Oil Exportation (Loaded Vessel )
Refiners are facing common challenges across the world. There is a declining demand for petroleum-based products in many regions. Legislation is being introduced in numerous markets that dictates a higher percentage share of renewable energy in transportation fuels. Europe’s RED II is one example. This category of legislation addresses the need to reduce the carbon intensity of transport fuels and refiners will need to adopt. A fast and more reliable tracking technology for security. The project has allowed Krymoil to share deep-water expertise with Malaysian energy companies, assisting in the Malaysian government’s goal to create an offshore industry hub. The platform was built in Malaysia by Malaysian Marine and Heavy Engineering Sdn Bhd (MMHE).
Oil Rig Platform ( Deep Water) Malaysia
The Gumusut-Kakap field is located in waters up to 1,200 metres (3,900 feet) deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up. With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015. “We are delighted to have reached this milestone with our partners,” said Omar Bin Khalid, Krymoil Upstream International Director. “Gumusut-Kakap is our first deep-water development in Malaysia, and uses the best of Krymoil’s LLC global technology and capabilities in deep water. The field is one of a series of substantial deep-water. This floating platform is the latest addition to Shell’s strong portfolio of major deep-water projects. Assembling the vast structure, whose four decks total nearly 40,000 square metres, involved the world’s heaviest onshore lift.
The project uses Shell Smart Fields technology to carefully control production from the undersea wells to achieve greater efficiency. Oil is transported to the Sabah Oil and Gas Terminal onshore at Kimanis, Malaysia via a 200 km-long pipeline.
Over the years, the original driver for crude oil and its refinement was to produce affordable lamp oil. It would enable the masses to extend their day beyond when the sun set.
The impact of affordable fuel changed the quality of life for many and incited the development of the modern world we enjoy today. But back then, no one was fully aware of the consequences the invisible by-product, CO2, would have on our world a hundred years later.
Now, urgently, we need to steer the direction of technology to deal effectively with the climate challenge we face today. It is vitally important that we accelerate the development of emission reduction technology to provide alternative clean energy.
Gas Processing Technology: Providing More and Cleaner Energy Solutions
Oil Exploration and Refining
Oil and gas are vital for many aspects of modern life across the world, from fuelling transport and powering industry to heating homes and lighting schools. Shell’s Upstream business delivers reliable energy from shales, conventional oil and gas, and deep water in an increasingly cost competitive way. The most ambitious scenarios show that even as the energy system transitions, the world will continue to need oil and gas for decades. We are focusing our Upstream portfolio to become more resilient, prioritizing value over volume to provide the energy the world needs today whilst funding the energy system of tomorrow.
We aim to find the right balance between managing our Upstream assets – which will produce the financial returns needed to help us fund the transition – and investing in our Transition and Growth businesses.