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Chevron has evacuated all of its American oil workers from Iraq following the recent US airstrike in Baghdad. This paper will demonstrate that, instead of building higher security fences, the process of understanding marginalized communities and engaging with neighboring communities is key to building relationships and neutralizing hostility. Forging an authentic and meaningful brand for major projects in complex and challenging regions is an under-rated tool for managing risk—but not at the Rumaila oilfield in Southern Iraq. Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said, highlighting concern about mountainous terrain where two armed groups are active. Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of 2018, an oil ministry spokesman said on 18 December.
Actions to decarbonize operations and operations during the COVID-19 pandemic are among the highlights. Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift toward low carbon, Chief Executive Officer Ben van Beurden told employees, a company source said. The oil and gas industry was created by fierce entrepreneurs, wildcatters, and visionaries. But, in the last 50 years, it has lost its way. The industry desperately needs a paradigm shift. Here are four pillars upon which we think the reinvention of the oil and gas industry should be based. The company is creating two new business groups: Natural Resources, focused on developing the upstream oil and gas portfolio sustainably, and Energy Evolution, dedicated to supporting the evolution of the company’s power generation, product transformation, and marketing. Launched in collaboration with industry leaders and academia, the Microsoft Energy Core aims to accelerate digital transformation, build coalitions for responsible innovation, deliver skilling initiatives, and address sustainability and societal challenges. The controversial surveying technique has been used around Australia to look for oil and gas, but some environmentalists and scientists have warned the effects on marine life could be deadly.
Africa (Sub-Sahara) United Hydrocarbon International finished drilling the Belanga North-1 exploration well located in Doba basin in southern Chad. The well was drilled to a total depth of 1392 m, and encountered three oil-bearing sand intervals--two in the targeted Upper Cretaceous "YO" sands and one in an untested shallower sand. United Hydrocarbon (100%) is the operator. Asia Pacific China National Offshore Oil Corporation discovered natural gas in the Qiongdongan basin, South China Sea. Well Lingshui 17-2--located in the east Lingshui sag portion of the basin at an average water depth of 1450 m--was drilled and completed to a depth of 3510 m. Lingshui 17-2 encountered a gas reservoir with a total thickness of approximately 55 m. Statoil Australia Theta has drilled and completed the Oz-Alpha 1 exploration well in the southern Georgina basin in the Northern Territory, Australia.
Africa (Sub-Sahara) Oil samples have been recovered in the FAN-1 exploration well, being drilled offshore Senegal. Elevated gas and fluorescence were encountered in a shallow secondary target, and the presence of oil was confirmed by an intermediate logging program. Oil samples from thin sand were collected by a wireline formation tester for further analysis. The well will be deepened to a planned total depth of approximately 5000 m. Cairn is the operator (40%), with partners ConocoPhillips (35%), FAR (15%), and Senegalese national oil company Petrosen (10%). A drillstem test of BG Group's Mzia-3 well--located in Block 1, offshore southern Tanzania, at a water depth of around 1800 m--reached a maximum sustained flow rate of 101 MMscf/D of natural gas. The Mzia prospect is a multilayered field of Upper Cretaceous age with a gross gas column estimated at more than 300 m.
Africa (Sub-Sahara) Eni started production from the Nené Marine field, which sits in the Marine XII block in 28 m of water, 17 km offshore the Republic of the Congo. The first phase of the field produces from the Djeno pre-salt formation, 2.5 km below the ocean floor at a rate of 7,500 BOEPD. Future development will take place in several stages and will involve the installation of more production platforms and the drilling of at least 30 wells. Eni (65%) is the operator with partners New Age (25%), and Société Nationale des Pétroles du Congo (10%). The well's primary target is the Bunian structure: a four-way, fault-bounded anticline, which was defined by a 3D seismic survey. It will be drilled to a total depth of 1682 m.
Africa (Sub-Sahara) Bowleven's Moambe exploration well on the Bomono Permit onshore Cameroon has encountered hydrocarbons. The well was drilled to a planned total depth of 5,803 ft and made its discovery in Paleocene-aged (Tertiary) target reservoir intervals. Moambe is the second in a two-well exploration program on the permit. The first well, Zingana, also discovered hydrocarbons. The Moambe well will be tested before further testing takes place at Zingana. Bowleven holds 100% interest in the permit. Shell Nigeria Exploration and Production has begun production at the Bonga Phase 3 project, an expansion of the deepwater Bonga project in Nigeria. Peak production from the expansion is expected to be 50,000 BOEPD, which will be shipped by pipelines to the Bonga floating production, storage, and offloading facility.
Africa (Sub-Sahara) ExxonMobil will drill its first exploratory well offshore Liberia this month, the company announced on 18 October. A deepwater well is planned on the Liberia-13 Block, which is about 50 miles off the coast of the West African country. Liberia has no oil production at present. Solo Oil plans to spud the Ntorya-2 appraisal well in Tanzania next month. The drilling pad is a mile southwest of the 2012 Ntorya-1 discovery well, which was tested at rates of 20.1 MMcf/D of gas and 139 B/D of condensate. An independent report estimated the discovery to hold 153 Bcf of gas in place, of which 70 Bcf is considered a gross best-estimate contingent resource. A gross best estimate of more than 1 Tcf of gas in place has been made for the Ntorya prospect as a whole, in which the company has a 25% interest.
This seminar covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. It includes discussions on how to select wells for stimulation, what controls fracture propagation, fracture width, etc., how to develop data sets, and how to calculate fracture dimensions. The seminar also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. As the industry wrestles with another price cycle, making sense of the world in which the oil and gas industry will operate is important to understanding the actions (by engineers, corporations, and governments) which must be taken today so that the oil and gas industry may prosper in the future. Hydraulic fracturing has been touted as a ‘new technology’ (though a misnomer) which is opening access to un-tapped value (in the USA) and lowering the cost of energy across the globe by shifting the balance between supply and demand.
Decisions in E&P ventures are affected by Bias, Blindness, and Illusions (BBI) which permeate our analyses, interpretations and decisions. This one-day course examines the influence of these cognitive pitfalls and presents techniques that can be used to mitigate their impact. Bias refers to errors in thinking whereby interpretations and judgments are drawn in an illogical fashion. Blindness is the condition where we fail to see an unexpected event in plain sight. Illusions refer to misleading beliefs based on a false impression of reality. All three can lead to poor decisions regarding which work to undertake, what issues to focus on, and whether to forge ahead or walk away from a project. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders. Examples are provided including corporate, business unit and department case studies. This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets.
SPE, through its Energy4me programme, will present a free one-day energy education workshop for science teachers (grades 8–12). A variety of free instructional materials will be available to take back to the classroom. Educators will receive comprehensive, objective information about the scientific concepts of energy and its importance while discovering the world of oil and natural gas exploration and production. Energy4me is an energy educational public outreach programme that highlights how energy works in our everyday lives and promote information about career opportunities in petroleum engineering and the upstream professions. SPE’s Energy4me programme values the role teachers and energy professionals play in educating young people about the importance of energy.