Exclusives

Particle analysis and real-time tracking are just two of many areas where new technologies are driving innovation in proppant efficiency and well productivity.

NRG, Hilcorp, JX Nippon, oil, EOR, carbon capture

The captured CO2 is expected to grow oil production at a West Texas field by 5x its current amount over the next few years.

FPSO, Stratas, oil, outlook, Brazil, Petrobras

More FPSO units will be utilized between the years 2020 and 2023, with each year seeing about 10 more units working, forecast says.

fracturing, frac, Halliburton, Eclipse

One company’s ‘super-lateral’ approach is paying significant dividends.

Bakken, DUC, shale, well, drill, completions, production

Bakken E&P companies turn their sights on reducing drilled but uncompleted wells backlog.

Completion

The next generation of pressure pumping systems delivers a cleaner, quieter solution to hydraulically fractured wells.

Located in Zelienople, Pa., and servicing Pennsylvania, Ohio, and West Virginia, Cornerstone Completion Services (CCS) will provide thru tubing and fishing services to oil and gas exploration companies and gas storage and transmission companies.

Recovery might be closer, but batch completions still not keeping up with batch drilling.

EIA, DUC, well, drilled, well, uncompleted, oil, gas, Eagle Ford, Bakken, Marcellus, Wood Mackenzie

The latest data from the U.S. Energy Information Administration shows the number of drilled but uncompleted wells is falling.

When compared by vintage, both the Marcellus and the Utica have had improved overall EURs and IP rates since 2012.

Drilling

Drillers added four oil rigs in the week to Jan. 6, bringing the total count up to 529, the most since December 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Jan. 6.

A Statoil spokesman told Reuters the company is evaluating its work in the region and that no decision has been made on whether or not to continue drilling there as an operator. 

Statoil ASA (NYSE: STO) plans to drill about 30 exploration wells in 2017, an increase of about 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).

A good-quality reservoir was found in both wells, according to the operator, Royal Dutch Shell Plc (NYSE: RDS.A), in the press release.

Athens tendered 20 offshore blocks in 2015 in the Ionian Sea and south of the island of Crete for deepsea oil and gas drilling, and unsealed the offers in February, Reuters reported.

Enhanced Oil Recovery

bio-EOR, EOR, technology, methane, microbial,  Transworld Technologies, Karl Weber, Activ8

Operators have alternatives when it comes to EOR technology and one process appears less costly than others.

nanosheet, nanofluid, oil, EOR, University of Houston

Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.

Thermal production is expected to take longer to restart than mining output because of steaming and heating processes involved and because some thermal projects remain inaccessible due to fire, Reuters said.

EOG Resources, EOR, Eagle Ford, Austin Chalk, shale, oil, price, drilling, completions

As the company awaits market rebalancing, it is pursuing EOR technology and improving completion designs to enhance efficiency and production.

Real-time monitoring of CO2 in EOR applications is made possible with K-waves.

Field Development

Inpex in 2010 was forced to give up a stake in the Azadegan oil field due to Western sanctions on Iran over its nuclear program, Reuters reported.

The extension of the Azeri contracts adds to the flurry of deals BP signed in recent weeks, including buying stakes in gas exploration areas off the coast of Mauritania and Senegal, and renewing an onshore oil concession in Abu Dhabi.

Iran has in recent weeks signed agreements with other oil producers such as Russia’s Gazprom Neft and Thailand's PTT Exploration and Production Public Co. Ltd. for oilfield studies.

Libya’s National Oil Corp. (NOC) confirmed on Dec. 20 that pipelines leading from Sharara and El Feel fields had reopened, saying it hoped to add 270,000 barrels per day (bbl/d) to national production over the next three months.

Guyana, ExxonMobil, SBM Offshore, Liza, offshore, contract, FPSO

The news is encouraging for the FPSO sector, where activity has drastically slowed. Analyst says FPSO orders will increase in 2017.