May 2020 | Volume 72, Number 5
Feeding the Growing Appetite for Reality-Based Drilling Data
Drilling still depends on human judgment to solve many problems. Some of the problems are big, and others are related to niggling details. This article discusses three innovations aimed at improving the data flows.
Human Rights as a Sustainability Goal
While sustainability is approached through various means within the industry, at its core is the welfare of human beings. Recent SPE papers demonstrate the importance of human rights in the industry’s drive toward sustainability.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Finding Oil Is Really Hard, Making Money Even Harder
Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.
Three Money-Saving Ideas To Frac Faster
Faster drilling speeds have become one of the major obsessions of the shale sector in recent years. But since completions represent up to 70% of a new well’s cost, maybe this side of the business needs more attention now.
Asphaltenes: A Complex and Challenging Flow Assurance Issue To Measure and Quantify Risk
Researchers use novel methodology to measure the thermo-electric properties of native crude.
Keys to Better Water Management: Seeking Sustainability Amid the Chaos
The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability.
OPEC+ Moves To End Price War With 9.7 Million B/D Cut
Reductions will begin next month and last until June. After that, major oil producers around the world plan to step down from the cuts in phases that extend to 2022.
Offshore Discoveries Continue Even as Shale Slows
Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.
Russian Government Buys Venezuelan Assets From Its Own Oil Company
US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.
Chevron Hits the Brakes on Permian, Cuts $8 Billion Across Company
The international major has lowered its output forecast in the world’s most prolific unconventional basin by 20%.
Prophets of doom have argued that there will be no cyclical upturn this time, that conventional offshore oil and gas developments, with the odd exception, have been squeezed out of the cost curve by the rise of tight oil. Yet there are signs of recovery that might breathe life back into the sector.
Principal Reservoir Engineer, BHP
The future of intelligent operations in our industry is being driven by advances from other sectors that have been embraced for petroleum applications. Foundational changes already taking place include advances in the type and volume of data being acquired and how the data are used.
Bernt S. Aadnøy
Professor of Petroleum Engineering, University of Stavanger
Principal Engineering Instructor, Schlumberger
Cementing and Zonal Isolation
This year, excellent papers have been presented, augmenting our knowledge and responding to the challenges of complex wells and efficiency requirements. At the same time as we “Strengthen the Core,” we continue to focus on design, delivery, and evaluation of cementing operations.
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ON THE COVER
2020 SPE President
Acting JPT Managing Editor
01 May 2020
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