July 2020 | Volume 72, Number 7
Macondo Changed BOPs, but There Is a Limit
A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change.
Hit by the pandemic, the oil market crash, and the transition to a low-carbon energy future, exploration companies are spending bare budgets on near-term production and high-impact exploration.
AI Meets HMI: Next-Gen Robots Take on the Tough Tasks To Reduce Risks on Rigs
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull.
Legends of Artificial Lift
Each year at the SPE Artificial Lift Conference and Exhibition, energy professionals convene to connect, grow, and learn—and also to laud outstanding innovators in their field.
The Digitalization of Bottle Tests: Nuclear Magnetic Resonance Evaluation of Emulsion Stability
Bottle tests are the preferred method to test petroleum emulsion stability in the industry today. A new technique using nuclear magnetic resonance (NMR) is available to evaluate both stability and demulsification behavior of emulsions.
Use of Low-ECD Synthetic-Based Mud During Topdrive Failure
While drilling in deepwater Gulf of Mexico, a topdrive failure forced the shutdown of all drilling operations for the rig operator and lasted for 114 hours.
Understanding Well Interference and Parent-Child Well Relationships With Liquid Molecular Chemical Tracer Technology
In an era where capital markets are hitting the brakes on funding the US shale sector, operators have increasingly pivoted from production growth to maximizing the rates of return via lower-cost wells.
The Chow Pressure Group: Shut-In Wells Offer Case for a New Approach to Interference Testing
As wells across the US shale sector are brought back onto production, they may want to do so strategically to learn about the connectivity of their wells. One challenge will be in selecting a model that delivers the most insight.
Reservoir Commentary: Potential Implications of Long-Term Shut-Ins on Reservoir
New commentary from the SPE Reservoir Advisory Committee (RAC) provides key high-level insights on the potential consequences of long-term shut-ins on conventional and unconventional reservoirs.
01 July 2020
Foutch Laredo Petroleum appointed William Albrecht, SPE, as independent chairman of the company’s.......Read More
01 July 2020
Eni appointed Claudio Descalzi, SPE, as CEO and general manager. Descalzi has been Eni’s CEO since 2.......Read More
Price-Plunge Fallout: Let’s Make a Deal
Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.
ONGC Awards 49 Marginal Fields to 7 Companies
The Oil & Natural Gas Corporation (ONGC) has invited bids for partnership to raise production from 64 marginal fields that were given to the company by the government without bidding. As they are small in size, these fields are uneconomical for a larger company.
Lower Natural Gas Production Predicted for 2020
In its May 2020 Short-Term Energy Outlook, the US Energy Information Administration (EIA) forecast US-marketed natural gas production to decrease by 5% in 2020. Production is expected to average 94.3 Bcf/D in 2020, down from 99.2 Bcf/D in 2019.
Petrobras Books $11.2-Billion Impairment
Petrobras has taken a 65.3-billion Brazilian real ($11.2-billion) impairment on its exploration and production (E&P) assets, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent.
Qatar Petroleum To Acquire Two Exploration Blocks in Côte d’Ivoire
Qatar Petroleum entered into a farm-in agreement with Total E&P to acquire a 45% participating interest in two blocks located in the Ivorian-Tano basin, offshore the Republic of Côte d’Ivoire.
NOCs To Slash Over a Quarter of Exploration Budgets
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, said Wood Mackenzie.
Total Puts the Brakes on Oil Deal With Occidental
Houston-based Occidental had earmarked the money to ease debt from buying Anadarko.
Neptune Exits Deal With Energean for North Sea Assets
Neptune must pay Energean a break-up fee of $5 million for cancelling what was to be a $250 million deal.
Principal Reservoir Engineer, Santos
Fit-for-purpose tactics likely will be of ever-increasing focus going forward. If it is not adding value, it should not be done. But “fit for purpose” encompasses a wide range of possibilities—leveraging new approaches as well as learning from old approaches and improving current approaches.
Chief Production Engineer, Santos
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ON THE COVER
2020 SPE President
Strengthening the SPE Conference Experience
Of all the programs that SPE offers, the most rewarding and enjoyable ones for me personally are the conferences. I love walking the floor of an exhibition hall, discovering the latest technology advancements, and listening to the various product demonstrations.
Acting JPT Managing Editor
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