The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field. Statoil is going to work to put its enormous Johan Sverdrup discovery into production, showing that even one of the most explored parts of the North Sea still has significant potential.
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
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. Devon Energy will be getting simpler and smaller by selling two no-growth assets—gas acreage in the Barnett Shale in Texas and oil sand operations in Canada. Its future is staked on growing oil production in the Permian’s Delaware Basin and three other unconventional oil plays. The Oklahoma City independent has a new-look portfolio and new operational and financial priorities. And now it has enlisted an energy research firm to leverage advanced analytics and machine learning to help get the most out of its assets.
In this work, the authors developed a numerical model of in-situ upgrading (IU) on the basis of laboratory experiences and validated results, applying the model to an IU test published in the literature. This paper outlines the value of 4D for reducing uncertainty in the range of history-matched models and improving the production forecast. The struggle to overcome the challenge of frac hits has led to a critical dialogue about which pathway the shale sector should take. One idea is to simply put the problem at the center of every major decision. If the shale sector’s most complex problem can be solved, it will require companies to use their wells as a team.
The complicated parent-child relationship in US shale fields is emerging as a turning point in the US shale revolution. One of the first executives to exploit tight oil says the issue will reverse the sector’s cumulative growth rate by 2025. Last year saw continued contraction in the seismic data-acquisition industry. With this drop in acquisition business, fewer seismic data-acquisition papers were published. Nevertheless, three very good SPE papers covering important acquisition and processing topics are featured here.
The operator piloted a new well-completion design combining inflow-control valves (ICVs) in the shallow reservoir and inflow-control devices (ICDs) in the deeper reservoir, both deployed in a water-injector well for the first time in the company’s experience. In this paper, the authors describe a project to design, field trial, and qualify an alternative solution for real-time monitoring of the oil rim in carbonate reservoirs that overcomes these disadvantages. The authors detail the development of a technique based on surface-to-borehole controlled-source electromagnetics (CSEM), which exploits the large contrast in resistivity between injected water and oil to derive 3D resistivity distributions, proportional to saturations, in the reservoir. This industry is one often considered reactive and overly tradition-bound. These new technologies, however—and, more importantly, the drive of these researchers to harness their capabilities—prove that petroleum engineers remain at the forefront of innovation and discovery.
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields. 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. The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction. Funding for startups in the upstream industry does not always guarantee that oil and gas companies will want to test the new technology. A new venture and accelerator model hopes to change this through guaranteed pilots.
Ghawar vs. Permian Basin: Is There Even a Comparison? While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different. A challenging problem of automated history-matching work flows is ensuring that, after applying updates to previous models, the resulting history-matched models remain consistent geologically. Production growth in the Permian Basin requires drill rigs running at a high pace. That is challenging companies to push well productivity.
The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore. The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade. Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts. The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
JPT Technology Minute Poll: To Which of the Top Five UN Sustainability Development Goals Do You Think the Oil and Gas Industry Will Contribute the Most? Flaring and emissions challenges have recently made news headlines around the world. The goal of this article is to engage you with this important topic by presenting a selection of recent SPE papers which address these challenges through various approaches. Operators face a dilemma in balancing the need for mud weight (MW) to remain below the fracture gradient to avoid losses, while also providing sufficient density to block influxes into the well. JPT Technology Minute Poll: Which Technology Would You Choose for Offshore Compression?