Production News

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Gazprom Neft has met annual production targets at its Prirazlomnaya offshore platform (the first and, thus far, the only project on the Russian Arctic Shelf at which commercial hydrocarbon production is currently ongoing), with a total 2,154,000 tonnes of “ARCO” (Arctic Oil) being produced at the Prirazlomnoye field in 2016 — an over 2.5-fold increase on 2015 volumes, which saw 800,000 tonnes of oil despatched to customers in North West Europe.

1 Billion Barrels Produced At Valhall

Aker BP - 04 January 2017
Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982.
MODEC, Inc. (“MODEC”) announced today that the FPSO Cidade de Caraguatatuba MV27 (“the FPSO”), deployed for operation in the Lapa oil field (formerly Carioca oil field) in the “pre-salt” region of the Santos Basin off the coast of Brazil, has achieved the First Oil production on December 19, 2016.
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah.
With the launch of GE’s Power Services (NYSE: GE) new Remote Monitoring and Diagnostics (M&D) Center today in Kuala Lumpur, Malaysia, more than 200 gas and steam turbines, boilers and generators in over 70 power plants in more than 10 countries across the region will gain access to remote M&D services that help increase plant performance through data analytics.
With consumer spending on the rise, U.S. businesses need greater reliability and visibility from the supply chain to maintain their edge in an increasingly competitive marketplace.
Around the world, challenges to meet increasing demands for energy while reducing the adverse impacts on the environment—as well as costs—are constantly being addressed. In the Philippines, “greener” energy is being produced with innovations to help reduce its environmental impacts—such as waste-to-energy—with the help of more efficient and reliable gas engine technologies like those from global solutions provider GE (NYSE: GE).
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) has reached commercial production at Long Canyon, a higher grade oxide mine in an emerging gold district located less than 100 miles from its existing Nevada operations.
Aker BP announces the start-up of production from Viper-Kobra, which is tied back to the Alvheim FPSO. The project is developed on time and within budget.
Chevron North Sea Limited today announced it has started production at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea.
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