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  • World of Oil


    Krista H. Kuhl

    On April 22, Saudi Aramco began production at Khursaniyah Field. Expected production capacity at the field is around 500,000 bpd. The field should be producing 300,000 bpd within a month. Independence Hub gas platform, located in the Gulf of Mexico, is expected to resume production in mid-June. Production was originally scheduled to resume mid-May, but Enterprise Products Partners said recent repairs to the platform’s associated Independence Trail gas pipeline will require further work. Production at the hub stopped in early April after a leak was discovered on Independence Trail. On May 5-8 the Offshore Technology Conference (OTC), the world’s largest offshore event, was held in Houston. Attendance at this year’s OTC reached 75,092, a 26-year high. Attendance increased 11% from 2007. On May 13, PetroChina shut in several oil and gas wells and suspended flows through a major oil products pipeline to check for possible damage after an earthquake hit the Sichuan province.

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