Part 2 will show a specific case study from Grand Bay and Main Pass 47 fields, including reprocessing of Saratoga’s proprietary 3D survey, cased-hole logging, and examples of specific prospects and well economics.
Greenland awards seven licenses in Baffin Bay
Greenland’s government has awarded seven oil and gas exploration licenses in Baffin Bay to seven international companies.
New USGS report confirms big Caspian stakes
The US Geological Survey recently released a new assessment of the undiscovered oil and gas resources of the Caspian Region that reconfirms existing estimates of the area’s strategic value as a source of energy, especially for Europe.
Drilling & Production
Price scenarios may alter gas-to-oil strategy for US unconventionals
Two plausible scenarios for gas price recovery may alter the current shift of North American unconventional gas companies, diverting capital investment into oil rather than gas development projects.
Downhole tests show benefits of distributed acoustic sensing
Recordings made during operations in tight gas wells indicate that fiber optic distributed acoustic sensing is a sensitive, robust, and cost-effective technology for real-time monitoring of well operations, including hydraulic fracturing
CLOSED-LOOP CIRCULATING-2: Manual pressure management enhances safety, efficiency
Manual pressure management in a closed-loop mud circulating system enhances safety and efficiency of drilling and completion operations.
Processing
EU REFINING-1: Needs to meet distillate demand, export gasoline squeeze refiners
On Nov. 17, 2010, the European Commission adopted a “Communication ‘Energy infrastructure priorities for 2020 and beyond-A Blueprint for an integrated European energy network.'”
DCS advanced control improves Chinese ethylene cracker operation
China Petroleum & Chemical Corp. (Sinopec) improved ethylene crackers operations, increased desirable olefin product yields, and reduced fuel consumption by implementing DCS-resident advanced control strategies at ethylene crackers in its five ethylene plants.
GUIDE TO WORLD CRUDES: Updated Cusiana assay reveals lighter crude oil
Based on a sample taken May 1, 2009, BP PLC published an updated assay of crude oil from Cusiana field in Colombia.
Nelson-farrar cost indexes
Nelson-Farrar Quarterly Costimating: Refinery fuel indexes since 2007 show unsteady track
Refinery fuels costs have endured an unsteady course since 2007.
Transportation
National lab uses OGJ data to develop cost equations
This article describes development of a methodology and equations by Pacific Northwest National Laboratory for conceptual capital cost estimating of onshore pipelines using Oil & Gas Journal data.
Approach allows for robust, flexible valve protection
A combination of simple ideas and application of standards from outside the oil and gas industry allowed fabrication and installation of structures robust enough to defend natural gas pipeline valves, but flexible enough to still allow for easy maintenance.
ASSET INTEGRITY-1: New model predicts internal corrosion likelihood
Defining the term “extremely unlikely internal corrosion threat” to be 20% wall loss within 50 years allowed development of a probabilistic model for predicting whether an IC threat, under a nominal operating condition, is extremely unlikely.