The subsalt Miocene project is another sign of how operators are relying on subsea tiebacks to reduce both costs and startup times.
Pre-downturn sanctioned projects are expected to grow offshore production next year, but the cancellation of pre-FID projects could create a ‘supply crunch’ later, report says.
Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.
Industry groups call the rules an ‘unfortunate turn’ and say the regulations include ‘unnecessary requirements.’
There are signs the bottom is at hand, which is the first step in recovery.
All stages were successfully stimulated with acid, with clear pressure indications of packers setting, balls landing and sleeves shifting, the release said.
WPX Energy, which entered the Permian Basin in 2015 with its $2.3 billion-plus acquisition of RKI Exploration, is bullish on the sub-basin. The company is among those focusing on the the Upper and Lower Wolfcamp A, both of which are proven productive.
The sub-basin was heralded during the DUG Permian Basin conference as one of the industry’s bright spots as companies continued to cope with the cyclical ups and downs of life in the oil patch.
Meanwhile, a blanket of homogeneity overlies Appalachia completion techniques. The only exception regionally involves some of the hotter, deeper Utica wells, according to Hart Energy's Heard In The Field report.
Panelists at Hart Energy's DUG Permian conference said sand, spacing and slickwater have played key roles in the multistage fracturing process that contributed to the Permian Basin becoming today’s largest oil-producing region in the U.S.
Canadian drillers added more than a dozen rigs this week, helping to push the North American rig count up by 21 to end the week at 542, according to the latest report from Baker Hughes Inc. (NYSE: BHI). The oil and gas rig counts in Canada each grew by seven to 44 and 50, respectively.
The latest report from Baker Hughes Inc. shows the North American rig count jumped by 14 this week.
VAALCO Energy, Inc. announced that it has executed an agreement with Transocean Ltd. regarding the remaining contract term associated with the Constellation II rig.
The North American rig count ended the week at 507, up 10 from the previous week but down from the 1,001 rigs that were operating a year ago.
At DUG East, a pair of Marcellus/Utica operators pointed to well pad innovation and drilling efficiency as keys to their success in the region.
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.
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.
Polymer Services focuses on field application of polymer gel treatments for enhanced or improved oil recovery using equipment to blend, apply and monitor the treatments in the field, a news release said.
The oil industry’s demand for energy is growing rapidly, and solar can supply much of that power, GlassPoint Solar CEO Rod MacGregor said.
The production enables Marathon Oil to convert about 130 million barrels of oil equivalent of proved undeveloped reserves, which more than doubles the company’s remaining proved developed reserve base in Equatorial Guinea, the company said in a news release.
FPSO Cidade de Saquarema is capable of processing 150,000 barrels of oil and compressing up to 6 million cubic meters of gas per day. The vessel is anchored at a water depth of 2,120 meters, the release said.
The final investment decision for the Tengiz expansion is the latest of several projects in recent weeks to receive financial commitments.
The start of the complex work, which has been planned for 10 years, has been delayed to next year after it took longer than expected to equip the specialist vessel which will transport the 25,000-tonne topside of the platform to Hartlepool harbor where it will be taken apart.
South Atlantic Holding, which is owned by Statoil and Sinochem, has selected Wood Group to provide detailed engineering and design, and procurement services for development of the Peregrino Field wellhead platform C offshore Brazil, a news release said.