  48. ^ "Yemen, Energy Information Administration, October 2007". 
  49. ^ Oilfield Glossary.