Project Info:
Exxon Mobil needed help to upgrade their oiling rigs. Exxon Mobil had been facing issues in their oiling production. When Fairgate analysed, we found out that Exxon Mobil needed to upgrade their systems once for all.
The phase I is expected to yield an additional crude oil production of 23.25 MMT of crude oil and 6.10 BCM of gas by 2030, from 73 new wells and ten side track wells drilled. The cumulative oil production from phase I redevelopment wells was 9.34MMT and cumulative gas production was 2.89BCM until March 2015. The field reached its peak of production of 400,000bopd (barrels of oil per day) in 1985 and continued at same rate until 1989. Phase II redevelopment, announced in 2009, will result in an additional crude oil production of 17.354 MMT and Natural Gas 2.987 Billion Cubic Metres (BCM), totalling to 20.34MMT of oil equivalent by March 2030.