Deepwater Petroleum Exploration & Production: A Nontechnical by William L. Leffler

By William L. Leffler

Textual content overviews the enterprise, engineering, and know-how of deepwater petroleum exploration and construction. presents insurance of all features of deepwater operations: together with historical heritage; drilling and finishing wells; improvement platforms; fastened constructions; floating construction structures; subsea platforms; topsides; and pipelines, flowlines, and risers

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Deepwater Petroleum Exploration & Production: A Nontechnical Guide

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Minerals Management Service) 1400 Millions of BOE 1200 1000 800 600 400 200 19 87 19 83 19 79 19 75 19 71 19 67 19 63 19 59 19 55 0 Fig. S. ” With the exception of Prudhoe Bay, Alaska, the notable lack of success for 10 years by the major oil companies elsewhere in North America disheartened the most stalwart oilmen. Huge exploratory expenditures in the Norton and Navarin Basins in offshore Alaska and in Georges 29 Ch 02 (27-34) 4/8/03 3:16 PM Page 30 Deepwater Petroleum Exploration & Production: A Nontechnical Guide Banks, offshore East Coast, yielded no commercial hydrocarbons; discoveries on the entire onshore Lower 48 were puny; and environmental restrictions eliminated any new plays in the West Coast offshore.

5–16% of the value of the oil and gas produced by the company over the life of the lease. Leases generally run for an initial term of 5–10 years, increasing with the depth of the water—and therefore roughly with the cost and risk involved in drilling a well on the lease. the offshore. A federal offshore lease sale may involve 10 or more prospects for a company, so some companies use a list of like-minded names for that sale. The names stick with the successful projects. That’s why Popeye and (For the onshore United States and Canada, unlike anywhere else in the world, both private parties and governments can own the mineral rights to oil and gas.

The cost of fabrication and installation totaled nearly $250 million. Remarkably, the cost of Bullwinkle came in at less than the cost of the smaller, earlier Cognac. 5% inflation and a 30% increase in size. Still, Shell and other companies looked towards the horizon and fretted over the economic viability of sinking even more steel and money into a conventional jacket in water any deeper. 24 Ch 01 (1-26) 4/8/03 3:15 PM Page 25 A Century Getting Ready The Learning Curve Bends Over With Bullwinkle, the industry approached the top of the offshore learning curve.

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