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Machine learning enables fast, cost-effective, and accurate methane emissions detection in remote areas. This paper describes a smart-tracer-portfolio testing and design solution for multistage hydraulic fracturing that will, write the authors, enable operators to reduce operating cost significantly and optimize production in shale wells. The complete paper demonstrates the benefits of honoring data measurements from a multitude of potential sources to help engineers do a better job of including more diagnostics into routine operations to provide additional insight and result in improved models and completion designs. An AI-based application enabled operators to preempt ESP failures while optimizing production. Time-stamped data anomalies can lead to more-accurate identification and faster diagnosis.
When it comes to exploration and production, well-rounded petroleum engineers are the best candidates for finding out why something is happening, how it is happening, and what you can do to better your wells. 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.
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 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.
Can Data Science Help Solve One of the Oil Industry’s Thorniest Problems? Water-in-oil emulsions cost millions in maintenance, reduce oil recovery, and create excess carbon. These economic and environmental burdens may finally be resolved. The evaluation of waterfloods often is focused on issues at the well level. But each well is only one part of a bigger system. For this reason, it is important to diagnose a waterflood from multiple viewpoints: the field, pattern, and well levels.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection. The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic. But the flow of ideas continues.
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.
A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection. Phase 1 is expected to be operational in 2024. For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival.