Technical Report Focuses on Offshore E&P Safety-Related Data
SPE released a new technical report last month, “Assessing the Processes, Tools, and Value of Sharing and Learning from Offshore E&P Safety-Related Data” (SPE-182847-TR).
The report was written by a steering committee of subject matter experts (SMEs) with industry input from an SPE summit held April 2016 in Houston as well as members from SPE online communities. The report is based on discussions and conclusions from the summit and is intended to provide guidance on an industry-wide safety management data sharing program. The overall objective of the effort is to: a) eliminate or reduce risk of harm through industry sharing of data; b) to generate information that builds knowledge, understanding, and ownership; and c) to disseminate recommended corrective actions to prevent a reoccurrence. It was approved by the SPE Board of Directors in September 2016.
A New Offshore Investment Cycle Is in the Making
The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
Equinor Plans Extension of Statfjord Field
The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.
Senegal Approves Woodside’s Sangomar Project
The approval clears the way for final investment decision on the offshore project, which includes a standalone FPSO expected to have a production capacity of 100,000 B/D. First oil is targeted for 2023.
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