Page 10 - NorthAm Week 25 2021
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NorthAmOil                             PROJECTS & COMPANIES                                       NorthAmOil


       BP brings Manuel online





        GULF OF MEXICO   BP announced this week that it had started up  super-major is pursuing a long-term strategy
                         the Manuel project in the US Gulf of Mexico,  of decarbonising and shifting away from fossil
                         consisting of a subsea production system for two  fuels. However, Manuel’s start-up and Sykes’
                         new wells tied into the existing Na Kika platform.  comments illustrate that new oil and gas devel-
                         The wells are expected to boost gross production  opments still fit into BP’s strategy for now.
                         from the platform by an estimated 20,100 barrels   Manuel is the fourth of five major projects
                         of oil equivalent per day (boepd).   that BP is bringing online globally in 2021,
                           The wells – which are located in Mississippi  which will add a combined 900,000 boepd to
                         Canyon Block 520, around 140 miles (225 km)  the company’s output. Its start-up comes ahead
                         off the coast of New Orleans – were drilled to a  of BP also preparing to bring the Argos plat-
                         depth of roughly 21,000 feet (6,400 metres). BP  form into service in the Gulf next year as part
                         and Royal Dutch Shell each hold a 50% stake in  of the $9bn Mad Dog 2 project. Argos will be
                         the project.                         the first platform to be launched in the Gulf by
                           “Manuel is exactly the type of high-value pro-  BP since 2008, prior to the Deepwater Horizon
                         ject that is critical to growing our business here in  disaster.
                         the Gulf of Mexico,” stated BP’s senior vice-pres-  As well as Na Kika, BP currently also operates
                         ident for the Gulf of Mexico and Canada, Starlee  the Thunder Horse, Atlantis and Mad Dog plat-
                         Sykes. “BP’s focused and resilient hydrocarbons  forms in the Gulf. The super-major anticipates
                         business is a key pillar of our strategy.”  that its Gulf output will rise to more than 400,000
                           The news about Manuel comes as the  boepd by the mid-2020s.™






                                               ENERGY TRANSITION


       Devon signs up to net zero





        US               OKLAHOMA-BASED  Devon Energy has
                         unveiled a new set of environmental perfor-
                         mance targets, including a goal of net zero
                         greenhouse gas (GHG) emissions by 2050. It
                         becomes the latest among a growing number of
                         US oil and gas companies to adopt a long-term
                         net-zero target.
                           Devon’s net-zero goal comprises Scope 1
                         and Scope 2 emissions – respectively the ones it
                         generates directly from its operations and those
                         indirect emissions stemming from energy pur-
                         chased to power its operations. To date, few oil
                         producers have committed to eliminating Scope  example, the company said it would target a
                         3 emissions – those indirect emissions generated  flaring intensity of 0.5% of gross natural gas pro-
                         by the buyers of a company’s products – which  duced by 2025 and would eliminate routine flar-
                         are expected to be the most difficult type of emis-  ing – as defined by the World Bank – by 2030. It
                         sions to address.                    has also set a water recycling target of using 90%
                           Under its new emission reduction strategy,  or more non-freshwater for completion activities
                         Devon expects to focus on a number of areas  in its most active operating areas within the Per-
                         across its operations, including leak detection  mian’s Delaware sub-basin.
                         and repair, as well as an effort to reduce natu-  The company has set an intermediate target
                         ral gas flaring. The company is also proposing  of reducing its Scope 1 and 2 emissions intensity
                         to electrify its equipment in a bid to reduce the  by 50% and methane emissions intensity by 65%
                         use of natural gas and diesel consumed onsite,  by 2030 from a baseline of 2019.
                         including by transitioning from gas-driven to   “We know the need for oil and gas will remain
                         air-driven pneumatic controllers.    for decades, but as good stewards, it is incum-
                           Devon has also unveiled a subset of targets  bent on us to improve how we produce and
                         across different areas that will contribute to  deliver it,” stated Devon’s president and CEO,
                         its overall emissions reduction strategy. For  Rick Muncrief.™



       P10                                      www. NEWSBASE .com                           Week 25   24•June•2021
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