oil and natural gas

We have major operations in some of the world’s most important oil and gas regions. We leverage innovation and the effective use of technology to maximize mature fields, discover new resources and meet the world’s growing demand for energy. Our teams around world advance projects focused on energy efficiency, flaring reduction and methane management. We plan to continue making progress in reducing upstream greenhouse gas intensity through technology development and partnerships.

Our upstream portfolio is anchored by key assets, including oil in Kazakhstan, LNG in Australia, shale and tight oil onshore U.S. and Argentina, deepwater assets in the U.S. Gulf of Mexico, and natural gas in the Eastern Mediterranean. These assets are complemented by other competitive assets globally.

The power of open collaboration in offshore oil and gas production

Open collaboration is a beacon of progress, signaling a departure from traditional siloed approaches. It entails the active involvement of multiple expert partner companies, collectively addressing pertinent challenges rather than operating in isolated domains. A fundamental principle of open collaboration is the acknowledgment that improving the performance of any single element of an FPSO necessitates a holistic view encompassing subsurface, subsea, and topside processing domains.

In this collaborative framework, digital tech infrastructure assumes a pivotal role. It envisions FPSOs as cohesive systems, unifying individual digital tech into a harmonized whole. This open platform approach facilitates the utilization of data in diverse contexts, contrasting with the current closed and proprietary systems. Early engagement in open collaboration offers the maximum scope for integrating workflows seamlessly. Implementing scalable digitalization and automation from the outset grants operators enhanced visibility into their operations, ensuring reliability, predictability, and optimal performance.

In the pursuit of open collaboration and its potential to reshape FPSO projects and operations, coalitions can be formed. Comprising various industry players—each with a specific expertise—these coalitions can embody a wealth of expertise and experience in the oil and gas domain, spanning reservoir to production and processing, both onshore and offshore.