This article highlights interesting applications of machine learning in the oil and gas industry in drilling, formation evaluation, and reservoir engineering. Each project uses a data-driven model to solve a previously complex problem using machine learning to augment an existing solution. Considering most of the rigs deal with human-machine interface systems, the role of human factors is at the heart of any successful operation. Eye-tracking technology can be useful in real-time operation centers where ocular movement data can improve the professionals’ performance. As the petroleum engineering discipline embarks on its second century of existence, what changes will academia make to keep up with the times?
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.
Will Blockchain Become the New Operational Backbone in Energy? Energy companies are looking to distributed ledger technology—otherwise known as blockchain—to help navigate the complex transactional systems that make up their operations. What is blockchain, and what makes it valuable to our industry? Statoil’s integrated operations center on the Norwegian continental shelf is one of several initiatives operators and service companies have set in motion to improve condition monitoring and maximize production on their assets. The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.
The biennial SPE Offshore Europe conference will explore a diverse set of topics, including the application of digital technologies and preparing for a low-carbon energy future and ongoing work around standardization and decommissioning. Acquiring data from an abandoned subsea well has been done before, but never quite like this. When two engineers lost their jobs during the industry downturn, they used the misfortune as an opportunity to develop an innovative concept that aims to make it a lot easier to move subsea gas long distances. Schlumberger and Subsea 7 want to form a joint venture that builds on their 2-year collaboration in the subsea sector. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
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 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. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development. It is one of the most hostile environments in the world, with some of the most remote locations, the toughest logistics challenges, and the largest gaps in infrastructure on the planet.
In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms. 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. A reservoir-conditions coreflood study was undertaken to assist with design of drilling and completion fluids for a Norwegian field. Multiple fluids were tested, and the lowest permeability alterations did not correlate with the lowest drilling-fluid-filtrate-loss volumes.
The complete paper highlights elements of the technical development and an overview of the primary building blocks of the system, and presents in detail some of the challenges in developing, designing, and testing the control system. As the hunger for data grows, long stepouts become more common, and fiber communication becomes standard, the use of fiber in subsea oil and gas fields is set to increase. The paper provides a fast-track approach to perform screening assessment of multiple subsea concepts. Technologies are being developed that have the potential to support marine mining in all stages from prospection to decommissioning. These developments will likely have substantial influence in the oil and gas industry, itself searching for ways to maximize exploitation of assets.
Anchored by the Khaleesi-Mormont and Samurai fields, the King’s Quay FPS will receive and process up to 80,000 B/D of crude oil. UK operator Trident Energy is entering Brazil while Australian firm Karoon Energy is expanding its position in the country. Both will try to boost output from already-producing assets. The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects. The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November.