As companies have focused on giant capital investments onshore and offshore to drive growth, they have often focused less on field operations, especially OPEX. In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel. Approximately $200 billion in projects worldwide are racing to be approved over the next 2 years. The race is not just to make FIDs on projects, but also to enter FEED work to lock in contractors before others do.
In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel. The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore. One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
The main objective of the course is to apply geophysics to petroleum engineering aspects of reservoir analysis by demonstrating how the models arrived. Several key topics will be discussed in detail including: stress analysis, rock physics, rock mechanics, and reserve estimate. The integration of multiple seismic inversion models will be described in a manner that improves communication. Students should have an existing understanding of ESP equipment and operations. Peter Bartok is an adjunct professor of geology at the University of Houston, instructor at Petroskills and a Petroleum E&P Consultant with research interests in unconventional shale resources, complex salt tectonics, rock physics and rock mechanics.
Eni started production from the Perla giant gas field located in the Gulf of Venezuela, 50 km offshore. Consisting of Mio-Oligocene carbonates with excellent characteristics, the reservoir is approximately 3000 m below sea level and lies at a water depth of 60 m. The best wells are estimated to produce more than 150 MMscf/D of gas each. The development plan includes 21 producing wells and four light offshore platforms linked by a 30-in. The field is operated by Cardón IV, a company jointly owned by Eni (50%) and Repsol (50%).
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates. The Norwegian Petroleum Directorate has given clearance to start up facilities at the North Sea field, which straddles the line between the UK and Norwegian sectors. Production is set to begin in September. Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned.
Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November. Is Optical Gas Imaging the New Solution for Methane Detection? Thermal imaging helps operators maintain regulatory compliance on methane-emissions requirements. Optical gas imaging technology may be an answer in allowing for faster, more efficient inspections, but there are hurdles to its adoption.
In downhole applications, most progressive cavity (PC) pump failures involve the stator elastomer and often result from chemical or physical elastomer breakdown induced by the wellbore environment. Successful use of PC pumps, particularly in the more severe downhole environments, requires proper elastomer selection and appropriate pump sizing and operation. PC pump manufacturers continue to develop and test new elastomers; over time, these efforts have resulted in performance improvements and an expanded range of practical applications. Despite this success, the elastomer component still continues to impose severe restrictions on PC pump use, especially in applications with lighter oils or higher temperatures. The performance of an elastomer in a PCP application depends heavily on its mechanical and chemical properties.
Actually, the definition of a tight gas reservoir is a function of many factors, each relating to Darcy's law. The main problem with tight gas reservoirs is that they do not produce at economic flow rates unless they are stimulated--normally by a large hydraulic fracture treatment. Eq. 7.1 illustrates the main factors controlling flow rate.