Thank you for sharing this Geological Society, London, Memoirs article. The structure is a westward tilted fault block. At the end of 1988 over 811 MMBBL had been produced. Countries and geological basins may hold hundreds or thousands of producing oil and gas fields, but the production is almost invariably dominated by a small number of giant fields. Thirty papers describe new giant fields or the geological regions in which they were found. The company added 55-155 million bbl to its previous reserves figure of 1.045 billion bbl. CNRI acquired the Ninian Field from Kerr McGee in 2002.
For purposes of this book, a giant field is defined by an ultimate recovery of 500 million barrels of oil or 3 TCF of gas in the Middle East, North Africa and Asiatic Russia, and 100 million barrels of oil or 1 TCF of gas elsewhere.
Diamondback Energy's second-quarter 2020 net loss of $2.39 billion includes a non-cash impairment charge of $2.54 billion as a result of the lower SEC pricing due to the sharp decline in commodity prices. Southwestern Energy Co. has agreed to acquire Montage Resources Corp. in an all-stock transaction to create the third largest producer in Appalachia with expected total equivalent production of 3 bcfe/d. Through separate processing arrangements Ninian is the host facility for two subsea satellite oil fields - Lyell (Oryx) and Strathspey (Texaco). The Ninian field is operated using three fixed platforms including the Ninian South and Ninian Central production platforms that also support the operation of nearby Lyell and Columba fields.
Enter multiple addresses on separate lines or separate them with commas. Devon Energy Corp., Oklahoma City, posted a net loss of $670 million in second-quarter 2020 compared to a net loss of $1.8 billion in first-quarter 2020. This will require you to create an account if you don't already have one. Most of these are in-depth field studies, which after several decades continue to be among the best sources of published information for the given fields. If your organization uses OpenAthens, you can log in using your OpenAthens username and password. Continental Resources, the largest producer in North Dakota's Bakken formation, reported a net loss of $239.3 million for the second quarter of 2020 on weaker oil volumes and oil price realizations. The Ninian Central is owned and operated by Canadian Natural Resources (CNR). The reservoir is limited on the various margins by a combination of erosional truncation faulting, and downdip by the oil water contact. Oil from the Ninian platforms is transported to the Sullom Voe Terminal on the Shetland Islands via the Ninian Pipeline System. The company reported adjusted net income of $47.1 million for the quarter. The Ninian Field, located in the northern North Sea, lies in the East Shetland Basin on the west side of the Viking Graben. Abstract. Adjusted net loss was $477 million. You may be able to gain access using your login credentials for your institution.
Search for other works by this author on: You do not currently have access to this chapter. Chevron U.K. Ltd. has boosted its estimate of reserves in Ninian field, the third largest oil reservoir in the U.K. North Sea. The combined estimate of more than 50 billion barrels of oil and 100 trillion cubic feet of gas represent the majority of new worldwide reserves found during this time period. We do not retain these email addresses. It takes a market leader to build a resilient, export grade benchmark – bringing the US market a Brent of its own. Oil from the Columba 'D' Terrace (Ranger) is produced from Ninian Southern platform. Giant structural traps are commonly found during early stages of exploration, while stratigraphic and unconformity traps sometimes linger for decades before discovery.
The Ninian Field, located in the northern North Sea, lies in the East Shetland Basin on the west side of the Viking Graben. Gulfport Energy Corp. reported a net loss of $561.1 million for the second quarter of 2020.
Please see the relevant links below for further assistance. As of June, 1979, field development has progressed to enable a daily production rate of approximately 225,000 BOPD. Contact your library if you do not have a username and password.
The field straddles Blocks 3/3 and 3/8 and is developed under a unitization agreement with Chevron UK Limited as operator. W. A. Albright, W. L. Turner, K. R. Williamson, 1980. The Ninian oil field was discovered in January 1974 and went on production in December 1978. If you think you should have access, please contact your librarian or email, Sign In to Email Alerts with your Email Address. © 2020 Endeavor Business Media, LLC.
The first logo contained the company name against a backdrop of wooden derricks set among the Santa Susana Mountains that loomed over Pico Canyon. You have the option to pay to view this content if you choose. The field straddles Blocks 3/3 and 3/8 and is developed under a unitization agreement with Chevron UK Limited as operator. Current estimates of reserves are 1.2 billion stock tank barrels of oil, 63 million stock tank barrels of natural gas liquids, and 230 BCF gas. Originally operated by Chevron Petroleum (UK), a division of Chevron, the field was acquired and operated by Oryx UK Energy Co. in late 1996 and then by Kerr-McGee from 2000. You could not be signed in. The Field was subsequently developed by Chevron. The current quarter’s loss includes a net post-tax charge of $10.9 billion for non-operating items. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
The increased estimate results from a geological and engineering study of the field, which disclosed a 9% increase in estimated oil in place. The largest concentration of eight papers refers to developments in the North Sea, which became a major producing region for the first time during the subject decade. The reservoir is in fluvio-deltaic Middle Jurassic sand BP reported a net loss of $16.8 billion for the second quarter of 2020, compared with a profit of $1.8 billion for the same period a year earlier. The range depends on future operating and economic conditions.
The field development consists of three fixed platforms with a total of 109 drilling slots. The Ninian oil field was discovered in January 1974 and went on production in December 1978. If you have any questions about the Lyell Collection publications website, please see the access help page or contact [email protected].
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