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In addition to the well-recognized elements of digital transformation such as real-time monitoring, remote intelligence, and extraction of insights from data, there is a need to evolve the industry hardware through application of enhanced edge computing. Unlike shale, deepwater plays—which are highly front-loaded investments with long project cycles—will be least affected by the current round of severe investment reductions. Large offshore plays in safer regions have become essential elements of the core business of large oil and gas players. In 2004, US oil production was in decline, Facebook did not exist, and attitudes toward climate change were in flux. Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.
The complete paper discusses the systematic approach adopted by a service company to achieve the goal of safely abandoning wells offshore southwest Brazil with different completion types using light workover vessels. Plug-and-abandonment (P&A) operations can be expensive, leading to negative net present value. Historically, P&A operations in the North Sea—estimated to hold some 3,000 wells of declining production—were performed with either drilling or workover rigs.
The latest updates on the North American shale sector’s efforts to consolidate and restructure. Chevron strengthens its North American position with assets in the Permian, DJ, and Eagle Ford basins and offshore in Israel and West Africa. The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business. The provider of subscription-based analytics services for the North American oil and gas sector continues its streak of purchasing data-focused firms. There is a new, big independent in the UK North Sea, Delek Group.
Phase 1 involved a feasibility study for a facility capable of capturing 750,000 tonnes of carbon dioxide annually. The next phase will explore building a facility capable of more than twice that amount. Winning innovators focused on environment, safety, and operational efficiency. Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.
The field startup is Hurricane’s first step to actualizing its potentially considerable resources in the UK North Sea. Lancaster is expected to produce an average of 17,000 BOPD by the end of the year. Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak. Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.
Nanotechnology has great potential to reduce cost, increase production, and even improve the sustainability of E&P operations. But, where do we stand in terms of potential vs. reality? And, is the industry ready and willing to use the technology? The annual SPE PFC Technical Section dinner will take place during ATCE in Dubai on 26 September. The 2014 SPE Annual Technical Conference and Exhibition (ATCE) in Amsterdam drew people from all over the world, covered global themes, and focused on the triumphs, challenges, and remaining opportunities for the North Sea.
Operators in the Permian Basin are looking for new ways to handle the rising volumes of produced water coming out of the region without using saltwater disposal wells. One solution, treatment for discharge, could provide an efficient alternative. The Buchan Alpha ended production on 12 May in the UK North Sea. The semisubmersible moored floating production facility will be decommissioned by Veolia at its Dales Voe site in Lerwick, Shetland.
With production declining and a nearby terminal closed, UK authorities have given the nod for decommissioning to begin on the aging North Sea gas field. Perenco has been in operation since 1992, with Perenco taking over as operator from BP in 2003. The completion of the subsea installation marks another major step for one of several projects scheduled to tie back to the Gjøa platform in the Norwegian North Sea. Production for the Wintershall Dea-operated project is expected to start up in 2021. The decision comes a year after Neptune stopped production from the North Sea gas field, and 4 months after it submitted decommissioning plans to the UK authorities.
Sensors, robots, and artificial intelligence have made their way into a number of areas within the industry, including pipeline inspections. Shell has begun to examine the innovative technologies that could shift the inspection paradigm. The $43-million deal with Saipem will utilize a wireless underwater intervention drone and an ROV for intervention work on the Njord field in the Norwegian North Sea. Equinor said the contract is the first ever from an operator for advanced wireless drone services. At the 2016 Gulf of Mexico Deepwater Technical Symposium in New Orleans, a presentation discussed the application of sensors and analytics in pipeline integrity management systems.