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Collaborating Authors
asset and portfolio management
Zhenzhen Wang is a lead simulation engineer and research scientist at Chevron Technical Center with 7 years of work experience. He has expertise in the areas of surrogate reservoir modeling, field development optimization, history matching, subsurface uncertainty assessment, pressure/rate transient analysis, and miscible flooding. Wang has published more than twenty papers and reviewed more than seventy manuscripts for various journals. He is the recipient of the Outstanding Technical Reviewer Award from SPE Journal and Reviewing Award from both Journal of Natural Gas Science and Engineering and Journal of Petroleum Science and Engineering. He holds a PhD from Texas A&M University, a master’s degree from the Pennsylvania State University, and a bachelor’s degree (summa cum laude) from China University of Petroleum–Beijing, all in petroleum engineering.
- North America > United States > Texas (0.32)
- North America > United States > Pennsylvania (0.32)
- Asia > China > Beijing > Beijing (0.32)
Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for 301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale amount will be paid at closing and subject to adjustments related to the net cash flow with investments for the delivery of Atlanta and Oliva generated between the effective date of 1 November 2023 and the transaction closing date. As part of the transaction, 75 million will be paid over the coming 60 days as a loan to be deducted from the amount paid at closing. The transaction also includes an option to sell a 20% stake in Atlanta Field B.V. (AFBV) for 65 million in 2024 upon agreement.
- North America (1.00)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Santos Basin > Block BS-4 > Atlanta Field > Marambaia Formation (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Campos Basin > Block BM‐C‐36 > Tartaruga Verde Field (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Campos Basin > Block BM‐C‐36 > Tartaruga Mestica Field (0.99)
- South America > Brazil > Brazil > South Atlantic Ocean > Santos Basin (0.99)
Iran has signed 13 billion in deals with domestic service companies with intentions to add 350,000 B/D of new oil production from six major fields over the next 12 months, as Chinese demand continues to drive Iranian oil exports. A contract-signing ceremony broadcast on state TV on 17 March coincided with the 73rd anniversary of the nationalization of the Iranian oil industry and the start of the Persian new year (the 13-day Nowrus festival which begins 20 March). The Iranian National Oil Company (NIOC) signed the largest of the agreements, a 11.5 billion, 20-year contract for integrated development of Iran's largest oil field, Azadegan, with the Dasht Azadegan Arvand Oil and Gas Development Company, according to the Iranian oil ministry's Shana news service. The project aims to more than double production to 550,000 B/D from 205,000 B/D at Azadegan which has an estimated 32 billion bbl of oil in place. Field development is ongoing with the drilling of 185 new wells of which 60 were recently put into operation, according to Iran's oil ministry.
- Asia > Middle East > Iraq > Maysan Governorate (0.37)
- Asia > Middle East > Iran > Khuzestan (0.37)
- Asia > Middle East > Iraq > Basra Governorate > Arabian Basin > Widyan Basin > Mesopotamian Basin > West Karoun Block > Majnoon Field > Zubair Formation (0.99)
- Asia > Middle East > Iraq > Basra Governorate > Arabian Basin > Widyan Basin > Mesopotamian Basin > West Karoun Block > Majnoon Field > Tanuma Formation (0.99)
- Asia > Middle East > Iraq > Basra Governorate > Arabian Basin > Widyan Basin > Mesopotamian Basin > West Karoun Block > Majnoon Field > Sa'adi Formation (0.99)
- (16 more...)
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 Way Ahead is pleased to announce the addition of 19 new members to our TWA Editorial Board. Comprising SPE young professionals, these dedicated volunteers play a crucial role by crafting articles or collaborating with energy industry experts worldwide to source insightful material. Abdulmalik Ajibade is an artificial intelligence (AI) solutions researcher at OSECUL Nigeria Ltd. He is a certified data analyst and volunteers as a machine learning (ML) engineer at Omdena. He is a winner of the SPE Nigeria Paper Contest for research work in improving production optimization with machine learning.
- Africa > Nigeria (1.00)
- Asia > Middle East > UAE (0.29)
- Energy > Oil & Gas > Upstream (1.00)
- Education > Educational Setting > Higher Education (1.00)
In recent years, with continuous improvements in ultra-deep oil and gas exploration theory and technology, domestic onshore ultra-deep oil and gas exploration has continued to make breakthroughs, providing an important replacement field for CNPC's upstream business development and large-scale increase of reserves and production. The proven oil and gas reserves in ultra-deep reservoirs in Tarim Basin account for more than 50% of the proven oil and gas in ultra-deep reservoirs in China, and Tarim has become the main field for onshore ultra-deep exploration in China. This is not only due to the innovation of ultra-deep oil and gas geological theory, but also due to the breakthrough of ultra-deep geophysical technology. Tarim ultra deep oil and gas exploration faces many challenges: accurate imaging of steeply ultra-deep structures in complex mountains; better recovery of weak signals; enhanced imaging resolution in the ultra-deep subsalt of large desert areas; ultra-deep imaging in thick loess covered areas and other problems restricts the process and economic development of ultra-deep oil and gas exploration in basin. Therefore, there is an urgent need to study theoretical technologies suitable for ultra-deep geophysical acquisition, weak signal processing and imaging, as well as ultra-deep reservoir prediction and fluid identification under different geological conditions.
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > China Government (0.40)
- Asia > China > Xinjiang Uyghur Autonomous Region > Tarim Basin (0.99)
- North America > United States > Louisiana > China Field (0.95)
Kamal Malick has been working in the energy industry for more than 25 years in a variety of technical and leadership roles. He has worked globally in Canada, the USA, the North Sea, and Asia-Pacific regions on various complex oil and gas fields under both natural depletion and EOR schemes. Kamal is currently working for Calgary-based independent, Enerplus Corporation on the Williston Basin in North Dakota developing exploitation plans for the Bakken and Three Forks shale formations. He has also worked in various conventional, tight, and unconventional fields in West Central Alberta Canada. Previously, he was the Subsurface Manager for one of the largest onshore gas fields in Indonesia consisting of multiple naturally fractured stacked zones.
- North America > United States > North Dakota (1.00)
- North America > Canada > Alberta > Census Division No. 6 > Calgary Metropolitan Region > Calgary (0.30)
- Geology > Rock Type > Sedimentary Rock > Clastic Rock > Mudrock > Shale (0.59)
- Geology > Geological Subdiscipline > Economic Geology > Petroleum Geology (0.52)
- Asia > Pakistan > Sindh > Indus Basin > Badin Block > Badin Field (0.97)
- North America > United States > South Dakota > Williston Basin > Bakken Shale Formation (0.94)
- North America > United States > North Dakota > Williston Basin > Three Forks Group Formation (0.94)
- (2 more...)
Rajeev Ranjan Sinha is a product analyst at SLB for DELFI ProdOps, a scalable industry-proven production operations platform, based out of Houston. He graduated from IIT(ISM) Dhanbad with a bachelor’s degree in petroleum engineering. Sinha started his career in 2013 as a reservoir engineer based out of India. During the initial phase of his career, he provided training, software support, and consulting to oil and gas operators in South Asia in well, network, and reservoir modeling and simulation software products and worked on multiple field development planning projects. Since then, he gained expertise in digital oilfield technologies, production operations and optimization, artificial lift surveillance, pump health and prognostics, sand management, and digitalization of field equipment systems. He has judged several student paper contests and case studies and is currently serving as the vice-treasurer of the SPE-GCS Completions & Production Study Group. Sinha has authored 5 SPE publications on his topics of interests.
TotalEnergies and partner QatarEnergy have entered into an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam (a wholly owned subsidiary of Eco Atlantic Oil and Gas), and Ricocure. Following completion of the transaction, TotalEnergies will hold a 33% participating interest in Block 3B/4B and assume operatorship, while QatarEnergy will hold a 24% interest. The remaining interests will be held by existing license holders, Africa Oil SA (17%), Ricocure (19.75%), and Azinam (6.25%). The transaction is subject to final approvals from relevant authorities. The farm-in deal offers a maximum transaction value of up to 46.8 million to Africa Oil.
- Africa > South Africa > South Atlantic Ocean (0.47)
- Africa > Namibia > South Atlantic Ocean (0.47)
Chevron has struck a deal with Caribbean and Americas-focused Challenger Energy's subsidiary CEG Uruguay SA to farm in to the AREA OFF-1 block offshore Uruguay for 12.5 million. The area offers potential target opportunities, hoped to be similar to those being found in Namibia's Orange basin. Shell, APA Corporation, and Argentina's YPF have been securing acreage in the region in the hopes of repeating the early Namibian success from TotalEnergies and others. Chevron will acquire a 60% participating interest in the block and will assume operatorship of the block; Challenger Energy will retain a 40% nonoperating interest. Financial terms are 12.5 million cash due on completion of the transaction.
- South America > Uruguay (0.94)
- Africa > Namibia (0.58)