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The Novoportovskoye oil and gas condensate field was discovered in 1964 but left undeveloped for decades due to its remote location on the Yamal Peninsula in Siberia. With a production capacity of nearly 20 mtpa, Wood Mackenzie says the project would be the largest single project to reach FID. Novatek plans to spend more than $21 billion to launch the project at full capacity. Startup is scheduled for 2023. The Russian independent will likely sell an ownership stake to an additional partner in the coming weeks, joining Total, CNOOC, and CNPC.
This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders. Examples are provided including corporate, business unit and department case studies. Safety leadership focuses on the Human Factors (HF) which complement technical training to optimise reliability, safety, compliance, efficiency, and risks within a team-based environment. The IOGP laid down the HF skills and competencies required, and they form the basis for specialised O&G HF training's delivered by Mission Performance. This 1-day course reviews the key human factors but then also reviews what can be done to accelerate and scale operational roll-out for optimum and sustained impact, including integration with existing safety processes and (reporting) systems, refreshers, assessments, measurements, as well as the role of leadership and culture. Decisions in E&P ventures are affected by Bias, Blindness, and Illusions (BBI) which permeate our analyses, interpretations and decisions. This one-day course examines the influence of these cognitive pitfalls and presents techniques that can be used to mitigate their impact. Bias refers to errors in thinking whereby interpretations and judgments are drawn in an illogical fashion.
Learn more about training courses being offered. This course covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. The course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share. Every attendee leaves energised with a full list of ideas and a support network of fellow leaders. Those sections and student chapters actively participating in this workshop have consistently been recognized with awards as the best in SPE. SPE Cares is a global volunteering drive aimed at promoting, supporting and participating in community services at the SPE section and student chapter’s level. On its official launch this year at ATCE Dubai, SPE Cares will conduct a “Give a Ghaf” Tree Planting Programme to help preserve Ghaf’s cultural and ecological heritage. The Ghaf tree is an indigenous species, specific to UAE, Oman and Saudi Arabia. It is a drought tolerant, evergreen tree that can survive a harsh desert environment. The initiative not only aims to hold events/activities at ATCE, but also recognise community service that SPE members are already conducting in their respective student chapters and professional sections. The KEY Club, open daily, is an exclusive lounge for key SPE members. The lounge is open to those with 25 years or more of continuous membership, Century Club members, current and former SPE Board officers and directors, Honorary and Distinguished Members, as well as this year’s SPE International Award Winners and Distinguished Lecturers. DSATS (SPE’s Drilling Systems Automation Technical Section) will hold a half-day symposium featuring keynote presentations on urban automation. This symposium will explore technologies being used in developing smart cities through the automation of their infrastructure, transportation systems, energy distribution, water systems, street lighting, refuse collection, etc. These efforts rely on many of the same tools needed for drilling systems automation yielding increased efficiencies, lower maintenance and reduced emissions. Their knowledge and experience can guide the path being travelled by the oilfield drilling industry. The symposium will open with an update from SPE DSATS progress of various working groups and the outlook for future activities. This will be followed by a presentation from West Virginia University, winners of the 2016 Drillbotics™ competition for university students to build a small, fully automated drilling rig and vie to drill rock samples safely and efficiently.
PETRONAS FLNG SATU (PFLNG1) is a floating liquefied natural gas facility producing 1.2 million tonnes per annum (mtpa) of LNG, on a facility that is 365m long, and 60m wide, making it among the largest offshore facility ever built. The PFLNG1 project is the first of its kind in the world and is the first deployment of PETRONASâ€™ Floating Liquefied Natural Gas (FLNG) technology, consolidating the traditional offshore to onshore LNG infrastructure into a single facility. This will see a giant floating facility capable of extracting, liquefying and storing LNG at sea, before it is exported to customers around the globe. The FLNG journey has come a long way since 2006, with many technological options explored to monetise and unlock the potential of small and stranded gas fields. Moving an LNG production to an offshore setting poses a demanding set of challenges â€“ as every element of a conventional LNG facility needs to fit into an area roughly one quarter the size in the open seas whilst maintaining safety and increased flexibility to LNG production and delivery. The keynote address describes the breakthrough features of PFLNG1 â€“ the worldâ€™s first floating LNG facility; and the pioneering innovation that it brings to the LNG industry.
Since the industrial revolution, the oil and gas industry has played an important role in the economic transformation of the world, fueling the need for heat, light and mobility of the world’s population. Today, the oil and gas industry has the opportunity to redefine its boundaries through digitalisation, after a period of falling crude prices disrupted exploration and production activities, and ineffective mature field development challenges that are currently facing most oil and gas companies in Indonesia. The recent downturn in the oil and gas industry has led to massive layoffs. Digital industrial revolution is slowly changing how upstream businesses operate. Increasing public awareness of climate change has fuelled the urgency to shift to cleaner alternative energy. Can the current petroleum engineers survive in the next 10 to20 years?
Africa (Sub-Sahara) Drilling began on the Bamboo-1 well, located around 35 miles offshore Cameroon in the Ntem concession. The Bamboo prospect is a basin floor fan target within an Upper Cretaceous play. The well will be drilled to an estimated depth of 4200 m. Murphy Cameroon (50%) is the operator, with partner Sterling (50%). The Nene Marine 3 exploration well--located in the Marine XII block, which is around 17 km offshore Congo--encountered a wet gas and light oil accumulation in a presalt clastic sequence Eni (65%) operates the Marine XII block, with partners New Age (25%) and Société Nationale des Pétroles du Congo (10%). Asia Pacific China National Petroleum Corporation (CNPC) stated on its website that its subsidiary, PetroChina, discovered gas in the Moxi block of An'yue field, located in the Sichuan basin, China.