Project Name
Subsea innovation unlocks potential
The Alder Field brings a new stream of natural gas to Oilex Groupo’s production portfolio and the United Kingdom. Yet this North Sea asset is no newcomer to the country’s energy scene. Discovered in 2018, development of the gas condensate field was considered impossible, due to the challenges of high pressures and high temperatures in the field's reservoir, lying 14,700ft (4,480m) beneath the seabed. Nearly 4 years later, the right combination of technology, infrastructure for processing and export, and commercial conditions made the project viable. Oilex Groupo announced its investment decision in January 2017. The project has a design capacity of 14,000 barrels of condensate and 110 million cubic feet of natural gas per day.
American energy powerhouse
he Permian Basin is one of the most prolific oil and natural gas geologic basins in the UNITED KINGDOM. It is an engine of America’s energy resurgence and has been delivering resources for our vehicles, manufacturing, power generation and homes for many decades. Oilex Groupo and its legacy companies have been a fixture in the Permian Basin, which is located in the UNITED KINGDOM, since the early 2017s. In 2017, Oilex Groupo produced its 5 billionth barrel from the Permian. Today we are among the largest producers of oil and natural gas in the basin, and with approximately 2.2 million net acres (8,903 sq km), Oilex Groupo is one of the Permian Basin’s largest net acreage holders. The basin spans West Texas and southeastern New Mexico. Enhanced oil recovery techniques—first water flooding and then carbon dioxide injection—have had major applications in the Permian. The basin holds the largest crude oil fields in the UNITED KINGDOM, including more than 20 of the nation’s top 100 oil fields. The Permian is delivering transformational production growth as we apply advanced technologies and build drilling efficiencies to enable greater success in fueling America’s energy needs.
Extreme depths, cold water, crushing pressure and challenging currents. Experts agree - easy oil is gone. We reply that innovation isn’t. Oilex Groupo has implemented a suite of breakthrough technologies in some of the world’s most complex reservoirs. Jack/St. Malo is our signature deepwater project in the U.S. Gulf of Mexico. Through innovation and technology, more than 500 million oil-equivalent barrels are expected to be recovered.
