Looking at Offshore Europe's prospects in a global context
Offshore Europe has seen over 30 years of continuous exploration and development activity, culminating in these record numbers: 438 fields in operation, producing about 6.5 million b/d of oil and condensate-about one quarter of the world's offshore oil output-and 20 bcfd of natural gas.
Total Oil completes multiphase pump project in Dunbar field
TotalFinaElf SA unit Total Oil Marine PLC was recently supplied with two variable-speed drive packages to control multiphase pumps on its Dunbar platform in the UK North Sea; the pumps started up in late 1999 (OGJ, Nov. 15, 1999, p. 34).
UK emphasis seen shifting to E&P vs. divestment
The UK upstream sector is in transition from a focus on asset divestment to an emphasis on traditional exploration and production and high-grading portfolios.
Future UKCS development depends on majors, infrastructure
Despite the maturation of the UK Continental Shelf (UKCS), there remain substantial reserve volumes yet to be developed, according to Wood Mackenzie Consultants Ltd., Edinburgh.
Full-bore isolation tool saves N. Sea completion costs
Oil companies in the North Sea have saved operating costs through use of innovative completion equipment such as full-bore isolation valves (FBIVs), placed in the tubing string and used to provide a downhole pressure barrier for suspending wells.
Field maturity, new technology impact development off Norway
Development in Norwegian offshore areas is undergoing a shift from mature areas, which are becoming increasingly marginal, to the new "frontier" areas of Mid-Norway and the Barents Sea.