Batata 2 Remote Well Pad: Executing Sustainable Development at a Sensitive Amazon Basin Area— Decommission and Abandonment
In Ecuador (circa 2006–07), PetroOriental (operator of Blocks 14 and 17) concluded a large exploration project with the construction of the Batata 2 well pad and the drilling of two exploratory wells, pursuing the confirmation and development of oil reserves identified during the seismic work started in 2003 by EnCanEcuador (subsidiary of EnCana Corporation) in the northern region of Block 14. All this development occurred within the Yasuní National Park, one of the natural areas in South America with the highest biodiversity, and also a traditional land of peoples living in voluntary isolation (the Tagaeri and the Taromenani).
The early planning and execution of this project included the development of a long-term strategy and a set of high-standard social and environmental practices to minimize the company’s exposure to social and environmental liabilities and to guarantee the success of this challenging project. Unfortunately, by the first half of 2007, after drilling the previously mentioned exploratory wells, the prospects were declared noncommercial, triggering the process for decommissioning and restoration of the Batata 2 well pad. The loop was closed, and the success of the project was dimmed by the lack of results.
This paper summarizes some of the most important elements of the project planning and execution of the Batata 2 well pad by means of a retrospective analysis with the intent to identify some of those practices, highlight them, and present them to our colleagues in the industry. We now have many examples of life-cycle applications, which is our contribution to the discussion, because we believe that life-cycle assessment and life-cycle management are closely linked to sustainable development, a journey that the oil and gas industry is just starting to make.
Fugro Awarded Remote Operations Contract
After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded. Fugro is the second company to be awarded work this year on the asset.
Better Abandonment Cost Estimates Yield Improved Project Valuations
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations.
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.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.