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Drilling & production - 09 February 2018

ExxonMobil adds 2.7 billion barrels to reserves

Exxon Mobil Corporation has announced it has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 billion boe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years.

 

Ocean Installer awarded decommissioning job in Mauritania

The project will be executed on a fast track, with offshore operations commencing as soon as March/April of 2018. The scope of the project includes disconnection, laydown and wet storage of flexible risers, umbilical and mooring lines from the FPSO.

 
 

Shell extends Jacobs' contract in Alberta

This contract award builds on Jacobs momentum of securing several significant maintenance and turnarounds contracts in North America this past year.