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This course provides an overview of how shale and tight reservoirs are different from conventional oil and gas reservoirs. This includes major differences in how the reservoirs are characterized, evaluated, and developed plus a review of the unique terminology and concepts applied to shale plays. The class will provide a solid foundation for a broader understanding of shale exploration and development activities. It's also a great opportunity to network with others involved in shale development. This course is for engineers, geologists, managers, regulators, planners and anyone else involved in evaluating or developing shale gas plays.
Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024. Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues? Two intelligence groups share similar views on how the fallout from the COVID-19 pandemic has impacted OFS companies’ valuations and operations.
This one-day course provides a robust framework for assessing uncertainty and risk in unconventional projects. It begins by summarizing the key discipline-specific workflows and work products needed to characterize your project. It then introduces 1) statistics as a basis for applying probabilistic techniques, 2) approaches for estimating key parameters under uncertainty, and 3) techniques to mitigate bias in your work. The course then turns to using aggregation and its derivative products (trumpet plots, confidence curves, and sequential aggregation plots) to quantify the optimal number of appraisal wells and track your drilling progress. The course concludes by applying what's been learned within a staged approach in order to expose capital incrementally and make good decisions along the way about whether to continue funding the project.
This course provides practical insights to the techniques and technology applied in evaluating and developing shale and tight reservoirs. Special emphasis is placed on the unique features of these reservoirs, including the geologic characteristics, reservoir properties, evaluation approaches, completion methods, and aspects of development. The course also reviews the status and characteristics of various plays and the key factors that correlate to reservoir productivity and recovery volumes. The class will provide a solid foundation for a broader understanding of shale exploration and development activities. It's also a great opportunity to network with others involved in shale development.
The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes. Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs. Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months. Delays and disruptions have stymied project plans in the past few months.
The author writes that the generally accepted Knudsen diffusion in shales is based on a mistranslation of the flow physics and may give theoretically unsound predictions of the increased permeability of shales to gas flow. An extensive laboratory study was carried out with two objectives: to evaluate the effect of water quality on injectivity of disposal wells with reservoir core plugs and to restore injectivity of damaged wells. The F field in the Middle East currently has more than 40 producing wells in the center of the structure. The uneven well distribution limits the understanding of 3D reservoir characterization, particularly in the flank areas.
This study focus on the design and evaluation of a customized water-based mud (NP-WBM) using silica oxide nanoparticles (SiO2-NPs) and graphene oxide nanoplatelets (GNPs). The effects of adding iron oxide NPs on the rheological and filtration properties of aqueous bentonite suspensions have been studied by several researchers. This paper presents an investigation into the effect of catalytic nanoparticles on the efficiency of recovery from continuous steam injection.
OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity. One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets. The new economic environment known as “lower for longer” has had no small effect on offshore safety, said a panel of experts at the 2017 Offshore Technology Conference. Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation. Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
Lower oil prices and capital discipline are expected to result in a double-digit drop in shale and tight oil spending, while deepwater momentum is seen continuing. This comes as “massive investments” will be needed in the next decade to meet growing oil demand. Offshore exploration will be slow to come back as companies have delayed billions in projects through 2020. Exploration projects also must complete for funds with brownfields developments like EOR that potentially provide a shorter time to show a return.