TOPICS OF INTEREST
Petrobras, Murphy Oil Form 75,000-BOE/D US Gulf Partnership
The new venture will operate several deepwater assets—including the Cascade, Chinook, Medusa, and Thunder Hawk fields.
Total's Deepwater Output To Hit 500,000 BOE/D by 2020
Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production.
BHP Affirms Devotion to Oil and Gas Despite US Shale Exit
BHP Billiton lost billions during its foray into US shale, but that doesn’t mean it has soured on oil and gas—particularly when it comes to deepwater development.
Production From ‘Supergiant’ Zohr Field Off Egypt Hits 2 Bcf/D
The benchmark comes as operator Eni solidifies concession agreements and ramps up exploration and development in the North African country.
BP and Baker Hughes Go Live with Big Analytics on All Gulf of Mexico Platforms
What do 60,000 sensors on 1,200 pieces of equipment add up to? Hopefully, hundreds of millions of dollars in savings.
Optimizing the Deepwater Completion Process Offshore Israel
This paper describes the successful delivery of one ultrahigh-rate gas well (more than 250 MMscf/D) completed in a significant gas field offshore Israel with 7-in. production tubing and an openhole gravel pack (OHGP).
ExxonMobil, Guyana “Hit the Jackpot”
ExxonMobil’s ninth discovery offshore Guyana solidifies the area as a premium offshore basin.
Shell, Bluware Team up on Seismic With Video Game Tech
Video games have been seen as a big waste of time for years by parents around the globe. But now, the oil and gas industry sees the underlying technology as a big time saver.
Bids, Dollars Rise in Third Regionwide US Gulf of Mexico Lease Sale
ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
Eni Gets Development Approval for Area 1 Offshore Mexico
The Italian firm is slated to become the first international operator to produce oil from Mexican waters since energy reform took hold. The launch of early production from Area 1 is expected in first-half 2019.
Big Leaps Still to Come in Unconventional Technology
Today’s advancements in unconventional technology are worth marveling over, but there is still plenty of room for growth.
Norwegian Exploration and Development Pick Up, but More Is Needed
Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.
UK’s Latest Licensing Round Aims for Offshore Frontiers
Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.
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.
ExxonMobil’s Eighth Discovery off Guyana Adds Another Development Possibility
Already poised to produce more than 500,000 B/D offshore Guyana, ExxonMobil added yet another discovery to its bounty in the emerging regional oil powerhouse, meaning a fourth development phase could be in order.
Equinor’s Offshore Bonanza Continues
Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.
Equinor, ExxonMobil Rack up More Brazilian Presalt Acreage
Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.
Shaking up the Seismic Business with a Simple Idea
Understanding the behavior of subsea reservoirs traditionally takes months and millions of dollars. A new company says it can do this with a very targeted way in less than a week, for only thousands of dollars.
Shell Makes Large Discovery Near Appomattox in Gulf of Mexico
Shell made its sixth discovery from the Norphlet formation in the deepwater Gulf of Mexico, where the firm’s newly arrived Appomattox platform just 13 miles away presents a tieback opportunity.
North Sea Acreage Awarded to 61 Firms in UK Licensing Round
UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.
Marriage of Ideas Could Allow More Deepwater Gas to Shore
When two engineers lost their jobs during the industry downturn, they used the misfortune as an opportunity to develop an innovative concept that aims to make it a lot easier to move subsea gas long distances.
Total Prepares Exit from Big Iran Project as US Sanctions Renewed
The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.
Making Money in Brazilian Oil Demands Patience, Persistence, and Problem Solving
Brazil’s large offshore discoveries and domestic demand for oil and gas are a combination that holds potential for explorers to make money on high-priced blocks. A series of offshore auctions offering more attractive properties at more reasonable terms have attracted aggressive bidding.
Developing an Influx-Management Envelope for a Deepwater MPD Operation
The influx-management-envelope (IME) concept is an advanced, innovative way to assess influx conditions in managed-pressure-drilling (MPD) operations, offering an improved tool for the decision-making process.
Hybrid Solution to the Grand Challenge of Developing Deepwater Stranded Gas
While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years.
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.
OTC Panel Proud of the Past, Optimistic About the Future
The 50th edition of the Offshore Technology Conference kicked off with a distinguished panel representing operators and service companies evaluating the contributions of the past half century.
International Majors Expand Footprints in Brazil, Mexico
With presidential elections looming and energy reforms at a critical juncture, the two Latin American energy powers awarded a bevy of blocks to a who’s who of international oil companies.
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.
ExxonMobil Exits Russian Ventures, Continues Success off Guyana
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
Companies, Individuals Take Honors at OTC Asia
The third edition of the OTC Asia conference recognized several companies and individuals for technological achievements.
OTC Names Best New Offshore Technologies
The Offshore Technology Conference has announced the winners of the 2018 Spotlight on New Technology Award, recognizing excellence in offshore E&P.
First Person: Oilfield Success of “Millennials” in the 1970s Might Offer Encouragement Today
The success of an upstream startup in the 1970s might offer lessons for those entering the oil and gas industry today.
Eni Enters Abu Dhabi Amid Another Zohr Farm Down off Egypt
Partnerships are proving key in developing and sustaining big offshore projects internationally, with Eni now teaming with ADNOC off Abu Dhabi and farming out another stake in the Zohr gas field off Egypt.
Advances in 4D Seismic and Geophysical Monitoring of Deepwater Fields
Integrated surveillance is critical for understanding reservoir dynamics and improving field management. A key component of the surveillance is areal monitoring of subsurface changes by use of time-lapse geophysical surveys such as 4D seismic.
Operators Utilize Early, Strategic Planning for Successful Decommissioning
Many operators are taking a full-life-cycle approach to preparing for decommissioning—a shift borne of necessity amid cost and regulatory constraints.
North Sea Discoveries Highlight Rebound in the Slumbering Sea
BP announced two North Sea discoveries, adding to signs of a revival in play that was looking old, tired, and overpriced a couple years ago.
Shell Dominates Mexico’s ‘Very Successful’ Second Deepwater Auction
Mexico’s Round 2.4 deepwater auction surpassed expectations as 19 of 29 blocks were awarded to 11 firms from 10 countries.
Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico
The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.
Prestigious Offshore Achievement Finalists Named
SPE’s Aberdeen section has chosen the finalists for this year’s Offshore Achievement Awards, which will take place 22 March at the Aberdeen Exhibition and Conference Centre.
Shell’s Penguins Redevelopment a Step Forward in North Sea Revival
The long-term decommissioning of the historic Brent field has necessitated redevelopment of the younger Penguins field in the North Sea, where the UK hopes to see more revival projects in the coming years.
US Offers Offshore Deals But Can It Compete?
The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again.
Big Discoveries Prompt US Agencies to Lift Recoverable Resource Estimates in Alaska
Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska.
SPE Technical Directors’ Outlook an Obsession With Value and Cost
Technical Directors have a range of things to work on for 2018 that add value at a time when resources are scare.
Oil Discoveries Fall to Lowest Level in 70 Years
Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades.
‘Supergiant’ Zohr Gas Field Offshore Egypt Comes On Stream
Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.
Statoil Plans Leaner, $6-Billion Arctic Project
Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
Talos’ Niche Strategy Notches Bigtime Bounty
Finding niches that provide a competitive edge over larger operators has enabled Talos Energy to leapfrog into a powerful position with Mexico’s first offshore wildcat discovery.
Further Technological Advancement, Standardization Needed To Maintain Subsea Viability
Obstacles remain to keeping offshore development competitive with its onshore counterpart. Can the industry advance technology at a pace where the subsea segment will see a resurgence?
BP and Shell Agree: A New Energy Future Is Coming
The world still needs oil and gas, but it is also making room for renewable energy which will change how upstream companies do business.
Deep High-Pressure Completions: A Case History Offshore Gulf of Mexico
A Gulf of Mexico case history is presented describing the successful delivery of two deep high-pressure high-rate-designed oil wells in an ultradeepwater environment.
Transocean Makes Latest Move Toward Offshore Consolidation
This new deal marks the second major acquisition of an offshore drilling company since the onset of the industry downturn.
Amid Downturn, Noble Invites Wider Industry Partners To Use Drilling Training Center
While the slowdown offshore persists, this 96-year-old drilling outfit says that sharing its high-tech simulators with more of its clients will strengthen the business.
Growing Range of Renewable Opportunities for Offshore Oil and Gas
The top US wind power official told the offshore upstream sector that it can help build “smaller, leaner, and cheaper" wind turbine farms.
Joint Venture Hits Historic Mexico Oil Discovery
A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
Lebanon Eager To Award First Offshore Contracts, Become Gas Exporter
Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.
It’s Official: GE, Baker Hughes Complete Merger
The merger of industrial giant GE and oilfield services firm Baker Hughes closed on 3 July, creating the second-largest oil field services firm in the world.
First Oil From Kraken: Offshore Project To Increase UK Production by 15%
30 years after being discovered in the North Sea, this heavy-oilfield is now flowing.
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.
Round Two in Mexico: 10 More Offshore Fields Awarded
The upstream sector for Mexico’s offshore oil and gas fields continues to diversify after its most recent tender.
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.
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09 October 2018
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11 October 2018