Oil megaprojects (2016)

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This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/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.

Contents

Overview 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Detailed list of projects for 2016

Terminology

The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water: if its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks.

Oil reserves proven oil reserves in the ground

Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Reserves may be for a well, a reservoir, a field, a nation, or the world. Different classifications of reserves are related to their degree of certainty.

CountryProject NameYear startupOperatorAreaTypeGrade2P resvsGORPeak YearPeakDiscoveryCapital Inv.NotesRef
OPEC
Angola Kizomba Satellites Phase II2016ExxonMobilODWCrude125 [2]
Angola Negage2016ChevronODWCrude75 [2]
Angola Lucapa2016ChevronODWCrude100 [2]
Angola East Hub project (Cabaca Norte, South-East)2016EniODWCrude80 [2]
Angola B31 SE2016BPODWCrude200 [2]
Iran Azadegan Ph 12016CNPCLandCrude75 [3]
Iran South Pars Ph 112016CNPCOffshoreCrude80 [3]
Iran South Pars Ph 17-182016PetroPars, OIEC, IOECOffshoreCrude80 [3]
Iran South Pars Ph 22-23-242016Petro Sina Arian, SadraOffshoreCrude77 [3]
Iran Yadavaran Ph 12016SinopecLANDCrudeHeavy3.20852000 [4]
Nigeria Bonga SW; Aparo2016 Shell CrudeLight0.6002251998/2001 [5]
Nigeria Dibi Long-Term Project2016ChevronCrude70 [5]
Nigeria Sonam Field Development2016ChevronCrude30 [5]
Nigeria Bosi2016ExxonMobilCrude140 [5]
Nigeria Erha North Phase 22016ExxonMobilCrude60 [5]
Nigeria Satellite Field Development Phase 22016ExxonMobilCrude80 [5]
Nigeria Uge2016ExxonMobilCrude110 [5]
Nigeria Bongo North2016ShellCrude100 [5]
Nigeria Usan Future Phases2016TotalCrude50 [5]
Saudi Arabia Manifa Ph 22016 Saudi Aramco OFFCrude28 API16.8203001957 [6] [7] [8] [9]
Non-OPEC
Canada Hebron (Ben Nevis)2016 Exxon OFFCrudeHeavy0.7301401981 [10] [11] [12]
Canada Sunrise Ph 32016 Husky Energy Oil Sands Bitumen1.0-2.20No FID, 50 kbdSAGD [13] [14] [15]
Canada NAOSC Strathcona Ph 12016StatoilHydroLANDBitumenOil Sands65 [16] [17]
Canada Gregoire Lake (Phase 1)2016CNRLLANDBitumenOil Sands30In-Situ, Announced [18]
Canada Joslyn Ph 22016CNRLLANDBitumenOil Sands0Application No FID 50 kbd [16]
Canada Long Lake Upgrader Ph 32016OPTI /NexenLANDBitumen Oil Sands 0Mining, Upgrading, No FID, 60 kbd [19]
Kazakhstan Kashagan (Phase 2+, Satellites)2016 ENI OFFCrude45 API7.820208502000$136B, No FID [20] [21] [22] [23]
Malaysia Malikai2016ShellODWCrude1502004 [24]
United Kingdom Falkland IslandsSea Lion2016RockhopperOFFCrude.3556201670 [25]

Notes

Related Research Articles

Husky Energy company

Husky Energy Inc. is a Canadian-based integrated energy company, headquartered in Calgary, Alberta. Its common shares are publicly traded on the Toronto Stock Exchange under the symbol HSE. The Company operates in Western and Atlantic Canada, the United States and the Asia Pacific Region, with Upstream and Downstream business segments. Husky Energy is controlled by Hong Kong billionaire Li Ka-Shing who owns a majority share of approximately 70% according to Bloomberg and Financial Post data.

Eni Multinational oil and gas company based in Italy

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. Considered one of the global supermajors, it has operations in 79 countries, and is currently world's 11th largest industrial company with a market capitalization of 68 billion euros, as of August 14, 2013. The Italian government owns a 30.303% golden share in the company, 3.934% held through the state Treasury and 26.369% held through the Cassa Depositi e Prestiti. Another 2.012% of the shares are held by the People's Bank of China. The company is a component of the Euro Stoxx 50 stock market index.

Kashagan Field Offshore oil field in Kazakhstans zone of the Caspian Sea

Kashagan Field is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field.

Equinor Norwegian oil and gas company

Equinor ASA is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is a petroleum and wind energy company with operations in thirty-six countries. By revenue, while under Statoil name, Equinor was ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the twenty-sixth largest company, regardless of industry, by profit in the world. The company has about 20,200 employees.

This page summarizes projects that brought more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2003. This is part of the Wikipedia summary of Oil Megaprojects—see that page for further details. 2003 saw 30 projects come on stream with an aggregate capacity of 2.499 million barrels per day (397,300 m3/d) when full production was reached.

This page summarizes projects that brought more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2006. This is part of the Wikipedia summary of Oil Megaprojects. 2006 saw 30 projects come on stream with an aggregate capacity of 4.092 million barrels per day (650,600 m3/d) when full production was reached this list does not like include any of the enormous project developed in the United states which dwarf these by +-5000 BOE.

This page summarizes projects that brought more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2007. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that brought more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2008. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2009. This is part of the Wikipedia summary of oil megaprojects.

Following is a list of Oil megaprojects in the year 2010, projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel. This is part of the Wikipedia summary of Oil Megaprojects.

Following is a list of Oil megaprojects in the year 2011, projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market, with the first production of fuel beginning in 2012. This is part of the Wikipedia summary of oil megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market, with the first production of fuel beginning in 2013. This is part of the Wikipedia summary of oil megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2014. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2015. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2017. This is part of the Wikipedia summary of Oil Megaprojects.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2018. This is part of the Wikipedia summary of Oil Megaprojects.

Predicting the timing of peak oil

Peak oil is the point at which oil production, sometimes including unconventional oil sources, hits its maximum. Predicting the timing of peak oil involves estimation of future production from existing oil fields as well as future discoveries. The most influential production model is Hubbert peak theory, first proposed in the 1950s. The effect of peak oil on the world economy remains controversial.

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2020. This is part of the Wikipedia summary of Oil Megaprojects.

References

  1. ↑ "Oilfield Glossary".
  2. 1 2 3 4 5 "EIA Algeria overview".
  3. 1 2 3 4 "EIA Iran overview".
  4. ↑ "EIA Iran Country Analysis".
  5. 1 2 3 4 5 6 7 8 9 "EIA Nigeria Analysis".
  6. ↑ "Projects Timeline, Facts and Figures - 2006, Saudi Aramco" (PDF).
  7. ↑ "Relationship between Giant Field Data and Ultimate Recoverable Oil, Search and Discovery Article #40236, May 12, 2007".
  8. ↑ "UPDATE 1-Saudi 2009 oil capacity plan on track-official, Reuters UK, January 6, 2008".[ dead link ]
  9. ↑ "Saudi Oil: A Crude Awakening on Supply?, BusinessWeek, July 10, 2008".
  10. ↑ "Newfoundland sees new oil era as Hebron proceeds, Reuters, August 20, 2008". August 20, 2008.
  11. ↑ "Upstream and Gas, Chevron, March 26, 2008" (PDF).
  12. ↑ "Value capture and growth, StatoilHydro, May 2008" (PDF). Archived from the original (PDF) on December 6, 2008.
  13. ↑ "Oil Sands". Husky Energy. Archived from the original on 2007-10-30. Retrieved 2007-11-25.
  14. ↑ Oil Sands Fact Sheet, Husky Energy, retrieved 2007-11-25
  15. ↑ "Canadian Oil Sands Projects - Jan 2008".
  16. 1 2 Canadian Oil Sands Projects - Jan 2008
  17. ↑ StatoilHydro upgrader delayed, Financial Post, May 23, 2008, archived from the original on May 27, 2008, retrieved May 29, 2008
  18. ↑ Canada's Oil Sands - Opportunities and Challenges to 2015: An Update (PDF), NEB
  19. ↑ "Existing and Proposed Canadian Commercial Oil Sands Projects, Strategy West, April 2008" (PDF).
  20. ↑ "UPDATE 3-Eni-led group close to giving KMG more of Kashagan, Reuters UK, December 2, 2007".[ dead link ]
  21. ↑ "2008 Analyst Meeting, ConocoPhillips, March 12, 2008" (PDF). Archived from the original (PDF) on December 6, 2008. Retrieved May 11, 2008.
  22. ↑ "Kashagan development postponed until 2013, The European Weekly, June 23, 2008". Archived from the original on June 26, 2008. Retrieved June 25, 2008.
  23. ↑ "MATERIAL DEVELOPMENTS RELATING TO THE KASHAGAN FIELD DEVELOPMENT PROJECT, ENI, viewed September 5, 2008" (PDF).
  24. ↑ "Malikai Field, February 2011".
  25. ↑ "Rockhopper revised CPR and corporate update, April 2012".
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