Posts Tagged ‘gas reserves’

Eni and Anadarko in expectation for Mozambique LNG projects

New Mozambique President to guide projects decisions The Italian major company Eni Spa (Eni) and the Houston-based independent company Anadarko Petroleum Corporation (Anadarko) are now expecting from the Presidential elections to speed up the publication of the regulation to guide their final investment decisions (FID) on their respective Mozambique liquefied […]

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Recoverable Reserves

Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an […]

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Rovuma Basin promissing to ENI with Mozambique Mamba discoveries

$50 billion estimated to develop giant Mamba gas field In October 2011, the Italian National oil Company ENI announced a first giant discovery with the successful well appraisal in Namba South 1 within ENI’s concession Area 4, offshore Mozambique in the Rovuma Basin. The Manba South 1 field is located […]

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Chevron qualified contractors to bid on $3 billion Gendalo-Gehem

Technip and WorleyParsons completed the FEED Chevron had awarded the front end engineering and design (FEED) for the development of Gengalo – Gehem project to:  – Technip Jakarta office in Indonesia and Houston office in Texas, USA, for the two large Floating Production Units (FPU) package  – Worley Parsons Indonesia for the Subsea and Flowline system package. From these FEED performed by Technip and […]

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“QIA”

Definition QIA is the acronym of Qatar Investment Authority Comments Headquartered in Doha, Qatar, the Qatar Investment Authority represents the Qatar Sovereign Wealth Fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country’s economy by diversifying into new asset classes. The QIA is structured to […]

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Proven reserves

Definition Proven reserves is an industry term that means oil or gas that has been discovered and could be produced with today’s technology. Comments The world consumes about 89 million barrels of oil per day, or 32.5 billion barrels per year. The industry describes a field as giant if it […]

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