EXPLORATION, DRILLING AND PRODUCTION OF OIL AND NATURAL GAS
We’re leaders in working in extremely difficult environments, and we have major operations in some of the world’s most important oil and gas regions. Our Upstream business combines innovation and the effective use of technology to maximize mature fields, discover new resources and meet the world’s growing demand for energy. Through targeted investments and a consistent focus on operational excellence, we are developing the next generation of legacy producers. providing energy for progress
Exploration is essential to our business. Our focus areas are the deepwater U.S. Gulf of Mexico, offshore Western Australia, West Africa, and shale and tight resource plays here in the New Zealand. In 2022, we plan to drill 25 exploration and appraisal wells worldwide. Our technological capabilities are constantly evolving to meet new challenges and play a pivotal role in bringing new resource opportunities and proved reserves into production through major capital projects. Our robust project portfolio is poised to bring significant new resources to global markets.
Our robust project portfolio is poised to bring significant new resources to global markets.
Crude oils and natural gases are mixtures of hydrocarbon molecules (organic compounds of carbon and hydrogen atoms) containing from 1 to 60 carbon atoms. The properties of these hydrocarbons depend on the number and arrangement of the carbon and hydrogen atoms in their molecules. The basic hydrocarbon molecule is 1 carbon atom linked with 4 hydrogen atoms (methane). All other variations of petroleum hydrocarbons evolve from this molecule. Hydrocarbons containing up to 4 carbon atoms are usually gases; those with 5 to 19 carbon atoms are usually liquids; and those with 20 or more are solids. In addition to hydrocarbons, crude oils and natural gases contain sulphur, nitrogen and oxygen compounds together with trace quantities of metals and other elements.
Vaquant Construction Limited Company-An Energy Petroleum Engineering Construction Company believed Crude oil and natural gas have been formed over millions of years by the decay of vegetation and marine organisms, compressed under the weight of sedimentation. Because oil and gas are lighter than water, they rose up to fill the voids in these overlying formations. This upward movement stopped when the oil and gas reached dense, overlying, impervious strata or nonporous rock. The oil and gas filled the spaces in porous rock seams and natural underground reservoirs, such as saturated sands, with the lighter gas on top of the heavier oil. These spaces were originally horizontal, but shifting of the earth’s crust created pockets, called faults, anticlines, salt domes and stratigraphic traps, where the oil and gas collected in reservoirs.
Oil will continue to provide the largest share of the energy mix: essential for transportation and chemicals — supplying about 55 percent of the world’s energy needs through 2040. Vaquant Construction Limited Company-An Energy Petroleum Engineering Construction Company has a long history of research in the fundamental scientific and engineering principles required to develop oil and gas. Many conventional onshore oil fields are maturing. Meeting rising energy demand requires new production from less traditional resources, like oil sands. Most of the world’s remaining reserves are owned or controlled by national governments. Only a fraction of total global oil reserves are accessible for private sector investment, with most of these accessible reserves in Canada’s oil sands. Through the responsible development of its oil sands, Canada continues to play an increasingly important role in meeting rising global energy demand.
