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Duri Field in Indonesia is the largest active steamflood project in the world. The field produces 73,000 BOPD, and 10,000 optimization jobs are executed annually to support base production. Fluid saturation isn't what it used to be when it comes to unconventional reservoirs. Our guest is among those sharing new research to discuss the shale sector’s changing perspectives on the importance of mobile hydrocarbons vs. immobile hydrocarbons. Knowing which horizon crude oil flows from and in what proportions has been a major challenge for shale producers.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development. 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. The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.
Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. The deal includes 15 global sites and over 1,700 staff expected to transfer to INEOS upon completion of the sale. The deal also follows BP’s announcement earlier in the month that it would cut 14% of its workforce. World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. Write-offs include billions for early-exploration-stage projects that the company will now cut.
The new numbers for the Marcellus Shale and Point Pleasant-Utica Shale represent large increases from previous USGS assessments of both formations. Production and proved reserves in the Permian Basin’s Wolfcamp Shale and Bone Spring Formation are reaching new heights, and a new assessment from the US Geological Survey indicates the industry is just scratching the subsurface when it comes to what may be technically recoverable. Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska. The list of the biggest gas plays in the US is being revised as the US Geological Survey creates new estimates based on additional drilling results and available rock samples. New at Number 2 is the Mancos Shale on the Western Slope of the Rockies with 66 Tcf in recoverable reserves.
The chief upstream strategist of IHS Markit said in a recent presentation that oil exploration must improve its ability to deliver value and better communicate that value to the financial community. New ways of thinking about exploration opportunities are needed. Producers in Oklahoma’s newly opened Merge play are sitting atop a resource that rivals some major world gas fields and discoveries, Citizen Energy’s Geology CEO Greg Augsburger told the SPE Gulf Coast Section Business Development Group recently. The Austin Chalk play could go through a revival if the industry can view the formation through “a fresh set of eyes,” says EnerVest’s Tony Maranto. Dimethyl-ether (DME) -enhanced waterflood (DEW) is a process in which DME is added to injection water and, upon injection, preferentially partitions into the remaining oil.
The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future. Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks. The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE. At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.
Learn more about training courses being offered. Learn more about training courses being offered. This course 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 course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share. Every attendee leaves energised with a full list of ideas and a support network of fellow leaders. Those sections and student chapters actively participating in this workshop have consistently been recognized with awards as the best in SPE. SPE Cares is a global volunteering drive aimed at promoting, supporting and participating in community services at the SPE section and student chapter’s level. On its official launch this year at ATCE Dubai, SPE Cares will conduct a “Give a Ghaf” Tree Planting Programme to help preserve Ghaf’s cultural and ecological heritage. The Ghaf tree is an indigenous species, specific to UAE, Oman and Saudi Arabia. It is a drought tolerant, evergreen tree that can survive a harsh desert environment. The initiative not only aims to hold events/activities at ATCE, but also recognise community service that SPE members are already conducting in their respective student chapters and professional sections. The KEY Club, open daily, is an exclusive lounge for key SPE members. The lounge is open to those with 25 years or more of continuous membership, Century Club members, current and former SPE Board officers and directors, Honorary and Distinguished Members, as well as this year’s SPE International Award Winners and Distinguished Lecturers. DSATS (SPE’s Drilling Systems Automation Technical Section) will hold a half-day symposium featuring keynote presentations on urban automation. This symposium will explore technologies being used in developing smart cities through the automation of their infrastructure, transportation systems, energy distribution, water systems, street lighting, refuse collection, etc. These efforts rely on many of the same tools needed for drilling systems automation yielding increased efficiencies, lower maintenance and reduced emissions. Their knowledge and experience can guide the path being travelled by the oilfield drilling industry.
New report offers guidelines for pressure pumpers of the future. A 3-year study of air quality, soils, groundwater, and waterways found few to no effects as a result of hydraulic fracturing operations in Surat Basin coal seam formations. Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market. A downhole compressor solution based on advanced magnetic technologies completed its first field trials in an unconventional gas well.
World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. Write-offs include billions for early-exploration-stage projects that the company will now cut. The supermajor will cut 10,000 jobs by year end. 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.
A 3-year study of air quality, soils, groundwater, and waterways found few to no effects as a result of hydraulic fracturing operations in Surat Basin coal seam formations. Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market. A downhole compressor solution based on advanced magnetic technologies completed its first field trials in an unconventional gas well. Proper lateral and vertical well spacing is critical for efficient development of unconventional reservoirs.