Two operators describe the basin as ‘world class.’
Creating a petrophysical model with a fairly limited data set leads to success in shale plays.
Drillinginfo CEO shares how ‘integration, automation and quantification pave a black gold road to the future.’
Other barriers also must be overcome to reach commercial production, analysts say.
San Leon Energy plans to drill a horizontal well that, if successful, could lead to commercial production.
Report estimates Scotland could have billions of barrels of shale oil.
Acoustic spy technology used by US submarines is being adapted for seismic use.
Geochemistry can be used to solve geological problems and give operators better ideas for where to explore.
Bid awards could be announced in July.
The company has bought a 40% interest in two UK shale gas licenses.
ANP praises the country’s potential during a presentation to investors.
Hopes are that commercial shale oil production will help meet the energy needs of the world’s largest LNG importer.
Chevron’s $28.5 billion upstream capital and exploratory budget for 2012 includes about $3 billion for exploration and $9 billion for LNG projects.
Statoil expanded its operations well beyond the Norwegian continental shelf to the Marcellus, Eagle Ford and Bakken shales in the U.S. as well as to hotspots offshore Tanzania and Brazil.