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A downhole compressor solution based on advanced magnetic technologies completed its first field trials in an unconventional gas well. Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good. As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain. The largest oil and gas major in the US is calling for tighter rules around methane monitoring, wellhead venting, and the replacement of equipment components with “high-leak potential.” Production monitoring requires heightened degrees of precision and efficiency as operations are streamlined and projects are evaluated continuously.
The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier. Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term. The largest natural gas field in the rising Eastern Mediterranean region is now flowing after being discovered a decade ago. First oil from the 120,000-B/D Liza Destiny FPSO is flowing ahead of schedule. The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.”
Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term. The largest natural gas field in the rising Eastern Mediterranean region is now flowing after being discovered a decade ago. First oil from the 120,000-B/D Liza Destiny FPSO is flowing ahead of schedule. The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.” The goal is to see if combining digital technologies will lower the operating costs of its shale assets.
Most of ConocoPhillips’ oil and gas production by the end of the next decade will come from its unconventional operations. But, for the near-term, the Houston independent will rely on conventional assets as it seeks to keep spending in check, decline rates low, and cash flow on the rise. Xu Keqiang took the reins as CEO of the Chinese national oil company on 19 November. Meanwhile, more oil is flowing from the offshore Caofeidian 11-1/11-6 oilfield project. Macroeconomic and business risks, investor uncertainty, and the energy transition highlight the challenges outlined in the report.
The US major has had a stake in the field since it started production in 1997. It produced 584,000 B/D of oil last year. Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn. GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales. Expected to close 31 October, the deal will create one of the largest pressure pumpers in the US.
Technology startups are breathing new life into an old industry with advanced software and emerging chemistry solutions. 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 $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 shale sector is making moves to consolidate amid investor pressure to increase cash flow. This deal will form the second-largest producer in Colorado’s DJ Basin.
Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years. Equinor, Microsoft, and Halliburton are among those joining forces. Colombia’s New Ambitions Include Caribbean and Shale Development, But Are They Achievable? Colombia is walking a thin line between becoming another fading petroleum province and Latin America’s next big success story. Its aces in the hole: unleashing its nascent offshore and unconventional sectors.
The marine geohazards industry has developed over the past sixty years in direct response to the needs of the offshore drilling and facilities industry whose operational integrity it seeks to protect.
Developments in marine geohazards industry techniques have, for the main part, reacted to the appearance of newly realised integrity concerns, as realised through industry incidents and findings of subsequent follow up investigations, or through prescient consideration that existing tools and techniques are not adequate for application in new environments - such as the continuing move into ever deeper water or arctic environments, if operational integrity is to be protected.
This paper considers some of the key steps and triggers that have occurred in the past development of geophysical and geological site investigation rationale in both the Gulf of Mexico and North West Europe from which most of the technical progressions have been sourced to the current day.
Recently two areas have emerged for renewed focus and therefore re-evaluation of industry approach: the needs of Relief Wells and Deep Seafloor Benthic assessment. In both cases, however, there are already key previous industry learnings, from over the past twenty years, upon which the industry can build to improve operational and environmental integrity and to be in a position to effectively support either emergency response or fundamental understanding as it is required.
The paper uses industry: statistics, past major incidents, published references and data to illustrate the themes and to assist in identifying areas for future Marine Geohazard technology focus and development.
It is generally accepted that the offshore industry, as would be described today, dates from when Kerr McGee spudded the historic Ship Shoal Block 32 well in October 1947. Since this time the industry has developed to the point where the world record depth of drilling and development is Petrobras's America's Cascade FPSO in the Walker Ridge 249 field in 2,600 meters of water in the Gulf of Mexico. The offshore industry is now near global in its activities and reach.
Throughout this time, however, the industry's development has been punctuated by significant safety incidents that, in turn, have triggered developments of technology or technique to counter the re-occurrence of the underlying cause of the incident - either due to previous techniques having been realized to be inadequate in the setting they were being applied, or due to entirely new, previously unknown, issues arising that now require evaluation and understanding to mitigate risk and prevent recurrence in future activities.
Until the late 1980s the industry mainly acted in a responsive manner to issues arising. New tools and techniques were generally developed and applied to provide support in defining a newly realized hazard area to allow either direct avoidance or mitigation of the hazard through engineering - either in well or facilities design. This is very well illustrated by the issue of shallow gas.
Petruska, David Joseph (BP plc) | Kelly, Pat (BP) | Stone, Barbara (IntecSea) | Ahjem, Vidar (Det Norske Veritas) | Zimmerman, Evan H. (Delmar Systems, Inc.) | Garrity, Robert (Delmar Systems, Inc.) | Veselis, Todd (InterMoor)
The 1st Edition of API RP 2SM — Recommended Practice for Design, Manufacture, Installation and Maintenance of Synthetic Fiber Ropes for Offshore Mooring — was released in March 2001. Prior to then, most of the actual synthetic fiber rope mooring applications were installed in Brazil by Petrobras. Since the publication of RP 2SM, polyester moorings have been used in other deepwater basins, including the Gulf of Mexico, for both temporary drilling MODUs and permanent FPSs. Much has been learned from the actual design, manufacture, installation and operation of these systems by other operators and contractors throughout the past decade. This work has created an extensive knowledge base in the areas of both synthetic fiber rope behavior and mooring system design. To best capture these new learnings, an API Task Group assembled to perform a major update in developing a 2nd Edition.
API RP 2SM is the recognized standard for synthetic fiber offshore moorings in the Gulf of Mexico as well as other deepwater basins of the world. It is used in conjunction with API RP 2SK (Design and Analysis of Stationkeeping Systems for Floating Structures, 2005) and API RP 2I (In-Service Inspection of Mooring Hardware for Floating Structures, 2008) for the design, manufacture, installation and maintenance of both temporary and permanent synthetic fiber mooring systems.
This paper will present the key changes in the update of this API RP. Reasons for the changes and significance on a synthetic fiber offshore mooring project will be discussed. Major changes in the RP include sections on elongation and stiffness testing, contact with the seafloor, creep rupture and axial tension compression fatigue. The new guidance in the RP will allow for improved synthetic fiber mooring systems design, installation and operation while also potentially reducing cost.