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Country had hoped to boost oil output and bring in much-needed revenues. The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said. The French major is racking up barrels of deepwater production as part of its large-scale West African push. Since 2007, an operator in Nigeria has registered a significant increase of oil-spill events caused by sabotage and oil-theft activities. The technology presented here allows detecting and locating leaks taking place at a distance from the sensor of up to 35 km.
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. The most recent hydrocarbon production boom is under way in the Middle East, and this time, the race is spilling into offshore waters. The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025. The upgrade project will increase the maturing field’s oil production to 485,000 B/D.
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations. Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets? Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?
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.
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.” The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future. The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.
In the complete paper, the inverse-injectivity method of evaluating matrix-stimulation performance is modified and validated with real data of two matrix-acidizing operations in a gas-condensate field. One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports. After 70 years of production, more than 30% of the Arab C reservoir stock-tank original oil in place has been recovered through various mechanisms including natural depletion, waterflooding, gas lift implementation, and horizontal-well development. The North field offshore Qatar was observed to have a chance of inner annuli becoming charged with shallow-gas pressure with possible communication to other annuli, which was thought to be a well integrity concern. Airborne imaging spectroscopy has evolved dramatically since the 1980s as a robust remote-sensing technique used to generate 2D maps of surface properties over large areas.
In the complete paper, the inverse-injectivity method of evaluating matrix-stimulation performance is modified and validated with real data of two matrix-acidizing operations in a gas-condensate field. High-tech testing is playing a bigger role than ever in helping shale producers reduce the time needed to screen out bad ideas. With multistage operations becoming the industry norm, operators need easily deployable diversion technologies that will protect previously stimulated perforations and enable addition of new ones. This paper reviews several aspects of the use of in-stage diversion. Significant production gains are being made with hydraulicly fractured wells using diversion to stimulate a higher percentage of the perforations.
Africa (Sub-Sahara) Bowleven said that its extended flow test program at the Moambe and Zingana wells on the Bomono Permit onshore Cameroon is complete. The company said that the results to date continue to support its plans for an initial supply of between 5 MMscf/D and 6 MMscf/D of natural gas for power generation, under a development program established with partners Actis and Eneo. The initial program focuses on production from the shallower gas-prone sands on the permit. Bowleven has a 100% equity interest in the permit. Eni started production from the West Hub development project's Mpungi field in Block 15/06 offshore Angola. The startup follows the project's first oil from the Sangos field in November 2014 and the Cinguvu field last April.