Oil megaprojects (2016)

This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m³/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2016. This is part of the Wikipedia summary of Oil Megaprojects.

Quick links to other years

Overview

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Detailed list of projects for 2016

Terminology

• Year Startup: year of first oil. put specific date if available.
• Operator: company undertaking the project.
• Area: onshore (LAND), offshore (OFF), offshore deep water (ODW), tar sands (TAR).
• Type: liquid category (i.e. Natural Gas Liquids, Natural gas condensate, Crude oil)
• Grade: oil quality (light, medium, heavy, sour) or API gravity
• 2P resvs: 2P (proven + probable) oil reserves in giga barrels (Gb).
• GOR: The ratio of produced gas to produced oil, commonly abbreviated GOR.^[1]
• Peak year: year of the production plateau/peak.
• Peak: maximum production expected (thousand barrels/day).
• Discovery: year of discovery.
• Capital investment: expected capital cost; FID (Final Investment Decision) - If no FID, then normally no project development contracts can be awarded. For many projects, a FEED stage (Front End Engineering Design) precedes the FID.
• Notes: comments about the project (footnotes).
• Ref: list of sources.

Country	Project Name	Year startup	Operator	Area	Type	Grade	2P resvs	GOR	Peak Year	Peak	Discovery	Capital Inv.	Notes	Ref
OPEC
Angola	Kizomba Satellites Phase II	2016	ExxonMobil	ODW	Crude					125				[2]
Angola	Negage	2016	Chevron	ODW	Crude					75				[2]
Angola	Lucapa	2016	Chevron	ODW	Crude					100				[2]
Angola	East Hub project (Cabaca Norte, South-East)	2016	Eni	ODW	Crude					80				[2]
Angola	B31 SE	2016	BP	ODW	Crude					200				[2]
Iran	Azadegan Ph 1	2016	CNPC	Land	Crude					75				[3]
Iran	South Pars Ph 11	2016	CNPC	Offshore	Crude					80				[3]
Iran	South Pars Ph 17-18	2016	PetroPars, OIEC, IOEC	Offshore	Crude					80				[3]
Iran	South Pars Ph 22-23-24	2016	Petro Sina Arian, Sadra	Offshore	Crude					77				[3]
Iran	Yadavaran Ph 1	2016	Sinopec	LAND	Crude	Heavy	3.20			85	2000			[4]
Nigeria	Bonga SW; Aparo	2016	Shell		Crude	Light	0.600			225	1998/2001			[5]
Nigeria	Dibi Long-Term Project	2016	Chevron		Crude					70				[5]
Nigeria	Sonam Field Development	2016	Chevron		Crude					30				[5]
Nigeria	Bosi	2016	ExxonMobil		Crude					140				[5]
Nigeria	Erha North Phase 2	2016	ExxonMobil		Crude					60				[5]
Nigeria	Satellite Field Development Phase 2	2016	ExxonMobil		Crude					80				[5]
Nigeria	Uge	2016	ExxonMobil		Crude					110				[5]
Nigeria	Bongo North	2016	Shell		Crude					100				[5]
Nigeria	Usan Future Phases	2016	Total		Crude					50				[5]
Saudi Arabia	Manifa Ph 2	2016	Saudi Aramco	OFF	Crude	28 API	16.820			300	1957			[6][7][8][9]
Non-OPEC
Canada	Hebron (Ben Nevis)	2016	Exxon	OFF	Crude	Heavy	0.730			140	1981			[10][11][12]
Canada	Sunrise Ph 3	2016	Husky Energy		Oil Sands	Bitumen	1.0-2.2			0		No FID, 50 kbd	SAGD	[13][14][15]
Canada	NAOSC Strathcona Ph 1	2016	StatoilHydro	LAND	Bitumen	Oil Sands				65				[16][17]
Canada	Gregoire Lake (Phase 1)	2016	CNRL	LAND	Bitumen	Oil Sands				30			In-Situ, Announced	[18]
Canada	Joslyn Ph 2	2016	CNRL	LAND	Bitumen	Oil Sands				0			Application No FID 50 kbd	[16]
Canada	Long Lake Upgrader Ph 3	2016	OPTI /Nexen	LAND	Bitumen	Oil Sands				0			Mining, Upgrading, No FID, 60 kbd	[19]
Kazakhstan	Kashagan (Phase 2+, Satellites)	2016	ENI	OFF	Crude	45 API	7.8		2020	850	2000	$136B, No FID		[20][21][22][23]
Malaysia	Malikai	2016	Shell	ODW	Crude					150	2004			[24]
United Kingdom Falkland Islands	Sea Lion	2016	Rockhopper	OFF	Crude		.3556		2016	70				[25]

References

1. "Oilfield Glossary".
2. "EIA Algeria overview".
3. "EIA Iran overview".
4. "EIA Iran Country Analysis".
5. "EIA Nigeria Analysis".
6. "Projects Timeline, Facts and Figures - 2006, Saudi Aramco" (PDF).
7. "Relationship between Giant Field Data and Ultimate Recoverable Oil, Search and Discovery Article #40236, May 12, 2007".
8. "UPDATE 1-Saudi 2009 oil capacity plan on track-official, Reuters UK, January 6, 2008".
9. "Saudi Oil: A Crude Awakening on Supply?, BusinessWeek, July 10, 2008".
10. "Newfoundland sees new oil era as Hebron proceeds, Reuters, August 20, 2008". August 20, 2008.
11. "Upstream and Gas, Chevron, March 26, 2008" (PDF).
12. "Value capture and growth, StatoilHydro, May 2008" (PDF). Archived from the original (PDF) on December 6, 2008.
13. "Oil Sands". Husky Energy. Archived from the original on 2007-10-30. Retrieved 2007-11-25.
14. Oil Sands Fact Sheet, Husky Energy, retrieved 2007-11-25
15. "Canadian Oil Sands Projects - Jan 2008".
16. Canadian Oil Sands Projects - Jan 2008
17. StatoilHydro upgrader delayed, Financial Post, May 23, 2008
18. Canada's Oil Sands - Opportunities and Challenges to 2015: An Update (PDF), NEB
19. "Existing and Proposed Canadian Commercial Oil Sands Projects, Strategy West, April 2008" (PDF).
20. "UPDATE 3-Eni-led group close to giving KMG more of Kashagan, Reuters UK, December 2, 2007".
21. "2008 Analyst Meeting, ConocoPhillips, March 12, 2008" (PDF).
22. "Kashagan development postponed until 2013, The European Weekly, June 23, 2008".
23. "MATERIAL DEVELOPMENTS RELATING TO THE KASHAGAN FIELD DEVELOPMENT PROJECT, ENI, viewed September 5, 2008" (PDF).
24. "Malikai Field, February 2011".
25. "Rockhopper revised CPR and corporate update, April 2012".