Marine link
 

Oil Reservoir

i-TEC Launches Revolutionary Well Technology

I_TEC.jpg

Stimulation of offshore well achieved in 1.5 days, in contrast to the normal 40-50 days.   Well technology company i-TEC has developed a unique, new lower completion ball drop sleeve system which can radically reduce the time it takes to stimulate a well. The i-Frac system allows operators to bring wells in tight formations on line much more quickly than other methods, resulting in potentially huge cost savings and earlier production revenues. The system recently reduced stimulation of a North Sea well on the Norwegian Continental Shelf to only one and a half days, as compared to the normal of 40-50 days. It allows for more than 20 sleeves per stage to be installed in a cemented liner and opened sequentially with a single ball. A number of stages can be run in a single well.   The recent installation was in early paleocene and late cretaceous, carbonate formations in the Norwegian sector of the North Sea. The technology also has huge potential for global shale oil and gas plays, particularly in the United States, where in some tight shale fields it could allow an operator to fracture twice as many wells in a year compared to traditional methods. The recovery of oil and gas in limestone and tight shale formations is accomplished by drilling horizontal wells to increase the well-reservoir contact. Each well is divided into zones which are individually opened to carry out a controlled and efficient stimulation of the formation rock.  


SHI Secures Order For FPSO

SHI received an order for a floating production storage and offloading (FPSO) facility worth US$140 million from Husky Oil Operations Ltd. of Canada on the 31st. As a competitive solution for the development of offshore oil and gas resources capable of the production, storage and offloading of crude oil and gas, an FPSO is a special facility suitable for the development of a medium size deep-sea oil and gas field due to its mobility


Oil Search and Halliburton Renew Contract

Oil Search Limited and Halliburton have signed an agreement to renew an alliance that was originally formed in 2004. The multimillion-dollar contract covers three years, with the option for two additional years. The agreement calls for Halliburton to provide a full range of subsurface services, including drilling and formation evaluation, slickline, fluids, cementing services and production enhancement in Papua New Guinea where Oil Search is the industry leader in oil and gas exploration and


Petrobras Hits in Deepwater GOM

Petrobras announced the discovery of oil and gas in ultra-deep waters in the Central Gulf of Mexico, in the U.S., via its Petrobras America Inc. subsidiary, based in Houston, Texas. The discovery was made via the Stones # 3 well, drilled to perform the exploratory assessment of the Stones discovery, which is operated by Shell and located in Block WR 508, in ultra-deep Walker Ridge Quadrant waters. Petrobras America Inc. holds a 25% stake there


Statfjord Celebrates 30 Years on Stream

Photo courtesy Statoil

Thirty years after the Statfjord field started production, one of the largest oil fields in the North Sea has now become a gas field. “On 24 November 1979 we brought one of the North Sea’s largest oil fields on stream,” said Øystein Michelsen, executive vice president for Statoil’s Exploration & Production Norway business area. “Today we operate a field where 65% of the total output is gas. A whole new era in Statfjord’s history has begun


Maersk Taking $1.7b Charge on Brazil Assets

Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country. The write-off affects two exploration areas, Itaipu and Wahoo, which failed to deliver on oil volume expectations, and the Polvo field


New Technology from Camcon

Camcon Technology unveiled a new technology application designed to increase the volume of oil that can be recovered from the world's reservoirs as well as reduce operating costs. Developed specifically for the oil and gas industry, the Camcon Intelligent Gas Lift configuration is part of Camcon binary actuator Technology (BAT). The application aims to enhance the recovery of oil from reservoirs by introducing gas injection management capabilities to improve extraction flow


Another discovery in the Gullfaks area

This is the fourth infrastructure-near discovery in the Gullfaks area in a 10 month period.

Statoil’s drilling of the Skinfaks South well in the North Sea has been completed and the estimated volume is between 1.9 and 6.9 million barrels of oil equivalents. This is the fourth infrastructure-near discovery in the Gullfaks area in a 10 month period.   Light oil has been confirmed in Middle Jurassic reservoir rocks (Brent group) and a 80 metre high column in good-quality reservoir rocks. "We are currently evaluating how this discovery can be connected to the existing


RWE Dea Norge completes Titan Appraisal Well

RWE Dea Norge AS, operator of production licence (PL)420

  RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa Field in the North Sea. (RWE Dea Norge is operator in production licence (PL)420.)  The purpose of the well was to delineate the Titan discovery towards the south and to reduce the uncertainties in reservoir thicknesses and reservoir properties


YPF Makes Gas Discovery In Western Argentina

  Argentina state oil producer YPF said on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement. There was also "important potential" for oil, it added. Tight gas is a type of hydrocarbon found in reservoirs formed by rocks of low permeability.


BP's New Core Flood Robot EOR Techniques

World’s first Core Flood Robot for EOR

BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and


GE Opens Global R&D Center in Brazil

GEs New office

  *  Working with Petrobras and BG Group to develop advanced technologies for oil and gas processing on the seabed *  GE’s Brazil Technology Center to focus on subsea oil and gas research, capitalizing on $1.2 trillion offshore market opportunity


Spudding of Gierałtowice Well

Photo: San Leon Energy

  San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it has spudded the Gierałtowice well, which is the second well being drilled in the Karpaty area in Poland. The Gierałtowice prospect is on the Bielsko-Biała concession


Zargon Oil & Gas Confirms Cash Dividend

Image

Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated


Lundin Spuds Storm Wildcat

Drilling operations, North Sea

Lundin Petroleum spuds exploration well 33/2-1 in PL555 on the Storm Prospect in the Northern North Sea Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced


Petrobras Signs LoI for Libra FPSO

The extension of the Libra reservoir (blue) compared to Rio de Janeiro

  Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production, storage and offloading) designed for the extended well test campaign of Libra, in the Santos Basin pre-salt deposits


Statoil: New Oil in the Grane Area

(Image: Statoil)

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation


Discovery in Deepwater Basin of Espirito Santo

Deepwater Basin of Espirito Santo

  Petrobras announces the discovery of an accumulation of hydrocarbons in deep water, in the post-salt of the Espírito Santo Basin, through the drilling of well 4-BRSA-1265-ESS (nomenclature ANP) / 4-GLF-42-ESS ( Petrobras nomenclature), informally known as Lontra


Statoil: Subsea Wet Gas Compressor Coming to Gullfaks

The compressor has been mechanically completed and trial fitted by Radøy Gruppen on Radøy, and is now ready for final system integration tests at One Subsea Horsøy. (Photo: Statoil)

The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy outside Bergen before being prepared for installation and hook-up to Gullfaks C in 2015. By adding 22 million extra barrels of oil equivalent from the Gullfaks South Brent reservoir the


Chevron Sanctions Stampede Project

Project map

  Chevron Corporation announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico


First Libra Offshore Oil Well Confirms Discovery

Petrobras sign

  Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality oil in the northwestern part of the structure . Well, informally known as NW1, is located in the pre-salt Santos Basin


Statoil Invests $1.5b in US Offshore Project

U.S. Gulf of Mexico

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.5 billion in the Stampede development, which is expected to begin production in 2018


Petrobras & PPSA Sign PIA for Campos Basin

The development of Tartaruga Mestiça will be combined with development of the Tartaruga Verde field

  Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production of oil and natural gas


Statoil: Barents Sea Exploration Completed

the Barents sea map. (Photo: courtesy Statoil)

Statoil has completed the extensive 2013-2014 exploration programme in the Barents Sea. This represents an all-time high exploration activity and 10% of all exploration wells drilled in the Barents Sea since its opening in 1980. “This is a unique exploration programme


Cairn Makes Second Senegal Find

Senegal Map

  Cairn has made a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of ~3






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright