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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.”
This course will provide a general overview of current and emerging heavy oil recovery methods with emphasis on field experiences in Alberta and steam assisted gravity drainage (SAGD). Participants will learn about the concepts, field development, reservoir performances, applicability, challenges, and issues of the various in-situ recovery methods. Discussions in this session focus on carbonate reservoir recovery processes and mechanisms, from field experiences to laboratory observations. Topics include thermal casing and cement, Sand control, well intervention, and wellbore simulations. This session addresses the fundamentals and tools for predicting benefits of and usage of solvent for enhanced recovery.Â Topics include both water-soluble solvents and the more traditional hydrocarbon solventsâ€™ viscosity, relative permeability, heat and mass transfer, sampling, and reservoir performance prediction.
Automated image-processing algorithms can improve the quality and speed in classifying the morphology of heterogeneous carbonate rock. Several commercial products have produced petrophysical properties from 2D images and, to a lesser extent, from 3D images. Duri Field in Indonesia is the largest active steamflood project in the world. The field produces 73,000 BOPD, and 10,000 optimization jobs are executed annually to support base production. Fluid saturation isn't what it used to be when it comes to unconventional reservoirs.
This latest find means the offshore driller has averaged at least three new discoveries each year since it began drilling offshore Guyana where it plans to recover up to 8 billion barrels of crude. 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. A pilot project was initiated to classify oil and gas projects in Mexico using the United Nations Framework Classification. Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate.
The complete paper describes the generation of additional fundamental solubility data under HP/HT conditions and comparison of the obtained values with several existing models. The complete paper presents a practical approach for validating design-verification analysis for subsea equipment, using a representative pressure valve block to correlate finite-element analysis (FEA) predictions for strain changes with actual measured changes. The Anchor development in the US Gulf of Mexico is the first ultra-high-pressure project requiring 20-ksi operating pressure to reach a final investment decision. This paper discusses how managed-pressure-drilling (MPD) technology led to cost savings in two wells drilled in the Hai Thach gas field offshore southern Vietnam. We must concentrate our paper selection on technology and operating methods that make HP/HT drilling operations faster, safer, and more cost-efficient.
FLITE Material Sciences says that its unique lasering process can be used on just about any type of material to make it either repel or attract water and oil. For an industry that deals with a lot of both, the technology has many potential use cases. This paper describes studies that confirm that enzyme-based, environmentally preferable chemistries can be used to break polymers and mitigate H2S in various systems. The paper describes options for hydrate and integrity management and the required modifications to both subsea and topside facilities to enable an operational philosophy change. A multizone water-injection project has ultimately proved a method of using intelligent completion interval-control valves in place of traditional sand-control completions in soft sand reservoirs.