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Your Weekly Update: 2 - 6 September 2019


  • More recently, in July, Rystad Energy said that this year's offshore oil and gas project sanctioning had already exceeded US$50 billion in commitments, signalling that the industry has the potential to reach US$123 billion in project commitments, surpassing the US$78-billion worth of projects sanctioned in 2014, when the price of oil started to crumble.
  • Here they are ranked in descending order:The Marjan increment programme is an integrated development project for oil, associated gas, non-associated gas, and cap gas from the Marjan offshore field, worth a total of US$12 billion.
  • The development aims to boost the Marjan Field production by 300,000 barrels of oil per day (bpd) of Arabian Medium Crude Oil, process 2.5 BSCFD of gas, and produce an additional 360 MBCD of C2+NGL.



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