TOPICS OF INTEREST
What Does It Mean When Your Technology Is an MVP?
For startups in the upstream sector, knowing how to navigate through a technology's Minimum Viable Product stage is critical, but not always straight forward.
Reinvention, New Realities Central Theme of Offshore Europe 2017
Petrobras, Wood Group, Shell, BP CEOs are among the industry leaders scheduled to speak at SPE Offshore Europe 2017 in Aberdeen.
First Offshore Drilling Merger: Ensco Buys Atwood Oceanics
The offshore drilling sector has taken a step towards consolidating an oversupplied market and Ensco will emerge from this most recent deal as the owner of the largest combined fleet of floaters and jackups.
Want To Make Deepwater More Profitable? Shell Says Listen to the Facility Staff
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.
OTC: Private Equity Firms Have Billions But Remain Cautious
While the current oil prices may not generate the cash flow needed to pay for offshore projects using traditional financial options, private equity may be the best alternative for operators.
OTC: To Compete With Shale, Deepwater Must Think Like Shale
The quick turnaround times and low-risk nature of shale developments need to be replicated in the deepwater business, according to the CEO of Murphy Oil.
OTC: Moho Nord Startup Marks Milestone for Congo
Innovations characterize the deepwater Moho Nord field development, recently brought on stream by Total in the Republic of Congo, and the project creates significant value for the country.
Deepwater Hydraulic Well Intervention: A Creative Hybrid Solution
This technical paper describes the planning and execution of a multiservice-vessel (MSV) -based hydraulic-intervention campaign in Chevron’s Tahiti field in the US Gulf of Mexico.
Deepwater-Structure-Installation Challenges Offshore Australia
This paper provides an insight into the challenges encountered and overcome during installation of 20 subsea structures, some close to 1000 t in weight and in water depths of up to 1350 m, for the Gorgon project offshore Western Australia.
US Gulf of Mexico Hits Record Production
New figures show that the facilities working in the Gulf of Mexico achieved higher crude output in 2016 than at any other period.
Integrated Approach for Overpressure Prediction in an HP/HT Well Offshore Malaysia
Pore-pressure prediction plays an important role in well planning as exploration targets shift to deeper, overpressured reservoirs.
Shell CEO Ben van Beurden To Speak at SPE Offshore Europe 2017
Royal Dutch Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5–8 September.
Dynamic-Positioning Software Allows Improved Maneuverability for Marine Vessels
As the number of tankers on the open sea remains high, a new motion-prediction software aims to increase vessel safety.
Mexico Takes Another Step Toward Tapping Needed Resources
To meet its projected oil demand in 2040, Mexico must see about USD 30 billion/year in upstream investment. BHP Billiton’s contract signing with Pemex represents a step in the needed direction.
Shell: New Deepwater Project Can Break Even Below USD 40 Oil Price
The international major's low-cost development plan calls for a subsea tieback that will transport oil and gas through a single flowline to an existing floating production facility.
New is Better at the 2017 Offshore Technology Conference
In the midst of enormous change, OTC retains its status as a “must attend” technical conference for petroleum engineers and scientists working around the globe.
Single-Trip Subsea BOP Test Tool Saves Big Money
A new tool enables variable bore rams and shear rams to be tested in one run, cutting rig time significantly.
SPE Offshore Europe: BP CEO Bob Dudley to Lead Opening Plenary
CEO Bob Dudley, who calls BP’s UK North Sea business one of its “crown jewels”, will address hundreds of delegates at the opening plenary session at Europe’s foremost exploration and production technical conference and exhibition.
Mexico Awards Its First Deepwater Blocks; What Comes Next?
Mexico’s long awaited deepwater auction saw 8 out of 10 blocks awarded but there remains plenty of work to be done before activity ramps up, including finalizing regulatory rules, upgrading ports, and optimizing the bid rules for future auctions.
This month's feature on Offshore Facilities is drawn from more than 200 papers presented at SPE events over the past year.
A New Recommended Practice for Fit-for-Purpose Well Abandonment
DNV GL is introducing a new, risk-based recommended practice for performing and qualifying well abandonments titled DNVGL-RP-E103, Risk-Based Abandonment of Offshore Wells.
Total Wins Award for Project Integration
Total’s Laggan Tormore project claimed the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award at the 10th IPTC in Bangkok, Thailand.
Ranking the Offshore Oil-Producing Countries
The five top offshore producing nations produce 43% of all the oil offshore.
ATCE: Dubai Petroleum Completes Multistage, Offshore Tight Oil Well
Dubai Petroleum embarked on a new mission last year to drill and complete its first multistage, hydraulically fractured, and propped horizontal well from an offshore platform.
Making an E&P/Fisheries Management Plan Work in Ghana With Multiple Stakeholders
Ghana’s fishers and coastal communities have raised concerns over the effects of offshore oil exploration and production relating to the giant Jubilee field. This paper describes the process and results of the multistakeholder approach to solving marine-zone conflicts.
Offshore Development Slump Likely To Cause Long-Lasting Pain
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.
Run-Life Improvement by Implementation of Artificial-Lift-Systems Failure Classification
This paper describes a methodology for classification of artificial-lift-system (ALS) failures and addition of a commonly used root-cause failure classification.
Deepwater Future Tied to Technology Innovation
For deepwater development, panelists at OTC emphasized the need for scalable technology, the standardization and simplification of projects, patient capital investment in innovation, greater collaboration, and new perspectives coming from outside the industry.
Wind Could Be Pushing Offshore Oil Production
Wind power via floating turbines could be used to pump oil from remote offshore fields in the way windmills were once used to pump water from wells in arid West Texas.
Search for Flight MH 370 Shows Durability of AUVs
Autonomous underwater vehicles (AUVs) have demonstrated their capabilities during the search for Malaysian Airlines flight 370 in the Indian Ocean.
Really Remotely Controlled Underwater Vehicles
Operators for remotely operated vehicles will be getting more remote in the future as land-based control begins to become a reality.
Management: Energizing Worldwide Oil and Gas Deepwater Developments
A panel discussion at the 2016 OTC in Houston focused on the factors that influence deepwater developments, the scenario for the future, and the opportunities available within the industry. One key question asked was: What oil price is required to keep deepwater viable over the long term?
New Deepwater, High-Pressure GOM Tubular Maximizes Capability, Reduces Cost
A 2-year comprehensive effort to design, test, manufacture, and deploy a new high-pressure completion tubular for Chevron’s deepwater Gulf of Mexico (GOM) operations is presented.
Offshore Drilling and Completion
Many of us work in strong functional environments, where all too easily we can deploy solutions that have the potential for repercussions on other aspects of well design, construction, completion, and performance.
Onshore Support for Mexico’s Deepwater Blocks Lacking
The deepwater blocks Mexico plans to lease to international operators in December are among the deepest, most remote, and geologically challenging in the world. But the difficulties of developing these areas will start onshore, where adequate and secure port facilities are few and far between.
Three Offshore Blocks Awarded in Mexico’s Second Auction
Mexico’s second oil and gas lease auction has been deemed a success after three out of five shallow-water blocks were awarded in September. The awarded areas contain an estimated 236 million bbl of oil and 190 Bcf of gas.
20 June 2017
12 June 2017