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. 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.
It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
SPE is educating the next generation of aspiring engineers, scientists and managers about the oil and gas industry. This is an opportunity for school students in grades 9–12, studying Mathematics, Physics, Chemistry, Geography or interested in Petroleum Engineering are invited to join SPE members from all over the globe to discover the world of Petroleum Engineering. School teachers are invited to bring a group of 10–15 students. Students will be treated to a range of hands-on activities and presentations from renowned engineers. The oil price outlook coupled with the response of each oil and gas company to make ends meet has led to severe exploration budget cuts.
Since the last event held in Thailand in 2014, the industry has altered significantly. Evolving challenges such as oil price volatility, the "big crew change", and digital disruption, require new approaches in applying business models and technologies to achieve cost and operational efficiencies, whilst meeting stakeholders' expectations to preserve the core business and, at the same time, stimulate progress by exploring challenges, successes, and strategies to create a fit-for-purpose set of tools, systems, models, technologies and capabilities that will reshape the industry for a smart and sustainable future. Complete MPD Rigs: Is this the Future? As the petroleum industry recovers from market lows and business recovers, we ask ourselves, what is next? This panel session shall discuss these and other appropriate topics including: - Rig utilisation forecasts - Regions for future growth - Rig types for expansion: Land, shelf, deep or ultra-deep water - Rig retirements, cold vs warm stacking and reactivation - Shipyard activity: Upgrades vs new build construction - New technologies in rig components or service delivery - Data management and work processes -Partnerships between drilling contractors and drilling service providers The industry's needs to position for recovery and forecasting is an integral component in the planning for next phase.
Green fields today mostly can be regarded as marginal fields and successfully developed. It covers the complete assessment of the oil and gas recovery potential from reservoir structure and formation evaluation, oil and gas reserve mapping, their uncertainties and risks management, feasible reservoir fluid depletion approaches, and to the construction of integrated production systems for cost effective development of the green fields. Depth conversion of time interpretations is a basic skill set for interpreters. There is no single methodology that is optimal for all cases. Next, appropriate depth methods will be presented. Depth imaging should be considered an integral component of interpretation. If the results derived from depth imaging are intended to mitigate risk, the interpreter must actively guide the process.
Africa (Sub-Sahara) Oil was discovered at the Ekales-1 wildcat well located in Block 13T in northern Kenya. The well has a potential net pay of between 197 and 322 ft in the Auwerwer and Upper Lokone sandstone formations. Tullow (50%) operates 13T with partner Africa Oil (50%). The Mzia-3 appraisal well in Block 1 off Tanzania encountered a combined total of 183 ft of net pay in the Lower and Middle sands and confirmed reservoir quality in line with that seen in the Mzia-1 and Mzia-2 wells. Asia Pacific The Luba-1 offshore well on Brunei Block L was spudded. The well will evaluate the hydrocarbon potential of the Triple Junction structure. Serinus has a 90% interest in Block L, through indirect wholly owned subsidiaries Kulczyk Oil Brunei (40%) and AED SEA (operator, 50%).
Africa (Sub-Sahara) Gas was discovered at two separate levels in the Mronge-1 well in Block 2 offshore Tanzania. The discovery is estimated at between 2 and 3 Tcf of natural gas in place, bringing Block 2's estimated total in-place volumes up to 17 to 20 Tcf. Statoil (65%) operates the Block 2 license on behalf of Tanzania Petroleum Development Corporation, and partners with ExxonMobil Exploration and Production Tanzania (35%). Oil was discovered at the Agete-1 exploration well on Block 13T in northern Kenya. The well, drilled to a total depth of 1929 m, encountered 330 ft of net oil pay in good-quality sandstone reservoirs. Tullow Oil (50%) is the operator with partner Africa Oil (50%). Asia Pacific Indonesia announced plans to offer 27 oil and gas blocks in 2014 in regular tenders and direct offers.
Africa (Sub-Sahara) Vaalco Energy started oil production from the Etame 12-H development well offshore Gabon. The well was drilled to a measured depth of approximately 3450 m and was targeting the recently discovered lower lobe of the Gamba reservoir. It was brought on line at a rate of 2,000 BOPD with no indication of hydrogen sulfide. Vaalco (28.07%) is the operator with partners Addax Petroleum (31.63%), Sasol (27.75%), Asia Pacific KrisEnergy started drilling the Rossukon-2 exploration well on Block G6/48 in the Gulf of Thailand, using the Key Gibraltar jackup rig. The well will reach a total depth at 5,462 ft and will test Early Miocene stacked fluvial sandstones on a broad structural high. The well will also appraise the Rossukon-1 reservoir, which produced 850 BOPD during tests.