TOPICS OF INTEREST
Total Tapped as Industry’s Top Explorer
Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.
Norway Opens New Realms of Arctic Oil Exploration
A new licensing round will open up 136 blocks in the Arctic Barents Sea.
Lagos Court Rulings Thwart Nigerian Oilfield Licensing Round
Country had hoped to boost oil output and bring in much-needed revenues.
Wintershall Dea Makes Third Oil Discovery in Less Than a Month
Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
Smaller Companies Attempt Life-Saving Measures To Stem Economic Suffering
Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
US Drilling Consolidation: Intrepid Buys Gyrodata’s Directional Unit
The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business.
Diamond Offshore Files for Bankruptcy
The chapter 11 filing comes as record-low crude prices and excess supply have impacted operations across the industry. About 2,500 jobs could be at stake.
Equinor Makes First Discovery in Gulf of Mexico Since 2015
The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.
In Search of a Flowmeter That Is Sensitive but Tough
Measuring the flow of water, mud, and cuttings from a well is critical, and difficult. A new flowmeter design that promises to be both accurate and durable is one of three technologies featured in a JPT series on drilling measurement innovation.
Upstream Digitalization Is Proving Itself in the Real World
For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. So are the challenges.
UPDATE: Oil Industry Budget Cuts Adding Up Across the Globe
The list of companies that are slashing millions and sometimes billions from their annual spending programs is growing longer as the ripple effects of a price war and pandemic spread across the globe.
Industry Faces Long Road to Recovery
Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good.
Don’t Tell Them You Are Using Excel
Engineering career tip of the day: If you are using Microsoft Excel at work, don’t leave it open on your computer when your boss is nearby.
Equinor Strikes Oil at New North Sea Discovery
Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development.
Transocean's Backlog Signals A Deepwater Revival
Transocean reported a long list of reasons why the deepwater drilling business is coming back strong. Making money is still not one of them.
Eni Makes Another Discovery Offshore Mexico, Expects Several More
The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.
Why Shell Drilled a “Horseshoe” Well in the Permian Basin
Sometimes problems turn out to be an opportunity to try something new. In this case, the result was a well design unlike anything most in the shale sector have seen before.
Without exception, the featured articles reflect increased volumes of surface and downhole data that are being captured and analyzed to enable deep learning, improved efficiency, safety, and value.
SPE Technical Directors’ Outlook: Tearing Down the Walls Among Disciplines
Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term.
Legacy Providers Lose Ground In Texas’ Crowded Directional Drilling Market
Directional drilling and measurement-while-drilling technology has become so democratized in the Texas shale sector that no provider holds more than 8% of the market share.
BP Confirms Further Gas Potential Offshore Mauritania, Senegal
Three appraisal wells drilled this year—GTA-1, Yakaar-2, and Orca-1—targeted nine hydrocarbon-bearing zones, encountering gas in high-quality reservoirs in all zones and yielding a combined 160 m of net pay.
Devon Teams with Dow to Develop STACK Acreage
Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.
Pemex Makes 500 Million Barrel Discovery
The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.
Colombia Awards 14 Onshore Blocks
Calgary-based Colombia producers Canacol Energy and Parex Resources led all firms by gaining three blocks each, with one more counteroffer from Parex pending review.
Apache To Deepen Suriname Exploration Well, Conduct Further Tests
Industry awaits the results of Apache’s Maka Central-1 exploratory well offshore Suriname, where high expectations follow the rapid exploration success of neighboring Guyana.
ADNOC Launches Rig Fleet Expansion Program
ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025.
West Mira Semisubmersible Deploys Hybrid Power Plant
By using the four converter-battery systems, the operator estimates it will be able to reduce the runtime of the rig’s on-platform diesel engines by 42%, cutting CO2 emissions by 15% and NOx emissions by 12%.
Canadian Drilling To Drop Further in 2020
Canadian drilling activity has fallen measurably in 2019, and the outlook is even worse for 2020, according to a forecast from the Petroleum Services Association of Canada.
Hess To Tie Back Deepwater US Gulf Oil Discovery
The Esox-1 well encountered 58 m of high-quality oil-bearing Miocene reservoirs and will be tied back to Tubular Bells production facilities.
BP Discovers Gas with Orca-1 Well Offshore Mauritania
The Orca-1 and Marsouin-1 wells have derisked up to 50 Tcf of gas initially in place from the Cenomanian and Albian plays in the BirAllah area, more than sufficient to support a world-scale LNG project, partner Kosmos Energy said.
Eni, EGPC Fast-Track Gulf of Suez Appraisal Well
The Sidri 36 appraisal well confirmed the downdip westward extension of the Sidri 23 discovery announced last July by the Italian major.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tullow Joins Guyana Success Story With Jethro Discovery
The discovery marks London-based Tullow’s first operated contribution to a long list of discoveries since 2015 in the emerging petroleum province.
Anadarko’s Digital Legacy Offers a Template for Others
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems.
US Onshore Drilling Decline to Continue, Rig Contractors Say
Leaders from two large US onshore rig contractors said their expectations that the rig-count slide would hit a second-quarter bottom were off and are now refraining from making new predictions as to when it will end.
Eni Appraises Angola Discovery, Makes Another Off Vietnam
The Italian operator reported positive appraisal and exploration results from wells drilled some 10,000 km apart.
Santos To Resume Shale Drilling in Australia’s Northern Territory
The green light for Santos Energy’s drilling program in the McArthur Basin comes after a moratorium on hydraulic fracturing in the Northern Territory was lifted in 2018.
Directional Drilling Becomes Office Work at Chevron, Hess
Moving their directional drillers into their Houston real-time remote operations centers has improved drilling efficiency for two of the top shale producers.
PTTEP Discovers Giant Gas Deposit Offshore Malaysia
Energy consultancy Wood Mackenzie estimates the find holds some 2 Tcf of gas, making it this year’s seventh-largest discovery worldwide.
Zama Appraisal Program Offshore Mexico Ends With Positive Results
Operator Talos Energy now believes Zama’s gross recoverable resource lies in the upper half of its pre-appraisal estimate of 400–800 million BOE. The consortium is working toward a 2020 final investment decision on the project.
Report Recounts the Missed Signals Leading to a Blowout that Killed Five
Regulators say the blowout that killed five workers on a Patterson-UTI rig in Oklahoma was the product of a slow-moving series of missed signals, misleading testing, and miscalculations that failed to control a natural gas influx.
ExxonMobil Proceeds with Long-Term Vaca Muerta Shale Oil Development
Up to 55,000 BOE/D of output is expected from the ExxonMobil-operated Bajo del Choique-La Invernada block in the Argentine shale play, with a possible second phase producing up to 75,000 BOE/D.
Dorado Discovery Off Australia Is Bigger Than Expected
After drilling the Dorado-2 appraisal well, operator Santos Energy now expects a big increase in gas resources from predrill estimates, adding to one of the largest oil resources ever found on Australia’s North West Shelf.
Thirty Firms Awarded Blocks in UK’s 31st Offshore Licensing Round
The round marked a continuation of a recent trend on the UKCS in which lesser-known firms and newcomers have gained stature, replacing more-familiar, bigger operators that have pared down their North Sea positions.
Eni Tallies Fifth Oil Discovery in Angola Deepwater Exploration Campaign
The Agidigbo find follows the Kalimba, Afoxé, Agogo, and Ndungu discoveries. The five discoveries combined hold an estimated 1.8 billion bbl of light oil in place.
Malaysia’s Petronas is Looking Near and Far for Gas and Oil
The state-owned firm is looking within its home country, around Southeast Asia, and to the Americas—including shale—in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years.
China’s Shale Dream Rests Atop Chaotic Geology
As the country pushes for higher output from its emerging unconventional sector, nature is pushing back. To get better results, operators there are increasing their reliance on technology.
Idle Drilling Rigs Actually Require a Lot of Work
When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
UK Continental Shelf: Two Big Discoveries and More to Come
Leaders from UK’s Oil and Gas Authority, Total, CNOOC, and Equinor discuss exploration successes, misses, and expectations for the offshore UK.
ExxonMobil Moves Forward With Second Guyana Development
Expected to start up in mid-2022, Liza Phase 2 will produce up to 220,000 B/D of oil.
Operator Executives Share Haynesville Development Strategies
Indigo Natural Resources, Aethon Energy, and Rockcliff Energy are among the most active operators in the revived Haynesville Shale of North Louisiana and East Texas. And most people outside of the region likely have never heard of them.
Schlumberger to Sell its Middle East Drilling Business to Saudi Arabia’s TAQA
The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.
Blacktip: Shell’s New Discovery in the Gulf of Mexico
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.
ExxonMobil’s Guyana Offshore Discovery Count Rises to 13
Yellowtail-1 is the fifth discovery in the Turbot area, where ExxonMobil plans another Stabroek Block development hub.
Majors, IOCs Win Blocks in Argentine Offshore Bid Round
Thirteen companies placed bids on 18 blocks in the Austral, North Argentina, and Malvinas West basins as part of Argentina’s first open bid round for offshore acreage in more than 20 years.
Energean Makes Gas Find Off Israel, Estimates More Than 1 Tcf in Place
The discovery will be tied back to the 775-MMcf/D Energean Power FPSO, advancing Israel’s aim of becoming a regional gas supply hub.
Majors Drive Increase in Global Oil and Gas Discovered Resources
Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.
Repsol, ExxonMobil Latest to Add Colombian E&P Blocks
Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.
Souped-Up Search Engines Wrangle Drilling, Completions Data
Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
Noble Energy, Shell to Explore Colombian Caribbean Sea
Noble’s farm-in to blocks recently awarded to Shell marks the Houston-based independent’s entry into Colombia, where the government hopes to boost offshore exploration.
Global Oilfield Services Market Won’t Recover Until 2025
The financial effects of the downturn are set to last at least a decade—which puts the industry almost at the halfway point. This is according to a new report that says the FPSO market is the most “unscathed” of all the service segments.
Change in Energy Sector is So Extreme Oil Companies May Need to Share Data
Oil companies generate an enormous amount of data but are reluctant to share it. But more sharing of information may be required in the future to keep up with a rapidly changing energy landscape.
ExxonMobil, Chevron Target Nearly 2 Million BOE/D in Permian Production
The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations.
Noble Energy Touts Output Gains, Potential From “Row Development” Concept
Noble’s first row of wells in its massive Mustang project is helping increase the operator’s DJ Basin output, and similar results are soon expected in the Delaware Basin.
Equinor, Transocean Ink Deal for Five Automated Rigs
The contract is helping to solidify Europe’s offshore sector as the focal point for the rise of automated drilling technology.
CNOOC’s “Major Find” In North Sea Is Biggest In 11 Years
The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE.
CNOOC’s Strategic Plan Sets “Bullish Tone” for Chinese NOCs
The national oil company’s aim to lift oil and gas production and reserves over the next few years will rely on growth from big international projects, including those in Nigeria, Guyana, and the US.
Eliminate Lithium and Improve Performance With High-Temperature Ultracapacitors
New extreme environment ultracapacitor technology will allow directional drillers to eliminate lithium from their entire supply chain. These advanced ultracapacitors can be coupled with downhole turbine generators to provide reliable downhole power without the need for lithium.
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04 August 2020