TOPICS OF INTEREST
ONGC Makes Discoveries in Colombia, Brazil
India’s ONGC reported an oil find in Colombia’s Llanos Basin as well as a gas and oil discovery in Brazil’s deepwater Sergipe Alagoas Basin.
Premier Oil Makes Gas Strike in UK North Sea
Development of the Tolmount East discovery will be fast-tracked, the operator said.
Shale Producers Adopt Geochemistry Fingerprinting to Quantify Cross-Well Production
Knowing which horizon crude oil flows from and in what proportions has been a major challenge for shale producers. Increasingly, they are turning to new technology to find the answer.
Weatherford Prepares for Difficult Services Market into Early 2020s
The company, which filed for Chapter 11 protection in June, revised downward its revenue projections amid lower expectations for the US oilfield services market and oil prices.
ADNOC, Russia Advance Oil and Gas Partnerships
Separate collaboration agreements between ADNOC and Lukoil, Gazprom Neft, and the Russian Energy Agency cover all segments of the oil and gas industry, including upstream technology and exploration and development of Abu Dhabi concessions.
EIA: US Gulf Oil Output To Continue Record Pace
New projects coming on stream will boost US gulf oil output to 1.9 million B/D in 2019 and 2 million B/D in 2020, EIA projects.
Neptune Energy to Buy Edison E&P’s North Sea Assets
The deal is contingent on Energean Oil and Gas completing its acquisition of Edison E&P, announced in July.
Petroleum Engineering Enrollment Projected to Drop Sharply
After a spike in enrollment in 2017, a significant downturn is projected.
Large Onshore Gas Field Discovered in Iran
The field is estimated to hold 19 Tcf, of which 13 Tcf is recoverable, NIOC reported 14 October.
More Permian Consolidation: Parsley Energy To Buy Jagged Peak
The move will bolster Austin-based Parsley’s holdings in the Delaware Basin, giving it a contiguous 120,000 net acres opposite of its original Midland Basin focus area.
Chevron, Repsol Awarded Most Blocks in Brazil’s 16th Round
The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.
BP Adds, Shell Subtracts Oil and Gas Resources
Heavy deal-making since 2015 by the two majors has resulted in very different upstream portfolios.
Canadian Startups Shine in Calgary Contest
The SPE Annual Technology Conference and Exhibition is fast becoming one of the essential venues for the energy industry’s growing array of startups. All startups awarded a cash prize this year for the viability of their offering call Alberta home.
The New Baker Hughes Goes From Blue To Green
The 100-year-old service company has joined the effort to achieve net-zero carbon emissions over the next 30 years. The move follows similar companywide efforts by BP and Shell.
Strong Flow Rates Seen From Dorado Appraisal Well Off Australia
Santos Energy said its second and final flow test from the Dorado field suggests potential flow rates of around 30,000 B/D from each Caley reservoir production well.
USGS: Appalachian Formations Hold Estimated 214 Tcf of Gas
The new numbers for the Marcellus Shale and Point Pleasant-Utica Shale represent large increases from previous USGS assessments of both formations.
EP Energy Seeks Chapter 11 Protection
EP Energy is now one of at least 200 North American exploration and production companies to have filed for bankruptcy since 2015.
Looney To Succeed Dudley as BP CEO
Dudley’s retirement will end an almost decade-long tenure in which he oversaw the company through the aftermath of the Macondo disaster and a generational oil-price slump.
2020 SPE President Promises to Focus on Strengthening Organization’s Engineering Core
Speaking on the final day of ATCE 2019 in her home province of Alberta, Shauna Noonan unveiled the theme of her 2020 SPE presidency, “SPE Strong: Strengthen the Core.”
Oxy Starts Up Solar Facility To Power Permian EOR
The 16-MW solar facility in Ector County, Texas, near Odessa, powers the Goldsmith field through deployment of 174,000 photovoltaic panels.
Enverus: Third-Quarter US Operator M&A Activity Surpassed $17 Billion
The current M&A market is characterized by an increase in private capital, geographical diversity, and a variety of transaction types, including joint ventures and royalty deals.
Transocean Deploys Hybrid Floating Drilling Rig Off Norway
The hybrid power technology cuts fuel consumption and boosts the dynamically positioned rig’s station-keeping reliability, the drilling contractor says.
Women in Energy Share Tips, Tricks, and Wisdom at Inaugural Meeting
The real challenge of attracting and retaining women to the industry is unrelated to gender.
EIA: US Crude Production Fell for Third Straight Month in July
Output fell below 12 million B/D and was down more than 300,000 B/D from an all-time high in April, according to data from the US Energy Information Administration.
Aggressive Stimulation Design Yields Better Returns
The authors examine methods of adopting an aggressive approach to optimizing stimulation design to lower the break-even level of operations and evaluate the results.
Artificial Intelligence Improves Seismic-Image Reconstruction
Seismic imaging provides vital tools for the exploration of potential hydrocarbon reserves and subsequent production-planning activities. The acquisition of high-resolution, regularly sampled seismic data may be hindered by physical or financial constraints.
Data-Driven Analytics Provide Novel Approach to Performance Diagnosis
This work describes a heuristic approach combining mathematical modeling and associated data-driven work flows for estimating reservoir-pressure surfaces through space and time using measured data.
Data-Driven Tool Uses Amplitude-Based Statistics To Identify Seismic Fractures
The authors present a novel data-driven tool for fast fracture identification in post-stack seismic data sets.
Frac-Packing Previously Gravel-Packed Well Offers Alternative to Expensive Sidetracking
This paper details the design and execution of what the authors say they believe is the first successful frac-pack operation in a previously gravel-packed well.
Industry Struggles With Enhanced Recovery for Unconventional Reservoirs
This paper reviews the IOR/EOR technologies currently being applied to unconventional oil reservoirs.
Integrated Deepwater MPD Control System Increases Accuracy, Ease of Use
This paper presents lessons learned regarding design, testing, and installation of a completely integrated managed-pressure-drilling (MPD) control system on a deepwater drilling rig.
Managed-Pressure Cementing Provides Zonal Isolation in Deepwater Gulf of Mexico
This paper presents the design considerations, methodology, and results of two deepwater MPC operations conducted to cement production casing strings within a target operating window of approximately three-tenths of a pound.
MPD Monitoring Technique Allows Rapid Redesign, Flexibility
This work focuses on the development of specific methodologies to support managed-pressure-dilling (MPD) operations implemented on real-time diagnostic software.
New Model Enhances Flux Management in Sand-Control Completions
This paper discusses a probabilistic flux and erosion model and work flow that extend the ability to estimate inflow through sand screens on a foot-by-foot basis along the wellbore using the well's completion details, production rate, and reservoir and bottomhole flowing pressures.
Offshore Drilling and Completion
Measured-pressure approaches have offered much promise for some time but have been slow to reach widespread application. A spate of technical developments, deployments, trials, and applications, however, recently has pushed measured-pressure drilling and its nuanced variants to their full potential.
Optimization Work Flow Maximizes Value of Unconventional Fields
Well spacing optimization is one of the more important considerations in unconventional field development.
Sand-Control Technology for Water Injectors Improves Well Performance
In 2014, a research and development (R&D) project was initiated to increase the life expectancy of Gulf of Mexico (GOM) Miocene and Lower Tertiary water-injection (WI) wells, several of which had suffered a severe loss of injectivity within only a few years of completion.
To Spark Real-Time Revolution, Fracture Diagnostic Firms Partner Up and Innovate
The types of advancements made in real-time drilling data acquisition and processing are now on the doorstep of the North American completions sector. Technology developers are banding together under the umbrella of “coopetition” in a bid to change the way producers fracture tight reservoirs.
Industry’s Difficult Task: Meet Global Demand While Lowering Emissions
Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.
Louisiana Austin Chalk: Hundreds of Millions Down the Drain?
ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Meanwhile, an Australian operator flying under the radar continues to pursue the adjacent-but-even-more-challenging Tuscaloosa Marine Shale.
For Subsea Technology, “Necessity is the Mother of Invention”
Subsea advancements in the works include longer tiebacks, an underwater drone that lives on the seafloor, and a robotic manifold capable of actuating dozens of valves. Do these new capabilities, born of necessity, signal a sea change in industrywide technology development?
Dallas Fed Survey: Oilfield Service Woes Fuel 3Q Upstream Industry Contraction
Lower equipment utilization and prices have worsened the pain for oilfield service companies in Texas, New Mexico, and Louisiana, while operators continue to grapple with the industry’s shifting business climate.
Report: “Simple” Well Spacing Calculations are Inaccurate and Costly
Figuring out how far apart to place horizontal wellbores remains one of the biggest challenges facing the future of the shale revolution. One roadblock appears to be the way in which the sector has traditionally measured these distances.
BP Appraisal Well Proves “World-scale Gas Resource" Offshore Senegal
The Yakaar-2 appraisal well encountered 30 m of net gas pay in a similar high-quality Cenomanian reservoir as the Yakaar-1 discovery well drilled in 2017.
Testing a System Where Machines Decide How Much to Pay a Trucker, and Send a Check
Ten big names in the oil and gas business created a group to try out ways to use blockchain in the oil business, and test if the record keeping and automatic data collection software can track water shipments more efficiently.
As Oil and Gas Data Multiply, so Do the Cybersecurity Threats
Saudi Aramco, BP, and Schlumberger pride themselves on staying at the forefront of digital technology development and deployment. But an equally daunting challenge for the industry heavyweights is keeping their ever-expanding digital systems secure.
Summer of Funding: These Oil and Gas Startups Raised More Than $70 Million
Technology startups are breathing new life into an old industry with advanced software and emerging chemistry solutions. Learn about some of the names earning the most attention from the industry's venture capital groups.
Aramco Plan to Restart Damaged Oil Facilities “Optimistic”
Rystad estimates almost 2 million B/D will remain shut in on average during September and October, with full restoration to pre-attack levels not coming until closer to year end.
Chevron, Schlumberger, Microsoft Team To Improve Digital, Petrotechnical Work Flows
The combination of digital technologies will enable Chevron—and, eventually, other companies—to process, visualize, interpret, and glean insights from multiple data sources, the companies said.
ExxonMobil, Tullow Lift Guyana Offshore Discovery Count to 16
ExxonMobil has now made 14 discoveries offshore Guyana, while Tullow's announcement of its second find in the basin comes just a month after reporting its first.
Supply Shock: Reactions to the Attack on Saudi Oil Facilities
Oil prices rose on the news that Saudi Arabian production was disrupted by aerial attacks. The massive outage might may boost US exports to new highs.
Is Service Sector Headed for Recession?
Still recovering from the oil price downturn, oilfield service companies are facing more headwinds.
Shale Sector’s Switch to Slickwater Highlights Compatibility Issues with Produced Water
Not all friction reducers are created equal. With dozens of varieties on the market, industry research suggests that oil and gas companies be choosy.
Study of DUCs Concludes Better Later than Never
Average production from Bakken wells completed more than 3 years after they were drilled was approximately equal to wells drilled a year before they were put into service, according to a study by the US Energy Information Administration.
Schlumberger CEO Outlines New Vision for Company
In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations.
IPO Leads to Leadership Change at Saudi Aramco
The move to split oversight of Aramco from the Energy Ministry ends decades of tradition but is designed to avoid conflicts of interest ahead of what could be the largest IPO in history.
Alliances Drive Upstream Digital Deployment
Partnerships with big tech, tech startups, and innovative service companies—and the merging of their data, cloud, and software applications—are proving essential for operators in the scaling phase of digital deployment. Equinor, Microsoft, and Halliburton are among those joining forces.
North Sea Still a Big Part of Total’s Future
Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years.
Benefits of Low-Dosage Hydrate Inhibitors
This paper summarizes historical advancements in low-dosage hydrate inhibitors (LDHIs) over the past 2 decades, discusses their advantages and limitations, and their selection criteria.
Chemical Tracer Flowback Data Help Understanding of Fluid Distribution
This paper presents a data set involving the pumping of multiple, unique chemical tracers into a single Wolfcamp B fracture stage.
Colombia’s New Ambitions Include Caribbean and Shale Development, But Are They Achievable?
Colombia is walking a thin line between becoming another fading petroleum province and Latin America’s next big success story. Its aces in the hole: unleashing its nascent offshore and unconventional sectors.
Considering Time and Space in Drilling and Completion Can Reduce Well Interference
The complete paper describes a physics-based model of interference and a sensitivity study to propose guidelines for well spacing and a drilling timeline for multiple horizontal wells in the Vaca Muerta shale.
Drilling Change Requires Changing Drillers
Drilling change requires training drillers. Leadership matters, as does motivation, engaging displays, and understanding office politics. Four different looks at the human side of drilling productivity improvement.
Evaluation of a Riser After 10 Years of GOM Service Life
As part of an effort to evaluate existing riser systems, an operator launched an inspection and testing program to investigate risers retrieved following well abandonment after a service life of nearly 10 years in the Gulf of Mexico.
Extra-Long Subsea Tiebacks Reduce Deepwater Development Costs
The complete paper presents and discusses the authors’ technology-development program regarding very-long oil-tieback architectures (50–100 km) and enabling technologies.
Improving Temperature-Logging Accuracy in Steamfloods
The objective of this study was to look at factors that can affect a temperature log and steps that can be taken to improve temperature-measurement accuracy.
Innovative Design and Execution Lead to Successful Grand Banks Platform Operations
The Hebron platform was successfully installed on the Grand Banks offshore Newfoundland and Labrador in June 2017. It consists of a single-shaft concrete gravity-based structure (GBS) supporting an integrated drilling and production topsides.
Integrating Fractional Flow Into Reservoir Surveillance Improves GOM Production
A case study in the deepwater Gulf of Mexico in which pressure transient analysis, fractional flow, and production logging tools were integrated to identify correctly the cause of, and execute an effective remedy for, a well’s productivity deterioration.
Locally Sourced, Ecofriendly Hydrate Inhibitor Effective in Simulated Offshore Environment
The complete paper investigates gas-hydrate inhibition in a simulated offshore environment using a plant extract (PE) as a local inhibitor.
What is the definition of offshore-facilities project success in the context of Industry 4.0? Generally, cost, time, and scope are the common project-success indicators. However, I believe we can expand these indicators to the social and environmental areas.
Optimization Framework Improves Mariner Field Development
The growing popularity of model-based optimization work flows has resulted in an increase in their application to field cases.
To “Right Size” Fractures, Producers Adopt Robust Monitoring and Custom Completions
If you can see it, then maybe you can control it. This sums up the latest quest that the unconventional engineering community embarked upon to get a better understanding of proper well spacing and how fractures really interact.
Selling Drilling Data like a Smart Phone
Corva’s challenge is to change the behavior of drillers who work for somebody else. The fast-growing company has no shortage of users.
Study Evaluates Hydrate Antiagglomerants
A common hydrate-management strategy involves the use of large volumes of thermodynamic inhibitors (THIs) to operate outside the hydrate-stability region.
Equinor Picks 10 New Startups for Accelerator Program
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
Eni Makes Big Gas, Condensate Discovery in Nigeria
The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said.
“Dominator Project” Raises Key Questions About Future of Cube Drilling
The shale sector is studying the results of a 23-well experiment in the southeastern corner of New Mexico to learn what the wider implications might be.
BP To Sell Alaska Business to Hilcorp
The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips.
PDC Energy and SRC Energy Merge in Latest Shale Deal
The shale sector is making moves to consolidate amid investor pressure to increase cash flow. This deal will form the second-largest producer in Colorado’s DJ Basin.
Dallas Fed: US Shale Boom Accounted for 10% of US GDP Growth
Researchers from the Federal Reserve Bank of Dallas quantified the economic impact of the US shale revolution for the first half of this decade.
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