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Africa (Sub-Sahara) Bowleven said that its extended flow test program at the Moambe and Zingana wells on the Bomono Permit onshore Cameroon is complete. The company said that the results to date continue to support its plans for an initial supply of between 5 MMscf/D and 6 MMscf/D of natural gas for power generation, under a development program established with partners Actis and Eneo. The initial program focuses on production from the shallower gas-prone sands on the permit. Bowleven has a 100% equity interest in the permit. Eni started production from the West Hub development project's Mpungi field in Block 15/06 offshore Angola. The startup follows the project's first oil from the Sangos field in November 2014 and the Cinguvu field last April.
In the complete paper, the inverse-injectivity method of evaluating matrix-stimulation performance is modified and validated with real data of two matrix-acidizing operations in a gas-condensate field. One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports. After 70 years of production, more than 30% of the Arab C reservoir stock-tank original oil in place has been recovered through various mechanisms including natural depletion, waterflooding, gas lift implementation, and horizontal-well development. The North field offshore Qatar was observed to have a chance of inner annuli becoming charged with shallow-gas pressure with possible communication to other annuli, which was thought to be a well integrity concern. Airborne imaging spectroscopy has evolved dramatically since the 1980s as a robust remote-sensing technique used to generate 2D maps of surface properties over large areas.
Africa (Sub-Sahara) Tullow Oil announced in mid-August that first oil has flowed from the Tweneboa, Enyenra, and Ntomme (TEN) fields offshore Ghana, which was on time and on budget for the project's development plan approved by the government in May 2013. The company expects oil output to ramp up gradually through the rest of the year toward a production facility capacity of 80,000 B/D. Tullow is the operator of the TEN fields with a 47.18% stake. Its joint-venture partners are Anadarko (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%), and PetroSA (3.82%). Asia Pacific Rosneft has made a discovery at the PLDD well in the Wild Orchid gas condensate field in Block 06.1 of the Nam Con Son Basin offshore Vietnam. The discovery is being evaluated for the volume of reserves and commercial attractiveness, and there is a potential synergy with the nearby Rosneft-operated Lan Tay production platform, the company said.
Africa (Sub-Sahara) Total reported a natural-gas-condensate discovery on Block 11B/12B in the Outeniqua basin, 175 km offshore southern South Africa. The Brulpadda well encountered 57 m of net gas condensate pay in Lower Cretaceous reservoirs. Following success at the main objective, the well was deepened to a final depth of 3633 m. Partners are Qatar Petroleum with 25%, Canadian Natural Resources with 20%, and Main Street, a South African consortium, with 10%. Panoro has an 8.33% interest in the area. Operator is BW Energy with 91.67%. Asia Pacific Repsol and partners Petronas and Mitsui Oil Exploration (MOECO) made the largest gas find in Indonesia in 18 years with the Kaliberau Dalam (KBD) 2X well in South Sumatra.
Africa (Sub-Sahara) BW Offshore and its partners reported 40–50 MM bbl of recoverable oil at its Hibiscus Updip prospect in the Dussafu license offshore Gabon. The DHIBM-1 exploration well, drilled to TD of 3,538 m in 116 m of water, delivered approximately 21 m of pay from a 33-m hydrocarbon column in the Gamba formation. VAALCO Energy encountered Gamba and Dentale oil sands with its Etame 9P appraisal well offshore Gabon. The well was drilled to TD of 10,260 ft. The Etame field is owned by a consortium led by Vaalco (28.07%). It also includes PanAfrican Energy Gabon Corporation (31.36%), Eni started gas and condensate production from the Obiafu 41 discovery in the Niger Delta 3 weeks after well completion.
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.
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations. Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets? Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?
Eni plans to reuse depleted hydrocarbon reservoirs in Liverpool Bay to permanently store CO2 captured in northwest England and North Wales. 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 Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.