CATEGORIZED | News

ExxonMobil announces $1.1 billion Turrum Field development

Posted on 31 July 2008

Esso Australia is the Turrum field operator and holds 50% interest with BHP Billiton. Esso Australia operates 21 offshore oil and gas production facilities in Bass Strait and also operates and holds 32.5% interest in the Kipper Unit Joint Venture with BHP Billiton and Santos.

The Turrum field holds approximately one trillion cu ft of gas and 110 million bblof oil and natural gas liquids. The development concept for the project is based on the construction of a new platform bridge-linked to the existing Marlin A platform in Bass Strait. The platform will process additional oil production and gas cycling, which will be piped back to existing processing facilities at Longford. Construction is anticipated to begin in 2009. Oil production is expected in 2011, and first gas sales are estimated to take place in 2015.

The Kipper resource holds approximately 620 billion cu ft of recoverable gas and 30 million bblof condensate/liquified petroleum gas. The Kipper field will be developed by the installation of a number of subsea wells, piped back to existing infrastructure at Longford. Construction will begin in the second half of 2008 and first gas is expected in 2011.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 16 October 2014

    BG Group appoints Helge Lund as CEO; Statoil appoints Eldar Sætre as acting President and CEO

    "It has been a privilege to lead Statoil during 10 very exciting years,” Mr Lund said. “Together we have created values for Statoil’s shareholders and the society…

  • 15 October 2014

    Eni signs two PSCs for offshore exploration in Vietnam

    Eni has signed two production-sharing contracts (PSCs) with Petrovietnam for the exploration of blocks 116 and 124, located off the coast of Vietnam…

  • 13 October 2014

    OneSubsea awarded contract for PEMEX Lakach deepwater development

    OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project…

  • 08 October 2014

    Shell starts oil production from Gumusut-Kakap deepwater platform in Malaysia

    Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deepwater projects...

  • 08 October 2014

    5 principles to follow for reducing risk of anti-corruption violations

    In 2007, the US Department of Justice initiated an industry sweep targeting oilfield service companies, instigated by the government’s perceptions of the industry’s...

  • Read more news