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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.
Energy sources are vital to sustain and grow the world economy. As of today, the world mainly relies on fossil fuel as the source of energy for transportation, power generation, chemicals manufacturing, and other industrial applications. The conventional sources of hydrocarbon are steadily declining; however, the oil and gas industry has been successful in finding unconventional hydrocarbons, such as heavy oil and shale gas. There are distinct challenges in producing and processing the hydrocarbons from unconventional sources into usable end products. Reducing the footprint during the production of oil, refined products, and gas will benefit the industry by reducing the overall cost and improving the health, safety, and environmental impact.
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.
Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields. The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019. After severe damage in a typhoon, the Huizhou oil field in the South China Sea was back on production in 5.5 months. This paper reviews how this feat was accomplished.
The field startup is Hurricane’s first step to actualizing its potentially considerable resources in the UK North Sea. Lancaster is expected to produce an average of 17,000 BOPD by the end of the year. Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak. Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.
With production declining and a nearby terminal closed, UK authorities have given the nod for decommissioning to begin on the aging North Sea gas field. Perenco has been in operation since 1992, with Perenco taking over as operator from BP in 2003. The completion of the subsea installation marks another major step for one of several projects scheduled to tie back to the Gjøa platform in the Norwegian North Sea. Production for the Wintershall Dea-operated project is expected to start up in 2021. The decision comes a year after Neptune stopped production from the North Sea gas field, and 4 months after it submitted decommissioning plans to the UK authorities.
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates. The $635-million deal sees Oman-based Petrogas and Norwegian private equity company HitecVision acquire a package of non-core North Sea assets, including 100% ownership stake in four fields. One of the largest pre-sanction fields on the UK Continental Shelf, Rosebank, could significantly bolster the company’s UK portfolio. However, the field’s water depth and harsh environment may run development costs into the multibillion-dollar range.
In response to increasing demand for remote offshore services, Fugro has completed the Middle East’s first fully autonomous geophysical shallow-water route survey. 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. A new tool developed by Kosmos Energy is allowing the exploration and production company to keep better track of the effect it is having on the environment. The new software enables high-resolution, real-time fracture-stage data to be shown on top of multiple previous stages to visualize optimized performance or to be tracked against an ideal preset stage. The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data.