The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
The Italian operator reported positive appraisal and exploration results from wells drilled some 10,000 km apart. UK operator Trident Energy is entering Brazil while Australian firm Karoon Energy is expanding its position in the country. Both will try to boost output from already-producing assets. Findings from Kayrros suggest the average Permian well is both less productive and more expensive than reflected in public data. Mexican President Andrés Manuel López Obrador is prioritizing investment in Pemex over foreign participation as a means to boost the country’s shrinking oil output.
The firms are now partners on multiple blocks in the North Argentina Basin. Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253. Using maglev technology, a new artificial lift system seeks to boost production output by sucking down reservoir pressure from inside the wellbore and from inside the reservoir. The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November. The round marked a continuation of a recent trend on the UKCS in which lesser-known firms and newcomers have gained stature, replacing more-familiar, bigger operators that have pared down their North Sea positions.
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems. Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix. Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows. Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption.
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field. Statoil is going to work to put its enormous Johan Sverdrup discovery into production, showing that even one of the most explored parts of the North Sea still has significant potential.
This paper introduces a new core-analysis work flow for determining resistivity index (RI), formation factor (FF), and other petrophysical properties directly from an as-received (AR) set of core samples. In this paper, the authors discuss the characterization process for GR tools and how they behave in boreholes different from the one used in the University of Houston (UH) GR characterization pit. This paper discusses a study undertaken to gain better understanding of nuclear magnetic resonance (NMR) characteristics of volcanic reservoirs with different lithologies. For this year’s feature, the selected papers provide innovative work flows that assist in determining productivity, reduce the effect of uncertainty conditions, and spark rejuvenation. Twelve organizations—universities and private technology companies—will conduct research and development on emerging shale plays and technologies covering everything from digital pressure-sensing to smart microchip proppant.
The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips. The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore. The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade. Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems. The value of hidden-danger data stored in text can be revealed through an approach that can help sort and interpret information in an ordered way not used previously in safety management. This paper highlights the results of a test campaign for a tool designed to predict the short-term trends of energy-efficiency indices and optimal management of a production plant. To analyze the status of digital transformation strategies and the pace of implementation in the Middle East, an SPE Applied Technology Workshop brought together operating and service companies and consulting firms for a discussion. Findings from Kayrros suggest the average Permian well is both less productive and more expensive than reflected in public data.
Africa (Sub-Sahara) Eni announced an oil discovery in Block 15/06 offshore Angola in the Kalimba exploration prospect that is estimated to contain between 230 and 300 million bbl of light oil in place. The Kalimba-1 NFW well, which led to the discovery, is located approximately 150 km off the coast. The well was drilled in a depth of 458 m and reached a total depth of 1901 m. The data acquired in the well indicate a production capacity in excess of 5,000 B/D. The discovery creates opportunities for exploration in the southern part of Block 15/06, so far considered mainly gas-prone. The joint venture, with stakes held by Eni (operator, 36.8421%), Sonangol (36.8421%), and SSI Fifteen Limited (26.3158%), will work to appraise the updip of the discovery and will begin studies to fast-track its development.