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

Overview200320042005200620072008200920102011201220132014201520162017201820192020

Detailed list of projects for 2016

Terminology

CountryProject NameYear startupOperatorAreaTypeGrade2P resvsGORPeak YearPeakDiscoveryCapital Inv.NotesRef
OPEC
AngolaKizomba Satellites Phase II2016ExxonMobilODWCrude125[2]
AngolaNegage2016ChevronODWCrude75
AngolaLucapa2016ChevronODWCrude100
AngolaEast Hub project (Cabaca Norte, South-East)2016EniODWCrude80
AngolaB31 SE2016BPODWCrude200
IranAzadegan Ph 12016CNPCLandCrude75[3]
IranSouth Pars Ph 112016CNPCOffshoreCrude80
IranSouth Pars Ph 17-182016PetroPars, OIEC, IOECOffshoreCrude80
IranSouth Pars Ph 22-23-242016Petro Sina Arian, SadraOffshoreCrude77
IranYadavaran Ph 12016SinopecLANDCrudeHeavy3.20852000[4]
NigeriaBonga SW; Aparo2016ShellCrude Light0.6002251998/2001[5]
NigeriaDibi Long-Term Project2016ChevronCrude 70
NigeriaSonam Field Development2016ChevronCrude 30
NigeriaBosi2016ExxonMobilCrude 140
NigeriaErha North Phase 22016ExxonMobilCrude 60
NigeriaSatellite Field Development Phase 22016ExxonMobilCrude 80
NigeriaUge2016ExxonMobilCrude 110
NigeriaBongo North2016ShellCrude 100
NigeriaUsan Future Phases2016TotalCrude 50
Saudi ArabiaManifa Ph 22016Saudi AramcoOFFCrude28 API16.8203001957[6] [7] [8] [9]
Non-OPEC
CanadaHebron (Ben Nevis)2016ExxonMobilOFFCrudeHeavy0.7301401981[10] [11] [12]
CanadaSunrise Ph 32016Husky EnergyOil SandsBitumen1.0-2.20No FID, 50 kbdSAGD[13] [14]
CanadaNAOSC Strathcona Ph 12016StatoilHydroLANDBitumenOil Sands65
CanadaGregoire Lake (Phase 1)2016CNRLLANDBitumenOil Sands30In-Situ, Announced
CanadaJoslyn Ph 22016CNRLLANDBitumenOil Sands0Application No FID 50 kbd
CanadaLong Lake Upgrader Ph 32016OPTI /NexenLANDBitumenOil Sands0Mining, Upgrading, No FID, 60 kbd[15]
KazakhstanKashagan (Phase 2+, Satellites)2016ENIOFFCrude45 API7.820208502000$136B, No FID[16] [17] [18] [19]
MalaysiaMalikai2016ShellODWCrude1502004[20]
United Kingdom Falkland IslandsSea Lion2016RockhopperOFFCrude.3556201670[21]

Notes and References

  1. Web site: Oilfield Glossary.
  2. News: EIA Algeria overview.
  3. News: EIA Iran overview.
  4. News: EIA Iran Country Analysis.
  5. News: EIA Nigeria Analysis.
  6. News: Projects Timeline, Facts and Figures - 2006, Saudi Aramco.
  7. News: Relationship between Giant Field Data and Ultimate Recoverable Oil, Search and Discovery Article #40236, May 12, 2007.
  8. News: UPDATE 1-Saudi 2009 oil capacity plan on track-official, Reuters UK, January 6, 2008.
  9. 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 .
  10. News: Newfoundland sees new oil era as Hebron proceeds, Reuters, August 20, 2008 . August 20, 2008.
  11. News: Upstream and Gas, Chevron, March 26, 2008.
  12. 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 .
  13. 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 .
  14. 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.
  15. News: Existing and Proposed Canadian Commercial Oil Sands Projects, Strategy West, April 2008.
  16. News: UPDATE 3-Eni-led group close to giving KMG more of Kashagan, Reuters UK, December 2, 2007.
  17. 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.
  18. 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.
  19. News: MATERIAL DEVELOPMENTS RELATING TO THE KASHAGAN FIELD DEVELOPMENT PROJECT, ENI, viewed September 5, 2008.
  20. News: Malikai Field, February 2011.
  21. News: Rockhopper revised CPR and corporate update, April 2012.