Quantitative Tools Link Portfolio Management With Use Of Technology

The exploration and production (E&P) business is in the midst of a major transformation from an emphasis on cost-cutting to more diverse portfolio management practices. The industry has found that it is not easy to simultaneously optimize net present value (NPV), return on investment (ROI), and long-term growth. The result has been the adaptation of quantitative business practices that rival their subsurface geological equivalents in sophistication and complexity.

Nov 30th, 1998

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

More in Home

Unite Oil and Gas Operations with Onshore/Offshore Data Replication

Unite Oil and Gas Operations with Onshore/Offshore Data Replication

Staying on the Same Page An Enterprise software vendor committed to the offshore gas industry-like IFS-will have a standard, embedded solution that will minimize cost and risk and implement more reliably than a one-off solution.

190911 Wgc Equus Schematic

Western Gas aiming for 2024 for start of Equus gas production

Western Gas Corp. reported that its Equus gas project offshore Western Australia is on track for coming on stream in 2024. The estimate follows completion of an “upstream-to-LNG development plan” and the commencement of project financing and partnering.

190910 Eia Steo Chart

EIA continues to lower oil price, demand growth forecasts

In its September Short-Term Energy Outlook, the US Energy Information Administration reduced its 2019 Brent crude oil price forecast to $63/bbl, which is $2/bbl lower than in its August STEO.

190910 Suncor Cogen Coker

Cogeneration due at Suncor oil sands plant

Suncor Energy Inc. will invest $1.4 billion to replace two coke-fired boilers with gas-fired cogeneration units in a project that will cut greenhouse-gas emissions from steam production at its Oil Sands Base Plant by 25%.

190909 Noble Leviathan Lift

Two main topsides lifted onto Leviathan platform

Heerema Marine Contractors’ Sleipnir semisubmersible crane vessel, said to be the world’s largest, completed a 15,300-tonne lift, installing the topsides for Noble Energy’s Leviathan development in the Mediterranean Sea.

190909 Equinor Dorian Terminal

Equinor addresses hurricane-damaged terminal in Bahamas

Equinor continues the work with resources from the Bahamas, the US, and Norway to respond to the effects of Hurricane Dorian on the South Riding Point terminal on Grand Bahama Island and the oil spill at the terminal site and nearby.

190906 Cooper Annie Map

Cooper Energy-led JV makes gas discovery offshore Otway

The 50-50 joint venture of Cooper Energy Ltd., Adelaide, and Japanese entity Mitsui E&P Australia has reported a natural gas discovery with the Annie-1 wildcat in permit Vic/P44 in the Victorian section of the offshore Otway basin.

190905 Cooper Bass Strait Map

Cooper Energy awarded Bass Strait permit

Cooper Energy Ltd., Adelaide, has been awarded an offshore exploration permit in a central part of the Victorian Gippsland basin surrounded by major producing oil and gas fields.

190905 Cheniere Train2

Cheniere takes delivery of Corpus Christi Train 2

Cheniere Energy, Houston, reported the substantial completion of Train 2 at the Corpus Christi Liquefaction (CCL) project in Corpus Christi, Tex., was achieved Aug. 28.

190905 Santos Dorado3 Map

Dorado-3 appraisal well confirms hydrocarbons in three reservoirs

Wireline results in the Santos Ltd.-operated Dorado-3 appraisal well in the Bedout subbasin of northwest Western Australia have confirmed hydrocarbons in the three main reservoirs at the field first discovered in July 2018.

Suction anchor and template from Aker Solutions in Sandnessjoen passing Helgelandsbroen.

Equinor brings Snefrid Nord gas field on stream

Equinor and partners on Sept. 1 started production from Snefrid Nord natural gas field, the first discovery tied back to Aasta Hansteen field, in the Norwegian Sea, setting a new depth record on the Norwegian continental shelf.

190904 Apa2019 Awards Map

APA 2019 draws applications from 33 operators

Thirty-three operators submitted applications to the National Petroleum Directorate (NPD) for petroleum production licenses offshore Norway. The application deadline was Aug. 27.

190903 Equinor Johan Sverdrop

Johan Sverdrup oil field start-up approved

The start-up of Johan Sverdrup oil field in the Norwegian North Sea has been approved by the Norwegian Petroleum Directorate. Equinor plans start up this fall for Phase 1 development. Construction Phase 2 is expected to start in fourth-quarter 2022.

190829 Liza Destiny Fpso Guyana

Liza Destiny FPSO arrives offshore Guyana

The Lisa Destiny, Guyana’s first oil production vessel, has arrived at the ExxonMobil Corp.-operated Stabroek block, partner Hess Corp. reported. The floating production, storage, and offloading vessel arrived following a 42-day journey from Singapore.