BREAKING NEWS, Oil & Gas
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ExxonMobil starts oil production at the Julia oil field in the Gulf of Mexico ahead of schedule
EXXON Mobil Corporation has started oil production at the Julia oil field in the Gulf of Mexico ahead of schedule. The first production well is now online and a second well will start production in the coming weeks.
The Julia development is located approximately 265 miles southwest of New Orleans in water depths of more than 7,000 feet. The initial development phase uses subsea tie-backs to the Chevron-operated Jack/St. Malo production facility, reducing the need for additional infrastructure and enhancing capital efficiency.
Technology has also played a key role in the Julia development including the use of subsea pumps that have one of the deepest applications and highest design pressures in the industry to date.
Neil W. Duffin, president, ExxonMobil Development Company, said, “Successful deepwater developments like Julia, located more than 30,000 feet below the ocean’s surface, benefit from ExxonMobil’s disciplined project execution capabilities and commitment to developing quality resources using advanced technology.”
The Maersk Viking drillship is currently drilling a third well, which is expected to come online in early 2017. Production results will assist in the evaluation of additional wells included in the initial development phase, which has a design capacity of 34,000 barrels per day of oil. “This initial production will provide ExxonMobil with insight into the potential future development of the reservoir,” said Duffin.
Discovered in 2007, the Julia field comprises five leases in the ultra-deepwater Walker Ridge area of the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50 percent interest in the Julia unit. Over the past decade, ExxonMobil has drilled 187 deepwater wells worldwide in water ranging from 2,100 feet to 8,700 feet.
ExxonMobil is on track to start up 10 new upstream projects in 2016 and 2017, adding 450,000 oil-equivalent barrels per day of working-interest production capacity. The company is enhancing resource value through production optimisation, technology application and cost management.
ExxonMobil, the largest publicly traded international Oil and Gas Company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world.
— May 2, 2016 @ 01:00 GMT
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