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Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics. The purpose of this paper is to examine coiled-tubing (CT) -stimulation and -logging technologies used in the timely project execution of one of Saudi Arabia’s largest field developments to enhance matrix-stimulation success in a cost-effective manner.
This paper presents the basic concepts and architecture of the Eni Reservoir Electromagnetic Mapping borehole electromagnetic mapping system that integrates borehole EM methodology with surface EM methods to provide real-time mapping of reservoir-fluid distribution during production or injection. An intelligent drilling optimization application performs as an adaptive autodriller. In the Marcellus Shale, ROP improved 61% and 39% and drilling performance, measured as hours on bottom, improved 25%. With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. A test showing that it’s possible to automate the billing process for produced water hauling has opened the door for tracking a wide range of field activities.
Africa (Sub-Sahara) Aminex Petroleum Egypt (APE), a subsidiary of UK-based Aminex, discovered oil at its South Malak-2 (SM2) well on the West Esh el Mellaha-2 concession in Egypt. Tests showed flow rates of approximately 430 B/D of 40 API gravity crude oil. Based on the findings at SM2, a full field development program will be presented to the Egyptian authorities and the joint venture partners before commercial development. APE is the operator of the license with partner Groundstar Resources.
The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers. Nymex WTI crude opened Monday on track for its worst day on record, falling nearly 40% to $11.05/bbl on the back of excess supply vs. low demand and dwindling storage capacity. The market in 2020 will be oversupplied by 3–5 million B/D and global inventory will surpass 400 million bbls over the next few months, according to ADI Analytics. The oilfield services and equipment sector, while optimistic, has not yet seen the effects of the improved oil price in the recovery of its overall business. As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook.
An economic downturn and global pandemic are among many issues US midstream operators are dealing with in 2020, including exposure to upstream bankruptcies, limited M&A activity, and regulatory issues. Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications. The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year. The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers. McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection.
Several E&P and OFS companies have already filed for Chapter 11, but unless prices strengthen the total number of filings could be as high as 190 by 2022. Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications. The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year. The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers.
Africa (Sub-Sahara) The drillship Ocean Rig Athena is preparing to drill appraisal and exploration wells offshore Senegal for a joint venture (JV) led by Cairn Energy. Two wells will appraise the SNE discovery, which was ranked by IHS CERA as the world's largest for oil last year. An exploration well will also be drilled in the Bellatrix prospect, for which mapping has indicated a potential 168 million bbl of oil resources. Cairn holds a 40% interest in the JV, with remaining interests held by ConocoPhillips (35%), FAR (15%), and Petrosen (10%). The Ksiri West-A exploration well drilled by Circle Oil on the Sebou permit onshore Morocco has flowed gas at a rate of 8 MMcf/D following tests. It is being readied for production.
Africa (Sub-Sahara) Kosmos Energy has made a significant deepwater gas discovery off Senegal. The Guembeul-1 well in the northern part of the St. Louis Offshore Profond license in 8,858 ft of water encountered 331 net ft of gas pay in two excellent-quality reservoirs, the company reported. The results demonstrate reservoir continuity and static pressure communication with the Tortue-1 well, which suggests a single gas accumulation. The mean gross resource estimate for the Greater Tortue complex has risen to 17 Tcf from 14 Tcf as a result of the Guembeul discovery, the company said. Kosmos, the operator, has a 60% interest in the well. Timis (30%) and Petrosen (10%) hold the remaining interest. In Salah Gas has started production from its Southern fields in Algeria.
Industrial blockchain network Data Gumbo has facilitated real-time tracking of lease operating expenses for oil and gas operators by using validated field-operating data to trigger automated payments based on agreed terms. The agreement will use IBM’s hybrid-cloud technology and Red Hat’s OpenShift platform to expand access to Schlumberger’s Delfi exploration and production software suite. Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins. The Norwegian company completed what it describes as the world’s first logistics operation with a drone to an offshore installation. Using 3D and artificial intelligence technologies, a digital map of all three bridge-linked jackets was captured, enabling Neptune to detect asset-integrity issues early and plan fabric maintenance work on Cygnus. In this 30-minute interview, Angela Dang Atkinson, a data scientist with Cognite, talks about what skills beyond technology new petroleum engineers need and what challenges they will face in the digital oil field. The Oil and Gas Technology Centre’s first virtual hackathon—Code[Less]—will take place 21–24 September, with 75 participants teaming up to solve challenges, without using coding, to raise awareness of the demand for automation and innovation in the energy sector.
A new open innovation studio aims to use crowdsourcing to redefine the future of oil and gas exploration. To provide condition monitoring and combat fouling, the robot clings and moves along the hull walls. It is controlled via a 4G connection to clean and inspect the walls in line with individual vessel schedules developed through a proprietary algorithm and big data. The maritime technology company successfully completed a remote deadweight audit for a semisubmersible oil and gas drilling rig. Believed to be the first of its kind, the remote survey was developed in response to travel and social-distancing restrictions imposed during the COVID-19 pandemic.