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He is a petroleum engineer for BP based in Houston, Texas. He recently moved back from Abu Dhabi where he spent 4 years helping a team start up a new offshore field. Clemens has worked in several operating environments across the US and in the Middle East in shale, tight sand, coal bed methane, and carbonate formations both onshore and offshore. At work he specializes in designing well interventions, stimulation and well testing, and new field startups. He is currently working on an audit team that looks at company projects across the globe. Originally from El Paso, Texas, Clemens later moved to Austin where he graduated from the University of Texas. He has been a volunteer with TWA since 2014 supporting multiple sections prior to transitioning to a leadership role in 2017. Before TWA he served in a leadership capacity for OTC’s The Next Wave, a one day conference for energy young professionals. Outside of work he enjoys golf, rock climbing, and traveling with his wife, Kate.
GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales. Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253. The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction. ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far. Industry interest in US Gulf of Mexico acreage declined in the number of bids and the dollars offered at the latest federal lease sale, compared with the prior sale.
For the seventh straight year, the regulatory body has found offshore operations continue to improve based on an efficiency model developed in partnership with the SPE. Vår Energi is looking to extract another 136 million BOE from the Balder Field. Production is anticipated in 2H 2022. The country’s once-thriving railway system has skidded to a stall, falling victim to low crude-oil prices, reduced demand, and government-imposed oil production cuts. Production of paraffinic crude presents challenges due to depressurization and cooling of crude oil during production.
The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year. In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins. The Mozambique LNG project expects to achieve financial close in Q3. Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets.
The contract continues the two companies’ 8-year working relationship; in 2012, they performed the world’s-first underdeck inspection. Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise. Artificial intelligence is already part of the work done in an office near you, and, before you know it, it will be in your office as well. Gaining familiarity and an understanding of it will serve you well.
Good diagnostic testing is often painstaking, time-consuming, and costly, but recent studies suggest that a lack of knowledge can be even costlier. Tiny soil samples may contain as many as 300,000 species of microbial life, but a Netherlands-based startup has figured out that between 50 and 200 of them can tell an operator if a drilling location will hold oil and gas reserves. For the past 2 decades, the use of DNA sequencing technology has largely been relegated to the domains of criminal forensics and the healthcare industry. One company is betting that the shale industry soon will join that list. DuPont is ramping up the commercial-scale implementation of its microbial enhanced oil recovery (MEOR) method after nearly a decade of development and testing of what it says is a low-risk way to improve production from mature fields.
The Petroleum Resources Management System (PRMS) is a system developed for consistent and reliable definition, classification, and estimation of hydrocarbon resources. The Oil and Gas Reserves Committee has completed the revision of the Petroleum Resources Management System (PRMS) and the SPE Board approved it in June 2018. The updated PRMS is a consensus of input collected from consulting and financial firms, government agencies, and E&P companies. The process included a 90-day public comment period, and required input and approval by six sponsoring societies: the World Petroleum Council, the American Association of Petroleum Geologists, the Society of Petroleum Evaluation Engineers, the Society of Exploration Geophysicists, the European Association of Geoscientists and Engineers, and the Society of Petrophysicists and Well Log Analysts. The 2018 PRMS update maintains the foundation principles contained in the PRMS 2007 and addresses many of the points in need of clarification that have been collected over the years.
The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium. 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. This paper presents a retrospective of the most-significant technologies developed and deployed in the Campos Basin for more than 80 production systems in more than 30 oil- and gas-field developments.
OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity. One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets. The new economic environment known as “lower for longer” has had no small effect on offshore safety, said a panel of experts at the 2017 Offshore Technology Conference. Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation. Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.