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What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. The complete paper describes an advanced Rankine cycle process-based system that converts waste heat into usable electrical power to improve the efficiency of gas-compression stations on gas-production platforms and pipelines. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. A new licensing round will open up 136 blocks in the Arctic Barents Sea. The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data.
The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts. What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year.
In tectonically influenced regions, potential hydrocarbon traps are subject to complex states of stress. This paper presents a coupled 3D fluid-flow and geomechanics simulator developed to model induced seismicity resulting from wastewater injection. Knowing which horizon crude oil flows from and in what proportions has been a major challenge for shale producers. Increasingly, they are turning to new technology to find the answer. Seismic imaging provides vital tools for the exploration of potential hydrocarbon reserves and subsequent production-planning activities.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. 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. A new licensing round will open up 136 blocks in the Arctic Barents Sea.
The complete paper describes the generation of additional fundamental solubility data under HP/HT conditions and comparison of the obtained values with several existing models. The complete paper presents a practical approach for validating design-verification analysis for subsea equipment, using a representative pressure valve block to correlate finite-element analysis (FEA) predictions for strain changes with actual measured changes. The Anchor development in the US Gulf of Mexico is the first ultra-high-pressure project requiring 20-ksi operating pressure to reach a final investment decision. This paper discusses the successful application of managed-pressure drilling (MPD) in the basin with reduction in risks and well costs. This paper discusses how managed-pressure-drilling (MPD) technology led to cost savings in two wells drilled in the Hai Thach gas field offshore southern Vietnam.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. This paper describes an automated work flow that uses sensor data and machine-learning (ML) algorithms to predict and identify root causes of impending and unplanned shutdown events and provide actionable insights. 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. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
The AI-driven tool will detect anomalies in subsea oil and gas infrastructure. Wood is Shell’s exclusive partner for Shell’s Smart Choke technology, which suppresses riser-induced slugging. Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024. As part of the contract, Wood will provide the topside modifications needed for the Snorre A and Gullfaks A platforms to integrate the Hywind floating wind park with existing systems powering the facilities.
Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022. Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024. The company announced both contract awards simultaneously.
Forecasts are lowered for levels of E&P, budgets, and project sanctioning. The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases. The A-frame is DNV certified. Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system. Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project.