Resalat

Project Overview

• Location: Typically, oil projects are specified by their geographical location, such as offshore or onshore, and the country or region. For example, the GranMorgu project is located 150 km off the coast of Suriname.

Partners and Ownership

• Operators and Stakeholders: Identify the companies involved, their roles, and their percentage of interest. For instance, the GranMorgu project involves TotalEnergies as the operator with a 50% interest, APA Corporation with 50%, and Staatsolie with an option to enter the project with up to 20% interest.

Reserves and Production

• Estimated Reserves: Specify the estimated recoverable reserves. The GranMorgu project has recoverable reserves estimated at over 750 million barrels.
• Production Capacity: Mention the expected production rate. For example, the GranMorgu FPSO is designed to produce 220,000 barrels of oil per day.

Infrastructure and Technology

• Facilities: Describe the key infrastructure, such as FPSOs (Floating Production Storage and Offloading units), platforms, and pipelines. The GranMorgu project includes a 220,000 barrels of oil per day FPSO unit.
• Technological Innovations: Highlight any innovative technologies or approaches used to minimize environmental impact or enhance efficiency. The GranMorgu project leverages technology to minimize greenhouse gas emissions, with a scope 1 and 2 emissions intensity below 16 kg CO2e/boe.

Timeline and Milestones

• Exploration and Appraisal: Mention the timeline for exploration and appraisal activities. The GranMorgu project completed a successful exploration and appraisal campaign in 2023.
• Final Investment Decision (FID): Note the date of the FID and any significant milestones. The FID for GranMorgu was announced in October 2024.
• Expected First Oil: Specify when the project is expected to start producing oil. First oil for the GranMorgu project is expected in 2028.

Environmental and Social Impact

• Environmental Considerations: Discuss any measures taken to minimize environmental impact. The Manifa project, for example, involved creating man-made islands to avoid damaging the fragile ecosystem.
• Local Content and Economic Impact: Describe the project's impact on local communities and the economy. The GranMorgu project is expected to boost domestic capabilities, investments, and create significant revenue prospects for Suriname.

Financial Aspects

• Total Investment: State the estimated total investment for the project. The GranMorgu project has an estimated total investment of around $10.5 billion.

Given the absence of specific details on the Resalat oil project, here is a hypothetical profile based on the above elements:

Resalat Oil Project Profile

Project Overview

• Location: Offshore, [specific region or country].

Partners and Ownership

• Operators and Stakeholders: [Company A] as the operator with [X]% interest, [Company B] with [Y]% interest, and [Company C] with an option to enter the project with up to [Z]% interest.

Reserves and Production

• Estimated Reserves: [Estimated recoverable reserves in million barrels].
• Production Capacity: Expected to produce [X] barrels of oil per day.

Infrastructure and Technology

• Facilities: Includes a [capacity] barrels of oil per day FPSO unit.
• Technological Innovations: Leveraging technology to minimize greenhouse gas emissions, with a scope 1 and 2 emissions intensity below [specific target].

Timeline and Milestones

• Exploration and Appraisal: Completed a successful exploration and appraisal campaign in [year].
• Final Investment Decision (FID): Announced in [month, year].
• Expected First Oil: Expected to start producing oil in [year].

Environmental and Social Impact

• Environmental Considerations: Implementing measures to minimize environmental impact, such as using best-in-class technologies to reduce emissions.
• Local Content and Economic Impact: Expected to boost domestic capabilities, investments, and create significant revenue prospects for the local economy.

Financial Aspects

• Total Investment: Estimated total investment of around [$X billion].