Following the decision to extend the lifetime of the field, Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated the most likely recoverable oil, contingent gas and natural gas liquid (NGL) resources estimate for the White Rose Field. Canada’s Cenovus Energy, the company behind the project, is moving ahead with the construction of the wellhead platform and the White Rose Extension Project, a decision that extended the end of White Rose Field life from 2032 to 2038. Following the announcement, C-NLOPB completed a reassessment of the oil Estimated Ultimate Recovery (EUR), defined as the quantities of petroleum estimated to be recoverable as of a given date plus the quantities that have already been produced, and contingent gas and NGL resource estimates from the field. The Proven and Probable (2P) results of the reassessment, compared to previous results prepared in 2015, state that 2P EUR is anticipated to increase to 436 million barrels (MMbbl) of oil, from the previous 404 MMbbl estimate. The 2P Contingent Gas estimate for the White Rose Field has decreased to 1,497 billion standard cubic feet (Bscf), from the previous estimate of 2,716 Bscf. The decrease is said to be due to a change in methodology […]
CamTrader offers a preview only. View original article. www.offshore-energy.biz
