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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.
The first of three major unconventional developments in Saudi Arabia has been given the green light. The project will underpin the country's goal to become a top gas exporter by 2030. Understanding petrophysical properties well enough to make drilling decisions, particularly for tight gas can be a challenge. A new computer system aims to help analyze the extensive data involved. There are more than 100 accumulations in the southern North Sea that are flagged as stranded fields.
Eni appointed Claudio Descalzi, SPE, as CEO and general manager. Descalzi has been Eni’s CEO since 2... Foutch Laredo Petroleum appointed William Albrecht, SPE, as independent chairman of the company’s... Tullow Oil appointed Rahul Dhir, SPE, as CEO and an executive director of the group, effective 1 Jul... William Benjamin (Ben) Cline IV, SPE, died 19 April. Cline is the cofounder of Gaffney, C... Valery I. Graifer, SPE Honorary Member and a founding father of the Russian oil industry, died 24 Ap... Occidental Petroleum elected Stephen I. Chazen, SPE, chairman and CEO of Magnolia Oil and Gas Corp.,... Quality Companies appointed Derek Bollom as vice president of offshore and offsite operations for Qu... Shell announced that it will propose appointment of Andrew Mackenzie, SPE, as a nonexecutive directo... Clarence N. (Tom) Tinker, life member of SPE, and a geology evangelist died 11 March. Jim McGowin, SPE, was appointed vice president for North and South America at Tendeka. MGB Oilfield Solutions appointed Barry Ekstrand, SPE, as vice president of strategy and commercializ... Michael J. Fetkovich, SPE Distinguished Member and developer of the widely used Fetkovich type curve...
The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution solutions to provide a bulk hydrogen solution. Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024. After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded.
It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution solutions to provide a bulk hydrogen solution. Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024. Whether for a fleet or single platform, AI can transform an offshore enterprise.
Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
This course will discuss practical, state-of-the-art techniques for optimizing gas field assets -techniques that are based on the concept of integrated asset modeling (IAM), and working together through an asset team. In addition, because of the tremendous interest in developing and optimizing shale gas and tight oil field assets, around the world, an introduction to this topic is included in this course. Integration of reservoir, well inflow, wellbore, pipeline, and compressor models bring together all of the interested parties and allows for an integrated optimal solution, rather than different parties working in vacuum and arriving at solutions for the separate components that do not fit well. This course goes beyond standard nodal analysis courses available in the industry, as in this course the reservoir and facilities components are also incorporated. The instructors have extensive industry experience in optimizing gas field assets and using integrated asset modeling approach for achieving that objective.
Africa (Sub-Sahara) Oil was discovered at the Ekales-1 wildcat well located in northern Kenya. The well has a potential net oil pay in the Auwerwer and Upper Lokone sandstone reservoirs of between 197 ft and 322 ft. Tullow (50%) is the operator in partnership with Africa Oil (50%). Drillstem tests on the Pweza-3 well offshore Tanzania flowed at a maximum rate of 67 MMscf/D of gas. The tests confirmed the excellent properties of the Tertiary-section reservoir. BG Group (60%) is the operator in partnership with Ophir Energy (40%). Asia Pacific China National Offshore Oil Corporation issued a tender to invite foreign firms to bid for oil and gas blocks in the east and south China Sea. Twenty-five offshore blocks will be offered, including 17 in the South China Sea, three in the East China Sea, and five in the Yellow and Bohai seas.
Africa (Sub-Sahara) Sahara Group discovered hydrocarbons in three wells drilled in Block OPL 274, located onshore in Nigeria's Edo State. Olugei-1 was drilled to a measured depth of 4537 m and encountered five hydrocarbon zones, with 33 m of net pay. Oki-Oziengbe South 4 was drilled to a measured depth of 3816 m and encountered 64.3 m of net pay in 13 hydrocarbon-bearing zones. Oki-Oziengbe South 5 was drilled to a measured depth of 3923 m and encountered 91 m of net pay in 19 reservoirs. Sahara Group (100%) is the operator. Asia Pacific Sino Gas & Energy Holdings (SGE) flowed gas (coalbed methane) from its first horizontal well in the Linxing production sharing contract (PSC) in China's Shanxi province.