Oil Megaprojects (2006) - Detailed Project Table For 2006

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.
  • 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.
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
Indonesia West Seno Ph2 Exp 2006 Chevron ODW Crude 2007 20 1998
Iran Rag e Safid-Bangestan exp 2006 Qeshm Crude Light 2.400 150
Kuwait Minagish Exp (GC 28 EOR) 2006 KOC LAND Crude 3.3 60
Nigeria AOR-E Delta 2006 ExxonMobil 0.560 120
Nigeria Erha/Erha North 4/2006 ExxonMobil ODW 0.500 200
Nigeria Oron (OML 123) 5/2006 Addax 0.142 2008 70
Qatar Oryx GTL /Al Seef/Rasgas 5 2006 Sasol/QP/ExxonMobil NGL/GTL 2008 130
Saudi Arabia Haradh III 3/2006 Saudi Aramco Crude Light (API 32) 3-7 300 1951

UAE Bu Hasa; Sahil Exp 2006 ADNOC 180
UAE North East BAB Phase1 2006 ADCO Land + Shallow Marine 110
Non-OPEC
Angola Block 14 BBLT (Benguela-Belize Lobito-Tomboco) 6/2006 Chevron OFF Crude 0.400 2007 200
Angola Block 17 Dalia (oil field) 12/2006 Total 0.940 225 2007
Australia Enfield 7/2006 Woodside 0.127 2006 100 $1,321m Max production reached 70kbbl/d, declined to 43kbbl/d by year end.
Azerbaijan ACG Ph2 West Azeri 1/2006 BP 2.3 2010 450
Azerbaijan ACG Ph2 East Azeri 10/2006 BP 5.8 2008 260
Azerbaijan Shah Deniz (Stage 1) 12/2006 BP OFF Condensate 0.800 40
Brazil Albacora Leste (P50) 4/21/2006 Petrobras Crude Heavy 0.534 2007 180
Brazil Golfinho I 5/6/2006 Petrobras Crude Light 0.450 2007 100
Brazil Jubarte 1 Phase 1 (P34) 12/17/2006 Petrobras Crude Heavy 0.600 2007 60
Eq. Guinea Okume Complex 12/2006 Hess 2008 60
Kazakhstan Tengiz/Korolev expansion 2006 Chevron LAND Crude 6.0 250
Mauritania Chinguetti 2007 Petronas 0.120 2006 75 2001–2003 $625m Max production 75kbbl/d declined to 22kbbl/d by year end.
Norway Fram East 10/2006 Norsk Hydro OFF 0.061 45 $1,000m
Sudan Dar Blend (Adar Yale oilfield) 7/2006 Petrodar Crude API 26 0.276 2007 200
Sudan Thar Jath 6/2006 Petronas LAND Crude 0.250 85
USA Constitution/Ticonderoga 2/2006 Anadarko 70
USA Nanuq; Fiord (Alpine satellites) 9/2006 Conoco Phillips LAND Crude 0.1 2008 25
Yemen Malik 2006 Calvalley LAND Crude 2009 30

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