Visit Industrial Info at the Offshore Technology Conference
Industrial Info Resources will be available for you to learn more about our project coverage and services at the upcoming Offshore Technology Conference (OTC), April 30 through May 3 at NRG Park in Houston, Texas. More than 70,000 energy professionals from more than 100 countries are expected to attend the exhibition. Stop by and visit us at Booth 5512!
Industrial Info is tracking more than $529.8 billion in offshore Oil & Gas projects, including $45 billion in North American waters.
Among the projects being tracked by Industrial Info is BP (NYSE:BP), Chevron Corporation (NYSE:CVX) and BHP Billiton’s Mad Dog 2 grassroot oil and gas production platform, located about 190 miles off the coast of New Orleans in water depths of approximately 4,400 feet. Samsung Heavy Industries is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $9 billion and began construction late last year. The floating platform will produce 140,000 barrels per day (BBL/d) of crude oil.
In the Gulf of Mexico, Anadarko Petroleum Corporation (NYSE:APC) recently kicked off construction of its Shenandoah oil and gas semisubmersible production platform in water depths of more than 5,000 feet. Anadarko is working in a joint development agreement with companies including BP, Chevron, ConocoPhillips (NYSE:COP) and Royal Dutch Shell (NYSE:RDS-A). The platform has a proposed design capacity of 80,000 BBL/d. Construction is expected to be completed in the summer of 2021.
Shell is underway with construction of its Appomattox oil & gas production platform in water depths of 7,290 feet in the Gulf of Mexico. The Appomattox field has stated recoverable reserves of 500 million barrels of crude oil. The semi-submersible platform has a 50,000-ton hull that was manufactured by Samsung Heavy Industries in South Korea. Construction on the project began in 2015 and is expected to be completed in 2019. The project will produce 100,000 BBL/d of crude oil.
In Australia, Shell is wrapping up construction of its Prelude floating liquefied natural gas (LNG) production facility. Construction began in 2012 and is expected to be completed this summer. The facility will produce 3.6 million metric tons of LNG per year. Samsung Heavy Industries and TechnipFMC (NYSE:FTI) are performing EPC work on the project, which has an estimated TIV of $10 billion.
To learn more about Industrial Info’s offshore Oil & Gas coverage, visit us at Booth 5512 at OTC 2018!