In 2014, the Company achieved various breakthroughs in exploration and the reserve replacement ratio for the year was 112%. Benefitting from the Company's innovations in "thinking outside the box", technology and management, the Company made 20 new commercial discoveries and appraised 18 oil and gas structures successfully.
BG Group (LSE: BG.L), a world leader in exploration and LNG, today announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway.
Petrobras has started production on platform P-61 in Papa Terra field, located near the southern perimeter of the Campos Basin (State of Rio de Janeiro), 110 km off the coast of Brazil and with a water column of 400 to 1,400 m.
Gazprom Neft has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula. 16 thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker.
Freeport-McMoRan Inc. (NYSE: FCX) announced today the results of additional production testing on Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander discovery, located onshore in South Louisiana in the Inboard Lower Tertiary/Cretaceous trend.
Australia Pacific LNG today announced it had reached a significant milestone with the arrival of first gas from its coal seam gas fields in the Surat Basin to its liquefied natural gas (LNG) facility on Curtis Island, near Gladstone, Queensland.
CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production.
Petroleo Brasileiro S.A. – Petrobras announces the start of production at the Lucius field today. The field is located approximately 236 miles (380 km) southwest of Port Fourchon, Louisiana, in water depths of 7,086 feet (2,160 m).
Exxon Mobil Corporation (NYSE:XOM) announced today that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels.
Eni announces the production start-up from the Lucius Field in the Gulf of Mexico deepwater, 240 miles south of the Louisiana coast, United States.