Oil megaprojects (2016) explained
This page summarizes projects that propose to bring more than 20000oilbbl/d of new liquid fuel capacity to market with the first production of fuel beginning in 2016. This is part of the Wikipedia summary of Oil Megaprojects.
Quick links to other years
Detailed list of projects for 2016
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.
Country | Project Name | Year startup | Operator | Area | Type | Grade | 2P resvs | GOR | Peak Year | Peak | Discovery | Capital Inv. | Notes | Ref |
---|
OPEC |
Angola | Kizomba Satellites Phase II | 2016 | ExxonMobil | ODW | Crude | | | | | 125 | | | | [2] |
Angola | Negage | 2016 | Chevron | ODW | Crude | | | | | 75 | | | | |
Angola | Lucapa | 2016 | Chevron | ODW | Crude | | | | | 100 | | | | |
Angola | East Hub project (Cabaca Norte, South-East) | 2016 | Eni | ODW | Crude | | | | | 80 | | | | |
Angola | B31 SE | 2016 | BP | ODW | Crude | | | | | 200 | | | | |
Iran | Azadegan Ph 1 | 2016 | CNPC | Land | Crude | | | | | 75 | | | | [3] |
Iran | South Pars Ph 11 | 2016 | CNPC | Offshore | Crude | | | | | 80 | | | | |
Iran | South Pars Ph 17-18 | 2016 | PetroPars, OIEC, IOEC | Offshore | Crude | | | | | 80 | | | | |
Iran | South Pars Ph 22-23-24 | 2016 | Petro Sina Arian, Sadra | Offshore | Crude | | | | | 77 | | | | |
Iran | Yadavaran Ph 1 | 2016 | Sinopec | LAND | Crude | Heavy | 3.20 | | | 85 | 2000 | | | [4] |
Nigeria | Bonga SW; Aparo | 2016 | Shell | | Crude | Light | 0.600 | | | 225 | 1998/2001 | | | [5] |
Nigeria | Dibi Long-Term Project | 2016 | Chevron | | Crude | | | | | 70 | | | | |
Nigeria | Sonam Field Development | 2016 | Chevron | | Crude | | | | | 30 | | | | |
Nigeria | Bosi | 2016 | ExxonMobil | | Crude | | | | | 140 | | | | |
Nigeria | Erha North Phase 2 | 2016 | ExxonMobil | | Crude | | | | | 60 | | | | |
Nigeria | Satellite Field Development Phase 2 | 2016 | ExxonMobil | | Crude | | | | | 80 | | | | |
Nigeria | Uge | 2016 | ExxonMobil | | Crude | | | | | 110 | | | | |
Nigeria | Bongo North | 2016 | Shell | | Crude | | | | | 100 | | | | |
Nigeria | Usan Future Phases | 2016 | Total | | Crude | | | | | 50 | | | | |
Saudi Arabia | Manifa Ph 2 | 2016 | Saudi Aramco | OFF | Crude | 28 API | 16.820 | | | 300 | 1957 | | | [6] [7] [8] [9] |
Non-OPEC |
Canada | Hebron (Ben Nevis) | 2016 | ExxonMobil | OFF | Crude | Heavy | 0.730 | | | 140 | 1981 | | | [10] [11] [12] |
Canada | Sunrise Ph 3 | 2016 | Husky Energy | | Oil Sands | Bitumen | 1.0-2.2 | | | 0 | | No FID, 50 kbd | SAGD | [13] [14] |
Canada | NAOSC Strathcona Ph 1 | 2016 | StatoilHydro | LAND | Bitumen | Oil Sands | | | | 65 | | | | |
Canada | Gregoire Lake (Phase 1) | 2016 | CNRL | LAND | Bitumen | Oil Sands | | | | 30 | | | In-Situ, Announced | |
Canada | Joslyn Ph 2 | 2016 | CNRL | LAND | Bitumen | Oil Sands | | | | 0 | | | Application No FID 50 kbd | |
Canada | Long Lake Upgrader Ph 3 | 2016 | OPTI /Nexen | LAND | Bitumen | Oil Sands | | | | 0 | | | Mining, Upgrading, No FID, 60 kbd | [15] |
Kazakhstan | Kashagan (Phase 2+, Satellites) | 2016 | ENI | OFF | Crude | 45 API | 7.8 | | 2020 | 850 | 2000 | $136B, No FID | | [16] [17] [18] [19] |
Malaysia | Malikai | 2016 | Shell | ODW | Crude | | | | | 150 | 2004 | | | [20] |
United Kingdom Falkland Islands | Sea Lion | 2016 | Rockhopper | OFF | Crude | | .3556 | | 2016 | 70 | | | | [21] | |
Notes and References
- Web site: Oilfield Glossary.
- News: EIA Algeria overview.
- News: EIA Iran overview.
- News: EIA Iran Country Analysis.
- News: EIA Nigeria Analysis.
- News: Projects Timeline, Facts and Figures - 2006, Saudi Aramco.
- News: Relationship between Giant Field Data and Ultimate Recoverable Oil, Search and Discovery Article #40236, May 12, 2007.
- News: UPDATE 1-Saudi 2009 oil capacity plan on track-official, Reuters UK, January 6, 2008.
- News: Saudi Oil: A Crude Awakening on Supply?, BusinessWeek, July 10, 2008. https://web.archive.org/web/20080713023438/http://www.businessweek.com/bwdaily/dnflash/content/jul2008/db2008079_865368_page_2.htm . dead . July 13, 2008 .
- News: Newfoundland sees new oil era as Hebron proceeds, Reuters, August 20, 2008 . August 20, 2008.
- News: Upstream and Gas, Chevron, March 26, 2008.
- News: Value capture and growth, StatoilHydro, May 2008 . dead . https://web.archive.org/web/20081206160056/http://www.statoilhydro.com/no/InvestorCentre/Presentations/Downloads/Value%20capture%20and%20growth.pdf . December 6, 2008 .
- Web site: Oil Sands . 2007-11-25 . Husky Energy . https://web.archive.org/web/20071030164453/http://www.huskyenergy.ca/operations/oilsands/ . 2007-10-30 . dead .
- News: Canadian Oil Sands Projects - Jan 2008 . 2017-09-10 . https://web.archive.org/web/20081218193526/http://www.scribd.com/doc/1141204/Canadian-Oil-Sands-Projects-Jan-2008- . 2008-12-18 . dead.
- News: Existing and Proposed Canadian Commercial Oil Sands Projects, Strategy West, April 2008.
- News: UPDATE 3-Eni-led group close to giving KMG more of Kashagan, Reuters UK, December 2, 2007.
- News: 2008 Analyst Meeting, ConocoPhillips, March 12, 2008 . May 11, 2008 . https://web.archive.org/web/20081206032923/http://www.conocophillips.com/NR/rdonlyres/7AF41856-1706-49BC-932C-6EF786BB326E/0/2008Analyst_upstream.pdf . December 6, 2008 . dead . mdy-all.
- News: Kashagan development postponed until 2013, The European Weekly, June 23, 2008 . June 25, 2008 . https://web.archive.org/web/20080626183452/http://www.neurope.eu/articles/88124.php . June 26, 2008 . dead . mdy-all.
- News: MATERIAL DEVELOPMENTS RELATING TO THE KASHAGAN FIELD DEVELOPMENT PROJECT, ENI, viewed September 5, 2008.
- News: Malikai Field, February 2011.
- News: Rockhopper revised CPR and corporate update, April 2012.