EI330 - Arena

Project Profile: EI330 - Arena Oil Project

Project Overview

The EI330 - Arena Oil Project is a significant oil and gas development initiative aimed at exploring, developing, and producing oil reserves in a designated area. Here is a comprehensive profile of the project:

Location

• Geographical Coordinates: 54.3217° N, 7.1234° W (example coordinates, actual coordinates may vary)
• Region: Offshore, North Sea (or specific region where the project is located)
• Country: United Kingdom (or the country where the project is situated)

Project Stakeholders

• Operator: [Name of the operating company, e.g., Shell, BP, or a local oil and gas company]
• Partners: List of partner companies involved in the project, including their equity stakes.
  • Example: Shell (50%), BP (30%), Local Oil Co. (20%)
• Regulatory Bodies: Relevant government agencies and regulatory authorities overseeing the project.
  • Example: UK Oil and Gas Authority, Department for Business, Energy & Industrial Strategy

Project Timeline

• Discovery Year: The year when the oil field was first discovered.
  • Example: 2010
• Development Phase Start: The year when the development phase of the project began.
  • Example: 2015
• First Oil Date: The date when the first oil was produced from the field.
  • Example: January 2020
• Projected End of Production: Estimated year when the field is expected to cease production.
  • Example: 2040

Technical Details

• Reservoir Characteristics:
  • Depth: Average depth of the reservoir.
    • Example: 2,500 meters
  • Type: Type of reservoir (e.g., sandstone, carbonate).
    • Example: Sandstone
  • Porosity and Permeability: Average porosity and permeability of the reservoir.
    • Example: Porosity - 20%, Permeability - 100 mD
• Oil Characteristics:
  • API Gravity: The API gravity of the crude oil.
    • Example: 35° API
  • Viscosity: Viscosity of the crude oil.
    • Example: 10 cP at reservoir conditions
• Production Capacity:
  • Peak Production Rate: Maximum oil production rate expected from the field.
    • Example: 50,000 barrels per day
  • Current Production Rate: Current oil production rate from the field.
    • Example: 30,000 barrels per day

Infrastructure and Facilities

• Platform/Installation Type: Type of offshore installation used (e.g., fixed platform, FPSO, subsea production system).
  • Example: Fixed Platform
• Processing Facilities: Description of on-site processing facilities.
  • Example: Includes oil separation, gas compression, and water treatment units.
• Transportation Infrastructure: Details on how the produced oil is transported to shore or other facilities.
  • Example: Oil is transported via a subsea pipeline to a nearby processing terminal.

Environmental and Safety Considerations

• Environmental Impact Assessment: Summary of the environmental impact assessment conducted for the project.
  • Example: The assessment identified potential impacts on marine life and measures to mitigate these effects.
• Safety Measures: Overview of safety protocols and emergency response plans in place.
  • Example: Regular safety drills, emergency response teams, and advanced safety equipment.

Economic and Financial Aspects

• Capital Expenditure (CapEx): Total investment required for the development of the project.
  • Example: $1.5 billion
• Operating Expenditure (OpEx): Annual operating costs associated with the project.
  • Example: $200 million per year
• Revenue Projections: Estimated annual revenue from oil sales.
  • Example: $1 billion per year at current oil prices

Community and Social Impact

• Local Community Engagement: Initiatives and programs to engage and benefit local communities.
  • Example: Job creation, community development projects, and educational programs.
• Social Responsibility: Overview of the project’s social responsibility initiatives.
  • Example: Support for local businesses, environmental conservation efforts.

Regulatory Compliance

• Licensing and Permits: Details of the licenses and permits obtained for the project.
  • Example: Production License from the UK Oil and Gas Authority
• Compliance with Regulations: Overview of how the project complies with relevant regulations and standards.
  • Example: Compliance with UK Health and Safety Executive regulations and international environmental standards.