The Southwest Partnership on Carbon Sequestration (SWP) is one of seven large-scale demonstration projects sponsored by the US Department of Energy. The SWP has a goal of permanently sequestering more than 1 million t of carbon dioxide (CO2) in an active enhanced-oil-recovery (EOR) project in a mature waterflood in the Anadarko Basin. Goals of the project include optimizing the balance between EOR and storage, ensuring storage permanence, and developing best practices for carbon storage using man-made CO2.
In this study, several process alternatives for the permanent sequestration of carbon dioxide (CO2) as solid carbonates are evaluated. Although the formation of mineral carbonates is thermodynamically favorable, it does not occur significantly because of kinetic limitations and the formation of products that hinder the evolution of the process. In the complete paper, the authors propose biomimicking approaches to precipitate solid carbonates while limiting the amount of energy required or using the byproducts to generate valuable materials.
Athlon Energy has entered into agreements with multiple, unrelated, third-party sellers to acquire certain producing properties and undeveloped acreage in Texas for USD 382 million. The properties are 100% operated with more than 90% of the total acreage concentrated in Midland and Martin counties, and the remaining acreage in Glasscock County. The acquired assets consist of 179 horizontal drilling locations spread across 6,450 net acres, 168 vertical 40-acre and 20-acre locations, 1P reserves of 11 million BOE, and total net reserve potential of approximately 90 million BOE. During May 2014, the acquired assets produced approximately 3,000 BOE/D.
Vitesse Energy, a subsidiary of Leucadia National Corporation, has acquired nonoperated oil and gas assets in the Williston basin fromEnerVest Operating for a preliminary purchase price of USD 186.5 million. The assets acquired include a working interest in approximately 600 wells and over 19,000 net acres, primarily in Williams, McKenzie, and Mountrail counties in North Dakota.
Technip USA signed an agreement to sell its North American diving assets to Ranger Offshore. The acquisition includes diving assets and two dynamically positioned multiservice support vessels, as well as a multiyear preferred subcontractor agreement whereby Ranger will provide diving services to Technip USA.
Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield Services to provide subsea intervention services, offshore Brazil, from the Aker Wayfarer vessel. The contract term will start within the fourth quarter of 2016 and has a 5-year option extension. The Wayfarer will be outfitted at a yard in Norway to become a deepwater subsea-equipment-support vessel. It will have a fiber-rope deployment system, deck skidding systems, and a subsea-orientation equipment system, allowing it to install and retrieve subsea trees and modules, including subsea structures and manifolds.
IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remotely operated vehicle (ROV) services onboard mid-water semisubmersible rig Scarabeo 7. The contract has a value of approximately USD 16 million and is for a firm period of 2.5 years. Two ROVs, including support equipment and personnel, will be provided. Equipment will be mobilized from IKM Subsea headquarters in Norway, and the contract will be run from Singapore through subsidiary IKM Subsea Indonesia.