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Please note that if you are logged into the Lyell Collection and attempt to access content that is outside of your subscription entitlement you will be presented with a new login screen. The increased estimate results from a geological and engineering study of the field, which disclosed a 9% increase in estimated oil in place. The oil is a paraffinic-naphthenic type with an API gravity of 36°. 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.
You may be able to gain access using your login credentials for your institution. 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. Occidental Petroleum had a net loss attributable to common stockholders for second-quarter 2020 of $8.4 billion and an adjusted loss attributable to common stockholders of $1.6 billion compared with net income of $635 million for the year ago quarter. W. A. Albright, W. L. Turner, K. R. Williamson, 1980. The field development consists of three fixed platforms with a total of 109 drilling slots. Backed by a market-leading methodology and an objective view, you can move forward with confidence.
Enter multiple addresses on separate lines or separate them with commas. The company added 55-155 million bbl to its previous reserves figure of 1.045 billion bbl. Previous ownership of the Ninian field: Chevron U.K. Limited (Operator) 23.63%; Murphy Petroleum Limited 13.82% Oil from the Columba 'D' Terrace (Ranger) is produced from Ninian Southern platform. The Field was subsequently developed by Chevron. Chevron operated Ninian even before … 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. An international symposium on Giant Discoveries of the Past Decade was held at the 1979 annual AAPG meeting of AAPG in Houston. 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. The field straddles Blocks 3/3 and 3/8 and is developed under a unitization agreement with Chevron UK Limited as operator. Murphy Oil Corp. reduced its full year budget an additional $40 million at the midpoint, to $680-720 million, and with the revised budget, anticipates production volumes of 153,000-163,000 boe/d for the third quarter. 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. The production of the Ninian Field started in December 1978 and reached a peak of 315 000 BOPD in the summer of 1982.
The structure is a westward tilted fault block. Ultimate recovery will now amount to 1.1-1.2 billion bbl, Chevron reckons.
The current quarter’s loss includes a net post-tax charge of $10.9 billion for non-operating items. © The Geological Society 1991. Chevron U.K. Ltd. has boosted its estimate of reserves in Ninian field, the third largest oil reservoir in the U.K. North Sea. Please see the relevant links below for further assistance. If your organization uses OpenAthens, you can log in using your OpenAthens username and password. All rights reserved. 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. Adjusted net loss was $477 million. The estimated original oil-in-place contained in the marine-deltaic sandstones of the Middle Jurassic Brent Group, is 2920 MMBBL, of which an estimated 35 to 40% is recoverable. Chevron's Ninian Field Southern Platform is noteworthy for its rapid planning, design and fabrication, and its extremely successful installation, all of which justified the conceptual philosophy adopted early in the design stage. The Ninian Central is owned and operated by Canadian Natural Resources (CNR). Giant structural traps are commonly found during early stages of exploration, while stratigraphic and unconformity traps sometimes linger for decades before discovery. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. This will require you to create an account if you don't already have one. Published by The Geological Society of London, registered charity number 210161, Copyright © 2020 Geological Society of London.
NOTE: We request your email address only to inform the recipient that it was you who recommended this article, and that it is not junk mail. Chevron's earliest predecessor, Pacific Coast Oil Co., was incorporated in 1879 in San Francisco. Please check your email address / username and password and try again. During the 1968-1978 decade 288 giant fields were found worldwide in a wide variety of geographic areas and geological settings. BP/ Ranger Oil UK Ltd began exploration of the Ninian Field in March 1974, with the drilling of the 3/8A-1 discovery well. At the end of 1988 over 811 MMBBL had been produced. Chevron U.K. Ltd. has boosted its estimate of reserves in Ninian field, the third largest oil reservoir in the U.K. North Sea. Search for other works by this author on: You do not currently have access to this chapter. 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. "Ninian Field, U.K. Sector, North Sea", Giant Oil and Gas Fields of the Decade: 1968–1978, Michel T. Halbouty. Contact your library if you do not have a username and password. Chevron U.K. Ltd. will retain its interest in the Statfjord field and continue as interim operator of Ninian.
This was the site of the company's Pico No.
Thank you for sharing this Geological Society, London, Memoirs article. The reservoir is in fluvio-deltaic Middle Jurassic sand
All rights reserved. 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].
EOG Resources Inc. has narrowed its 2020 capex to $3.4-3.6B and raised its 2020 oil production guidance 4% to 402,600-409,200 b/d on lowered curtailments and plans to drill two additional wells in Trinidad over the remainder of the year. CNR International assumed ownership and operated the Ninian Field from 2002. This encompassed development, commissioning and support services to major clients and installations such as the Chevron Ninian field. You may purchase access to this article. 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. 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. NNP is one of three fixed platforms in the Ninian Field (Figure 1.2). 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. Gulfport Energy Corp. reported a net loss of $561.1 million for the second quarter of 2020. The reservoir is limited on the various margins by a combination of erosional truncation faulting, and downdip by the oil water contact. CNRI acquired the Ninian Field from Kerr McGee in 2002. Thirty papers describe new giant fields or the geological regions in which they were found. The structure is a westward tilted fault block.
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