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La Concepcion
La Concepción area was originally awarded as an Operating Service Agreement (OSA) in PDVSA's Third Marginal Fields licensing round in June 1997. Th...
Laminaria/Corallina (Ceased)
The Laminaria and Corallina oil fields were discovered in October 1994 and January 1996 respectively. Laminaria straddles the AC/L5 and WA-18-L pro...
Langsa (ex-TAC) (Ceased)
The Langsa field grouping comprising the H and L oil fields is located 50 kilometres offshore North Sumatra. The L field was brought onstream in No...
Leased FPSOs – a more effective way to cut capex?
New-build purchased FPSOs have been used by the Majors and NOCs for their mega offshore developments. But with costs for new-builds remaining robus...
Lower 48 cost curve: comprehensive oil supply coverage
The L48 liquids cost curve reached a floor in the previous two years, and now it’s moving upward. Levers that historically drove improvement like w...
Lower 48 green shoots: step-outs and 2021 exploration
Lower 48 exploration always has a trigger price. Coming out of the 2015 crash, companies needed US$60/bbl to underwrite the associated risk of step...
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