TOPICS OF INTEREST
PRODUCTION AND WELL OPERATIONS
Equinor Invests in Two Gas-Focused Tech Startups
Venture groups spend their time evaluating hundreds of companies each year to only make a handful of investments. These two cover interesting ends of the upstream spectrum: aerial drones and downhole artificial lift.
BP Launches Caspian’s First Subsea Development
The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.
Is the Permian Barreling Toward a Breaking Point?
Permian oil output is growing fast, pipeline capacity is full with little relief in sight, truck drivers are in short supply, and the value of basin-produced crude is sinking. Is a drop off in activity—including drilling and production—becoming inevitable?
Oil at $70 Provides Little Comfort Offshore
Sustainable cost reductions through innovation and standardization will have more of a positive effect on the offshore sector than cyclical oil-price increases, an OTC panel of industry participants agreed.
Pioneer Unveils Strategy To Boost Permian Production, Control Costs
As it works to increase production to 1 million BOE/D, Permian mainstay Pioneer is taking a methodical approach to sustaining capital efficiency.
Colorado Operators Reaping Rewards From Sticking by ‘Predictable’ DJ-Niobrara
Colorado’s industry lacks the size, variety, and Wild West characteristics of Texas, but that is precisely why the Centennial State’s oil production is surging to record levels.
Another Big Gas Field Starts Production Offshore Egypt
More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project.
There are two ongoing trends in the industry. The first is an increasing wave of digitization. Second, piggybacking on the increased access to sensor and equipment data, analytics and artificial intelligence are on an exponential rise in the industry.
ExxonMobil Plans to Triple Permian Output
The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.
Production and Facilities
The overarching theme of work published during the past year relating to production and facilities is performance and productivity improvement—doing more with less at a lower cost.
Perforation and Flowback Highlights From the Gorgon Field, Offshore Australia
This paper contrasts the detailed perforating and flowback plan with the results of the operation where a number of planned, and some unplanned, contingencies were faced.
Hybrid Microseismic and Microdeformation Monitoring of a Coal-Seam-Gas Well
A hybrid downhole microseismic and microdeformation array was deployed to monitor fracture stimulation of a vertical coal-seam-gas (CSG) exploration well in the Gloucester Basin in New South Wales, Australia, to provide more-accurate insight into overall fracture height.
New SCADA Systems Help Operators Fulfill Potential of the Digital Oil Field
Supervisory control and data acquisition systems no longer simply monitor operations and produce large volumes of data in static displays, but now collect production data from all operation data sources and contextualize and present them to workers in real time as meaningful, actionable information.
Clouds are Forming Around the Upstream Sector, and That’s a Good Thing
No longer considered a buzz phrase, cloud computing has made converts of the largest oil companies, and now the smaller ones are next.
US Crude Oil and Petroleum Products Exports Doubled Over Past 6 Years
The US Energy Information Agency reports that the country is seeing petroleum exports rise across the board and notes serveral drivers for this trend.
With Over 200 Shale Well Installs, This Slug-Smoothing Lift Technology Is Boosted By Schlumberger JV
Slug flow has made the life of an unconventional production engineer a bit complicated, but a new downhole technology may smooth things right out by solving some big artificial lift problems for the shale sector.
Permian Production Boom to Continue, Says Laredo CEO
Industry efficiency gains in the Permian Basin are “very pivotal and we’re not done. We’re still making improvements,” says Laredo Petroleum’s Randy Foutch.
Fiber-Optic Leak-Detection Project
This paper discusses the objectives of the Fiber-Optic Leak-Detection (FOLD) project, carried out in Verneuil-en-Halatte, France.
Industry trends in production monitoring and surveillance continue to demonstrate significant input from the academic and research fields, practical applications, and new-technology introduction. Market conditions similar to those of the previous year are driving some of the same discussions.
Initial Impressions of Wells May Be Misleading
A new study questions whether the most widely reported production data is the best indicator of future output.
Prediction of Critical Gas Velocity of Liquid Unloading for Entire Well Deviation
Liquid loading is a common production problem in mature gas wells. Correct prediction of the critical gas velocity at which the well starts to load is very important for taking action to prevent premature loss of production.
Software That Learns To Predict Trouble in Machines
Veros Systems is selling simplicity. The electric machine monitoring company promises accurate warnings of problems long before they occur, with a minimum of monitoring equipment to install.
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01 August 2018
31 July 2018
07 August 2018