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The complete paper discusses the successful execution of the first offshore multilateral well completed for multistage high-pressure proppant stimulation, according to the authors, in the Black Sea offshore Romania. This paper details the design and execution of what the authors say they believe is the first successful frac-pack operation in a previously gravel-packed well. The evolution of hydraulic fracturing is a long and circuitous one that deserves examination. Engineering and completions leaders from Liberty Oilfield Services did just that, authoring a paper that encapsulates the high points in the development of the groundbreaking completions practice. Producers in Texas have claimed an economic victory with their transition to local sands that they once avoided using in horizontal wells due to their low-quality.
Africa (Sub-Sahara) Cairn Energy has flowed oil from its SNE-2 well offshore Senegal. Drillstem testing of a 39-ft interval achieved a maximum stabilized but constrained flow rate of 8,000 B/D of high-quality pay. A flow rate of 1,000 B/D of relatively low-quality pay was achieved from another zone. Drilled to appraise a 2014 discovery, the well lies in the Sangomar Offshore block in 3,937 ft of water 62 miles from shore. Drilling reached the planned total depth of 9,186 ft below sea level. Cairn has a 40% interest in the block with the other interests held by ConocoPhillips (35%), FAR (15%), and Petrosen (10%).
Africa (Sub-Sahara) Hyperdynamics said that drilling of its Fatala-1 exploration well offshore the Republic of Guinea has proceeded successfully, with completion of the initial portion of the well anticipated soon. Company officials said a 36-in. As of the last week of August, the hole for the surface casing had been drilled 723 m to a water depth of 3620 m. The goal is to set a 20-in. The company holds a 50% interest in the Fatala-1 venture with South Atlantic Petroleum, a privately-held exploration and production company focused on African assets.
The proposed restructuring plan aims to eliminate about $74 million of the company’s debt. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. In this study, the authors use a quantitative seismic interpretation work flow (QSI) based on a rock-physics template in estimating the uncertainty of the geochemical properties of organic mudrocks of the Shublik formation of the Alaskan North Slope. In this paper, the authors propose a least-squares Q migration (LSQM) method that combines the benefits of both LSM and Q prestack depth migration (QPSDM) to improve the amplitude fidelity and image resolution of seismic data. This paper demonstrates how maintaining investment in high-quality 3D seismic during the last downturn, together with selective exploration, quality geoscience, application of new technologies, and efficiently maturing discoveries to early cash flow, was successful in sustaining future production.
Eni plans to reuse depleted hydrocarbon reservoirs in Liverpool Bay to permanently store CO2 captured in northwest England and North Wales. Shell's CEO said the Dutch supermajor has "too many layers" and that the move to downsize will help ensure its future. As a result, at least 9,000 people are expected to leave the oil and gas producer between now and 2022. This year’s outlook contains scenarios that suggest peak demand has already arrived because of a global pandemic and an accelerating energy transition. The goal of the platform is to connect technologies to operators, developers, and end users in the UK oil, gas, and renewable energy sectors and be the catalyst for rapid technology deployment.
This year’s outlook contains scenarios that suggest peak demand has already arrived because of a global pandemic and an accelerating energy transition. Fears of peak oil demand are exaggerated, Saudi Aramco’s CEO says, despite recent headlines that advances in electric vehicles and worries about climate change will lead to a drop in global oil and gas use.
Though shelved by low oil prices, the plan to execute the largest enhanced oil recovery program of its kind offers insights into what it may take for the shale sector to escape pilot mode and scale up gas huff ’n’ puff operations. Saudi energy minister warns speculators not to bet against the OPEC+ alliance. Based on the early results from mass shut-ins of shale wells, it did not harm long-term production and it paid a short-term dividend with more oil flowing in the days after restarting. ExxonMobil is reluctant to join other big oil companies writing down the value of their reserves. It could chop its reserves by 20%, but it has not made a final decision.
The author of The Prize talked recently about his newest book on the energy transition and what he sees as the most dynamic forces shaping the things to come. Saudi energy minister warns speculators not to bet against the OPEC+ alliance. 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. 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.
Saudi energy minister warns speculators not to bet against the OPEC+ alliance. The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to. 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.”
Saudi energy minister warns speculators not to bet against the OPEC+ alliance. The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. The most recent hydrocarbon production boom is under way in the Middle East, and this time, the race is spilling into offshore waters. The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025.