Exclusives

Canada, oil sands, production, oil, IHS, Suncor Energy, Imperial Oil

Trailing only Saudi Arabia, Canada produces more oil than every other member of the Organization of Petroleum Exporting Countries.

EIA figures show production grew to about 584 Bcf in 2014 from about 475 Bcf in 2013.

The unconventional revolution is making a big impact, bringing benefits along with concerns. 

Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.

Enhanced completions are migrating to shale plays across parts of North America.

Completion

For the Netherlands, the EU's biggest gas producer, less gas could reduce national income by almost 2 billion euros ($2.1 billion), according to the Ministry of Economic Affairs, Bloomberg said.

Some companies have found ways to reduce freshwater use as areas with shale resources battle drought.

A drilling and completion activity forecast shows global frack capacity increasing by 16.2 MMhhp this year.

Drilling

As companies including OAO Gazprom, OAO Novatek and OAO Rosneft get new Siberian gas fields up and running, they’re also boosting output of ultralight condensate, Bloomberg said. 

The quarter ended March 31. RMP Energy used slickwater fracks recently, on five horizontal wells at the Waskahigan and Grizzly areas in the Montney Formation.

Oil firms have criticized South Africa’s government for delaying issuing exploration licenses, especially in the Karoo Basin, which could hold up to 390 Tcf of technically recoverable reserves, Reuters said.

Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.

Enhanced Oil Recovery

In the E&P segments, GE Oil & Gas will focus on three mega-trends in 2012: unconventional oil and gas development, enhanced oil recovery, and deepwater drilling.

Taking integration to the next level, model-based technologies aid in heavy oil production and maximize the potential of the digital oil field.

Horizontal drilling and hydraulic fracturing used in 30-year-old, waterflooded oil fields has boosted production per well from 25 to 300 barrels per day.

Field Development

ExxonMobil is co-venturer with Brazil's Petrobras and Italy's Eni in the Hadrian South, in the U.S. GoM's Keathey Canyon area. Hadrian South is ExxonMobil’s deepest subsea tieback.

Abundant unconventional resources support case for oil and gas exports.

Coalseam gas production is helping the country work toward meeting energy needs.

The company is targeting the methane-rich Raniganj (South) and Mannargudi blocks.