Testing page for app

Egypt has completed 12 petroleum agreements worth at least $1 billion in addition to a $19-million signature bonus for drilling 21 wells, said Tarek E-Molla, Egypt’s Minister of Petroleum and Mineral Resources.

Petrobras started production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field offshore Brazil.

CNOOC Ltd., a branch of the China National Offshore Oil Corp., said in late June it had made a discovery at Huizhou 26-6 in the eastern South China Sea.

Aker BP, Equinor, and LOTOS Exploration and Production Norge AS have reached agreement on commercial terms to jointly develop the Krafla and Fulla region and the north of Alvheim area

Italy’s Edison has cut $284 million from the sale of its E&P business to Energean after excluding Algerian and Norwegian assets from the deal.

The E&P subsurface sector today faces the lowest reserve replacement ratios in decades as well as an increasing need to maximize recoverable oil and gas from developed fields.

Often it is too difficult to create the fault conditions necessary for training a predictive maintenance algorithm on the actual machine. A digital twin generates simulated failure data, which can then be used to design a fault-detection algorithm.

A multizone water-injection project has ultimately proved a method of using intelligent completion interval-control valves in place of traditional sand-control completions in soft sand reservoirs.

An intelligent drilling optimization application performs as an adaptive autodriller. In the Marcellus Shale, ROP improved 61% and 39% and drilling performance, measured as hours on bottom, improved 25%.

I am both sad and joyous that this will be my last JPT column as your SPE President.