TOPICS OF INTEREST
Oxy Makes $38-Billion Bid for Anadarko in Hopes of Beating Out Chevron
Keen on Anadarko for a while, Occidental Petroleum is ready to do battle with Chevron for the big independent.
Murphy Oil to Buy Deepwater US Gulf Assets for up to $1.625 Billion
The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business. The company has been rapidly expanding its US gulf footprint while simplifying its portfolio and targeting more oil.
ConocoPhillips to Exit UK E&P Business in $2.7-Billion Sale
With the purchase, the growing, privately-held Chrysaor Holdings will expand its UK North Sea production to 185,000 BOE/D.
ExxonMobil’s Guyana Offshore Discovery Count Rises to 13
Yellowtail-1 is the fifth discovery in the Turbot area, where ExxonMobil plans another Stabroek Block development hub.
Majors, IOCs Win Blocks in Argentine Offshore Bid Round
Thirteen companies placed bids on 18 blocks in the Austral, North Argentina, and Malvinas West basins as part of Argentina’s first open bid round for offshore acreage in more than 20 years.
Ghawar vs. Permian Basin: Is There Even a Comparison?
While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different.
Energean Makes Gas Find Off Israel, Estimates More Than 1 Tcf in Place
The discovery will be tied back to the 775-MMcf/D Energean Power FPSO, advancing Israel’s aim of becoming a regional gas supply hub.
Israel’s Delek Group to Buy Stake from Shell in US Gulf Field for Almost $1 Billion
The move is part of Delek’s strategy to expand its operations beyond the Eastern Mediterranean region. Shell, meanwhile, is in the midst of a $10-billion divestment program.
What Happened to the Private, Family-Owned Oil Company?
When the oil and gas industry goes one way, family-owned Hunt Oil goes the other. And that’s why the company has been around for three generations.
Majors Drive Increase in Global Oil and Gas Discovered Resources
Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.
Shale Producers Look for Fracturing Power, See a Tighter Market
In the fast-moving US shale sector, no market trend seems to last long. The pressure pumping market exemplifies the maxim.
Three Big Numbers Shaping the Global Crude Picture
Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
Repsol, ExxonMobil Latest to Add Colombian E&P Blocks
Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.
Malaysia’s Petronas is Looking Near and Far for Gas and Oil
The state-owned firm is looking within its home country, around Southeast Asia, and to the Americas—including shale—in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years.
In-Situ Upgrading Process Offers Potential for Heavy-Oil Recovery
In this work, the authors developed a numerical model of in-situ upgrading (IU) on the basis of laboratory experiences and validated results, applying the model to an IU test published in the literature.
Correlation-Based Localization Effective in Ensemble-Based History Matching
To enhance the applicability of localization to various history-matching problems, the authors adopt an adaptive localization scheme that exploits the correlations between model variables and observations.
Effects of Completion Design on Thermal Efficiency in SAGD
This paper uses a simulation model to evaluate and compare the thermal efficiency of five different completion design cases during the SAGD circulation phase in the Lloydminster formation in the Lindbergh area in Alberta, Canada.
The cost reduction per barrel of oil produced and the extension of sustainable production life by optimization have been two major areas of focus, but the investments in new technologies and recovery-improvement research have not received sufficient attention during the downturn.
History Matching and Forecasting
Machine-learning methods have gained tremendous attention in the last decade. The underlying idea behind machine learning is that computers can identify patterns and learn from data with minimal human intervention. This is not very different from the notion of automatic history matching.
Integrating Geomechanical Data Optimizes Completions Design
This paper demonstrates how engineers can take advantage of their most-detailed completions and geomechanical data by identifying trends arising from past detailed treatment analyses.
Intelligent Completion in Water-Injector Well Improves Field Development
The operator piloted a new well-completion design combining inflow-control valves (ICVs) in the shallow reservoir and inflow-control devices (ICDs) in the deeper reservoir, both deployed in a water-injector well for the first time in the company’s experience.
Mature Fractured Reservoirs Can Be Repurposed for Gas Storage
This paper discusses studies conducted on two California offshore fields that may be abandoned in the near future. These studies examined the feasibility of repurposing these fields for offshore gas storage by using their reservoir voidage and existing pipeline facilities.
Natural Gas Processing and Handling
Most underground gas-storage facilities are depleted reservoirs. What makes depleted reservoirs attractive is the presence of existing wells used to produce the reservoir, plus the geologic and engineering knowledge acquired during the development of the field.
New Gas-Separation Technology Reduces Cost, Weight, and Footprint
Hydrocarbon processing and treating systems often require large and elaborate surface facilities. When operating in challenging locations, such as deep water or the Arctic, these systems can be expensive. This paper discusses a new adsorption-based gas-separation technology platform.
New Steamflooding Techniques Pay Off in Mukhaizna Field
This paper covers the staged field-development methodology, including analysis and evaluation of various development concepts, that enabled the company to optimize both completion design and artificial-lift selection, reducing downtime and lowering operating costs by nearly 50%.
Novel Approach to Sour-Gas Treatment Lowers Cost and Limits Safety Hazards
This paper investigates novel approaches to sour-gas treatment for use in the Middle East that are outside the common oil and gas market and compares them with traditional techniques.
Novel Forward Model Quantifies Uncertainty of Fracture Networks
This paper presents a work flow to match the history of reservoirs featuring complex fracture networks with a novel forward model.
Pattern-Based History Matching Maintains Consistency for Complex-Facies Reservoirs
A challenging problem of automated history-matching work flows is ensuring that, after applying updates to previous models, the resulting history-matched models remain consistent geologically.
Souped-Up Search Engines Wrangle Drilling, Completions Data
Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
Two-Wellhead SAGD Scheme Increases Efficiency of Heavy-Oil Development
This paper shares experience gained in the Ashalchinskoye heavy-oil field with a two-wellhead SAGD modification. As a result of a pilot for this technology in Russia, the accumulated production of three pairs of these wells is greater than 200,000 tons.
Noble Energy, Shell to Explore Colombian Caribbean Sea
Noble’s farm-in to blocks recently awarded to Shell marks the Houston-based independent’s entry into Colombia, where the government hopes to boost offshore exploration.
What Does the New Silk Road Mean For Oil and Gas?
Executives from two of Asia’s largest national oil companies declared China’s Belt and Road Initiative project a driving force behind their shifting priorities to diversify the world’s energy mix.
UK Releases 130 Terabytes of Oil and Gas Data
Data from the UK Oil and Gas Authority’s new data repository cover 12,500 offshore wellbores, 5,000 seismic surveys, and 3,000 pipelines.
PTTEP to Buy Murphy Oil’s Malaysian Business for $2.1 Billion
Thailand’s PTTEP is doubling down on Malaysian oil and gas in an effort to broaden its reach in its native Southeast Asia.
Global Oilfield Services Market Won’t Recover Until 2025
The financial effects of the downturn are set to last at least a decade—which puts the industry almost at the halfway point. This is according to a new report that says the FPSO market is the most “unscathed” of all the service segments.
Shell Dominates US Gulf Lease Sale
The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction.
Shale Pioneer: Hard Ceiling On Production Growth Coming
The complicated parent-child relationship in US shale fields is emerging as a turning point in the US shale revolution. One of the first executives to exploit tight oil says the issue will reverse the sector’s cumulative growth rate by 2025.
Is the Cloud Mature Enough for High-Performance Computing?
Data volumes are growing at an exponential rate. How can high-performance computing solutions help operators manage these volumes? Will faster, stronger processors and cloud computing solutions be the answer?
Shale CEO on Parent-Child Challenge, Well Declines: We Know
Encana CEO Doug Suttles assures that shale executives are acutely aware of the parent-child well challenge, and he doesn’t think it’s “a big threat” to the sector.
Imaging Fracturing’s Unexpected Changes
Pictures shot in fractured wells show how a high-pressure slurry of water and sand carves up the perforations.
Change in Energy Sector is So Extreme Oil Companies May Need to Share Data
Oil companies generate an enormous amount of data but are reluctant to share it. But more sharing of information may be required in the future to keep up with a rapidly changing energy landscape.
ExxonMobil, Chevron Target Nearly 2 Million BOE/D in Permian Production
The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations.
4D Seismic Pilot Successfully Interprets Carbonate Reservoir
This paper describes interpretation results of a 4D seismic-monitoring program in a challenging Middle East carbonate reservoir.
4D Seismic With Reservoir Simulation Improves Reservoir Forecasting
This paper outlines the value of 4D for reducing uncertainty in the range of history-matched models and improving the production forecast.
Of the many steps in the journey toward maximizing run life, the first steps should be to identify the system requirements and communicate those to the vendor. This can be challenging, because operators and suppliers often speak different languages. Fortunately, international standards can help.
The Challenge of Public Perception
Are you annoyed by all the wrong things passing for facts about oil and gas? A lot of petroleum engineers are. As for what to do to solve the problem, that gets complicated, and likely will require studying psychology.
Continuous-Circulation Technique Drills Narrow-Margin Deepwater Wells
This paper describes the drilling of high-pressure/high-temperature (HP/HT) deepwater wells through an ultranarrow pore-pressure fracture gradient (PPFG) window by means of technology application and strict procedural control.
Gas Lift Operations Require Accurate Predictions of Downhole Annulus Pressure
Downhole annulus pressure is required for any gas lift design. This paper presents several methods of determining annulus pressure at depth and helps determine which method is most appropriate for specific conditions.
High Pressure/High Temperature
We must concentrate our paper selection on technology and operating methods that make HP/HT drilling operations faster, safer, and more cost-efficient. If above-threshold drilling costs shelve a project, the project will not fly. And without projects, HP/HT know-how and equipment quickly disappears.
How the Oil and Gas Industry Is Contributing to Sustainability
In September 2015, the United Nations adopted 17 Sustainable Development Goals, addressing the global challenges facing humanity, including poverty, inequality, health, education, energy, climate, the environment, and prosperity.
How Oil Innovation Has Benefited Other Industries
Technology transfer in the oil business is too often discussed from a lens of bringing in outside innovations. But what happens when innovation escapes the industry’s orbit and finds a new home?
Machine-Learning Approach Identifies Wolfcamp Reservoirs
This paper discusses a project with the objective of leveraging prestack and poststack seismic data in order to reconstruct 3D images of thin, discontinuous, oil-filled packstone pay facies of the Upper and Lower Wolfcamp formation.
Machine Learning Improves Accuracy of Virtual Flowmetering and Back-Allocation
In this study, the authors investigated a fully data-driven approach using artificial neural networks (ANNs) for real-time virtual flowmetering and back-allocation in production wells.
Managed-Pressure Drilling Solves HP/HT Challenges Offshore Vietnam
This paper discusses how managed-pressure-drilling (MPD) technology led to cost savings in two wells drilled in the Hai Thach gas field offshore southern Vietnam.
Managed-Pressure Drilling Used Successfully for Offshore HP/HT Exploration Wells
This paper discusses the successful application of managed-pressure drilling (MPD) in the basin with reduction in risks and well costs.
One Industry of Global Citizens
An assortment of sustainability initiatives shows how the oil and gas industry, leveraging its reach, diversity, and resources, is going well beyond just supplying energy to impact the world for the better.
Permanent Fiber-Optic System Monitors Oil-Rim Movement
In this paper, the authors describe a project to design, field trial, and qualify an alternative solution for real-time monitoring of the oil rim in carbonate reservoirs that overcomes these disadvantages.
This industry is one often considered reactive and overly tradition-bound. These new technologies, however—and, more importantly, the drive of these researchers to harness their capabilities—prove that petroleum engineers remain at the forefront of innovation and discovery.
Last year saw continued contraction in the seismic data-acquisition industry. With this drop in acquisition business, fewer seismic data-acquisition papers were published. Nevertheless, three very good SPE papers covering important acquisition and processing topics are featured here.
Study Evaluates Ability of Tailpipe Systems To Optimize Artificial Lift in Horizontal Wells
The performance of artificial-lift systems on horizontal wells is greatly influenced by both the volume of gas produced and the tendency for gas slugging.
Surface-to-Borehole Electromagnetics Hold Promise for 3D Waterflood Monitoring
The authors detail the development of a technique based on surface-to-borehole controlled-source electromagnetics (CSEM), which exploits the large contrast in resistivity between injected water and oil to derive 3D resistivity distributions, proportional to saturations, in the reservoir.
Through-Tubing-Conveyed ESP Technology Overcomes North Slope Challenges
Electrical-submersible-pump (ESP) technology is a proven artificial-lift method for shallow, low-pressure reservoirs such as those found in the West Sak viscous oil field in Alaska.
What Lies Ahead for Hydrocarbons in the Global Energy Mix?
The energy transition is underway, and the push to reduce carbon emissions will be at the forefront of industry discussion in the coming years. What role will oil and gas play in the changing landscape? How diversified can our fuel mix be while still meeting growing energy demand?
ExxonMobil Makes Huge Gas Discovery Offshore Cyprus
The discovery is world’s third-largest natural gas discovery in the past 2 years.
Shale Executives Address Investor Concerns Over Production, Frac Hits, Up-Spacing
The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it.
Keeping Up with the Older Generation Proves Costly and Futile in the Permian
Another reminder that it costs more to coax the same amount of oil from new wells as for older wells nearby, with a closer look at the big plays and how the wells are completed.
Noble Energy Touts Output Gains, Potential From “Row Development” Concept
Noble’s first row of wells in its massive Mustang project is helping increase the operator’s DJ Basin output, and similar results are soon expected in the Delaware Basin.
Israel Hopes to Build on Success of First Bid Round
The second round will offer 19 offshore blocks clustered in five zones to continue natural gas development in the eastern Mediterranean’s Levant Basin.
Permian Basin Production Will Grow as Long as Well Productivity Allows It
Production growth in the Permian Basin requires drill rigs running at a high pace. That is challenging companies to push well productivity.
Devon Pulls Up Its Roots, Goes All In on US Oil
Devon Energy will be getting simpler and smaller by selling two no-growth assets—gas acreage in the Barnett Shale in Texas and oil sand operations in Canada. Its future is staked on growing oil production in the Permian’s Delaware Basin and three other unconventional oil plays.
Equinor, Transocean Ink Deal for Five Automated Rigs
The contract is helping to solidify Europe’s offshore sector as the focal point for the rise of automated drilling technology.
In 2040, Will There Be Jobs for Petroleum Engineers?
BP’s latest annual energy outlook considers many scenarios for the future, and they all require engineers to find a lot more oil to meet high demand.
Chesapeake Teams With Analytics Firm To Improve Asset Performance
The Oklahoma City independent has a new-look portfolio and new operational and financial priorities. And now it has enlisted an energy research firm to leverage advanced analytics and machine learning to help get the most out of its assets.
EIA Adds New Plays to Shale Gas, Tight Oil Reports
The agency updated its methodology and production volume estimates to factor increasing production from new, emerging plays as well as older plays that have rebounded thanks to drilling advancements.
The Eagle Ford Still Looks Good to Operators
The Eagle Ford Shale has reclaimed its standing as one of the most attractive US onshore liquids basins, and for good reason. Does this mean more operators will seek to buy in to the play, and could further consolidation take hold following last year’s big deals?
UK Shale Flow Test Positive, But No Regulatory Relief in Sight
UK’s first horizontal shale well has yielded positive results after an initial flow test. But further testing—and fracturing of a second well—will have to come amid a continuation of UK’s stringent regulations on induced seismicity.
To Solve Frac Hits, Unconventional Engineering Must Revolve Around Them
The struggle to overcome the challenge of frac hits has led to a critical dialogue about which pathway the shale sector should take. One idea is to simply put the problem at the center of every major decision.
Imaging Shows What is at Fault in Fracturing Job
Electromagnetic images can show where water flows during a hydraulic fracture. A test in the Anadarko Basin showed a fault there was a bigger hazard than expected.
What Happened to all the E&P Deal-Making?
One of last year’s big stories in the industry was consolidation among several of the larger upstream operators. But deal activity has fallen off in recent months. Will things remain this quiet during the somewhat uncertain year ahead?
US Shale To Drill And Complete 20,000 Wells This Year
A new report expects US producers to drill their highest number of wells since 2014, and that completion activity may exceed drilling for the first time since 2016.
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