West Seahorse Development Charges Ahead

Gippsland Basin, Bass Strait
(Click to Enlarge)

3D Oil commenced Front End Engineering and Design for the West Seahorse oil field development in Bass Strait, and the company expects to reach a final investment decision in the second half of 2010. West Seahorse has 2P reserves of 5.3 MMBbl with an additional 3.4 MMbbl of contingent resources, and the objective of the FEED is to ensure the oil reserves are developed in a cost effective and timely manner. A field development option is to tie a subsea well to shore via a production pipeline, then either feed production to a new crude oil stabilization plant or link it to existing third-party facilities. 3D Oil believes this development option offers the lowest capital and operating costs while also maximizing ultimate recovery from the field. 

The FEED process will be undertaken in three phases: concept finalization will be performed by WorleyParsons to review the pipeline-to-shore option, including an innovative flexible steel pipeline to be installed by a work boat, which doesn't require the mobilization of a pipe-lay barge. Then a full FEED of the finalized concept and further development of the engineering definition will commence; and finally, an extended FEED will be performed to further develop the project so that a feasibility study is generated to ensure bank financing can be obtained. 

First oil from the field is planned in 2012. A full review of the neighboring Sea Lion prospect, located 4 miles (7 kilometers) to the northwest of West Seahorse, is being reviewed. If successful, the prospect may be tied-in to Seahorse's development.

continue reading about West Seahorse on SubseaIQ

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
United States Houston: Application Evaluation Specialist
Expertise: Drilling Engineering|Field Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours