August 2010
Volume 62 Number 8
Features
Guest Editorial • Finding the Right Opportunities in Energy M&A • Michael Collier, Partner, Houston Transaction Services Group, PricewaterhouseCoopers
One sure sign that the economy is in recovery mode is the increase in merger and acquisition activity. With optimism returning, there are two major reasons we may see an abundance of deals in the energy arena: demand for deals in the service and equipment space, and the new shale-gas paradigm.
Petrobras: A Legacy of Growth Continuing and Accelerating
Petrobras, Brazil’s national oil company, has become an ever-larger player among world oil producers and, with the prospects of developing the country’s huge presalt reserves, this growth in stature will not only continue but accelerate.
China’s Significance Highlighted at Conference
Key energy developments and technology applications in China, the Asia Pacific region, and around the globe were highlighted by expert panel sessions and more than 300 technical papers at the ninth International Oil and Gas Conference and Exhibition in China, held 8–10 June in Beijing.
Management • Energy and Environment: The Ultimate Test of E&P “Intelligence” • Pieter Kapteijn, director, Technology and Innovation, Maersk Oil
In the next few decades the E&P Industry will face a unique confluence of two major challenges: it must continue to provide the world with sufficient oil and gas to support global development, while at the same time help it reduce the environmental impact of fossil-fuel use, with a focus on the reduction of greenhouse-gas emissions.
2010–11 SPE Distinguished Lecturer Program Announced
Featuring 39 speakers from various disciplines and professions, the 2010–11 SPE Distinguished Lecturer Program emphasizes current industry trends, challenges, and technology through diverse topics.
SPE Annual Meeting to be Held Outside US for First Time
A preview of 2010 SPE Annual Technical Conference and Exhibition, which will be held in Florence, Italy in September, the first time the conference has been held outside of the US.
Technology Focus
Formation Evaluation
Bob Harrison, SPE, consultant petroleum engineer
Fluid-Pressure Gradients in Tight Formations
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper SPE 121982, “Fluid-Pressure Gradients in Tight Formations,” by J.A. Larsen, SPE, Statoil/Consultant, and H. Urkedal and A. Lønøy, Statoil, prepared for the 2009 SPE Europec/EAGE Annual Conference and Exhibition, Amsterdam, 8–11 June. The paper has not been peer reviewed.
Net Pay: What Is It? What Does It Do? How Do We Quantify It? How Do We Use It?
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper SPE 123561, “Net Pay: What Is It? What Does It Do? How Do We Quantify It? How Do We Use It?” by Paul F. Worthington, SPE, Gaffney, Cline & Associates, prepared for the 2009 SPE Asia Pacific Oil and Gas Conference and Exhibition, Jakarta, 4–6 August. The paper has not been peer reviewed.
Evaluation of the Petrophysical Properties of a Carbonate-Rich Caprock for CO2-Geological-Storage Purposes
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper SPE 131525, “Evaluation of the Petrophysical Properties of a Carbonate-Rich Caprock for CO2-Geological-Storage Purposes,” by Nicolas Tonnet, and Daniel Broseta, SPE, University of Pau, and Gérard Mouronval, Total, prepared for the 2010 SPE EUROPEC/EAGE Annual Conference and Exhibition, Barcelona, Spain, 14–17 June. The paper has not been peer reviewed.
Subsea Technology
Jacques B. Saliés, SPE, Drilling and Completion Manager, Petrobras America
Perdido Development: Subsea and Flowline Systems
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper OTC 20882, “Perdido Development: Subsea and Flowline Systems,” by G.T. Ju, H.S. Littell, T.B. Cook, M. Dupre, K.M. Clausing, E. Shumilak, SPE, and W.W. Schoppa, Shell, and W.A. Blizzard, Seahorse Deepwater Technology, prepared for the 2010 Offshore Technology Conference, Houston, 3–6 May. The paper has not been peer reviewed.
Parque das Conchas (BC-10) Subsea-Hardware Systems: Selection, Challenges, and Lessons Learned
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper OTC 20649, “Parque das Conchas (BC-10) Subsea-Hardware Systems: Selection, Challenges, and Lessons Learned,” by L.A. Olijnik and D.A. La Caze, Shell, prepared for the 2010 Offshore Technology Conference, Houston, 3–6 May. The paper has not been peer reviewed.
Subsea-Hardware Installation From an FDPSO
This article, written by Senior Technology Editor Dennis Denney, contains highlights of paper OTC 20495, “Subsea-Hardware Installation From an FDPSO,” by Thomas J. Stensgaard, Murphy West Africa, and Charles E. White and Kevin R. Schiffer, Doris Inc., prepared for the 2010 Offshore Technology Conference, Houston, 3–6 May. The paper has not been peer reviewed.
Health, Safety, and Environment
Emmanuel Garland, SPE, Special Advisor, Total Exploration-Production
NORM: Innovative Thinking With Decommissioning and Radioactive Waste
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper SPE 125661, “NORM: The Lessons To Be Learned, New Challenges and Innovative Thinking With Decommissioning and Radioactive Waste,” by A.L. Smith, SPE, Risk Management Systems, originally prepared for the 2010 SPE International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Rio de Janeiro, 12–14 April. The paper has not been peer reviewed.
Strategic Health Management
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper SPE 127068, “Application the Strategic Health Management,” by Filippo Uberti, SPE, Erasmo Macera, Simone Mortara, SPE, and Guillermo Gomez, SPE, Eni E&P, originally prepared for the 2010 SPE International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Rio de Janeiro, 12–14 April. The paper has not been peer reviewed.
OGP Land-Transportation Safety Recommended Practices Reduced Fatalities Significantly
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper SPE 126520, “How OGP Land Transportation Safety Recommended Practices Led One Company To Significantly Reduce Fatalities in Just 18 Months,” by David Allison and Mihai Frasineanu, OMV-Petrom, originally prepared for the 2010 SPE International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Rio de Janeiro, 12–14 April. The paper has not been peer reviewed.
Use of a Plume-Modeling Study To Reduce the Risk of H2S Release in an Exploration Well
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper IPTC 13636, “The Use of a Plume Modelling Study to Reduce the Risk of H2S Release in an Exploration Well to as Low as Reasonably Practicable (ALARP),” by J.G. Mcllroy, SPE, Petroleum Development Oman, originally prepared for the 2009 International Petroleum Technology Conference, Doha, Qatar, 7–9 December. The paper has not been peer reviewed.
Environmental Performance in the Exploration and Production Industry (2007 and 2008)
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper SPE 126616, “Environmental Performance in the E&P Industry: Data for 2007 and 2008,” by A.J. Findlay and W.M. Poore, International Association of Oil and Gas Producers, originally prepared for the 2010 SPE International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Rio de Janeiro, 12–14 April. The paper has not been peer reviewed.
Risk of Introduction of Alien Species in the Goliat Field
This article, written by Assistant Technology Editor Karen Bybee, contains highlights of paper SPE 127063, “The Risk of Introduction of Alien Species at the Goliat Field in the Barents Sea and Risk Reducing Measures,” by Amund Ulfsnes, DNV; Egil Dragsund, OLF; and Torild Nissen-Lie, DNV, originally prepared for the 2010 SPE International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Rio de Janeiro, 12–14 April. The paper has not been peer reviewed.
