The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor and Royal Dutch Shell, has awarded a contract to Data Gumbo to pilot blockchain technology for water handling services.
The Net Zero Solution Centre will aim to accelerate the development and deployment of technologies to decarbonise offshore operations and develop the UK Continental Shelf as the first net zero oil and gas basin globally.
The project is expected to start production in late 2021 and produce up to 35 000 boe/d at peak rates.
The assets currently produce approximately 28 623 boe/d, consisting of approximately 118.9 million ft3/d of natural gas, 5646 bpd of NGLs and 3161 bpd of condensate and light oil.
John Bell, Akselos, looks at the new super-fast simulation technology that is helping companies in the upstream industry achieve asset life extension.
Shell plan to use Trendsetter’s 15 000 psi 2 in. connectors to deliver gas lift service in the Princess Field located in the Gulf of Mexico.
A number of high-profile deals were signed at this year's St Petersburg International Economic Forum in Russia.
The company said the floating production system, located in the first producing field in the Norphlet area, will produce around 175 000 boe/d of oil and gas.