Testing page for app

As the operator seeks to raise $15 billion from asset sales through 2021, it sees a viable opportunity in its Gippsland Basin upstream portfolio, which could fetch up to $3 billion in a sale. Wood Mackenzie anticipates strong interest, but the age of the field may prove problematic.

Using machine learning (ML), image recognition, and object detection, the use of ML on algorithms to recognize objects and describe their condition were investigated—offering new possibilities for performing inspection and data gathering to evaluate the technical condition of oil and gas assets.

The recent jump in oil price could create additional momentum for margins in the service sector. With shale euphoria wearing off, service company margins are still showing some resiliance. If the price hike persists into 4Q 2019, increased activity could improve pricing further.

Rystad estimates almost 2 million B/D will remain shut in on average during September and October, with full restoration to pre-attack levels not coming until closer to year end.

At a water treatment plant for an onshore oil field in northern Germany, formaldehyde injection was started in 2015 as a biocide. The goal of this study was to understand the chemical parameters and microbial distribution in the water system and whether formaldehyde injection was effective.

To facilitate testing and comparison of products that attenuate microbially influenced corrosion under field conditions, a method using microorganisms from a low-tide, anoxic North Sea sample was developed that allows corrosion measurements to be made for corroding biofilms grown on steel surfaces.

Internal corrosion has caused ADNOC to suffer loss of containment in oil flowlines in a giant onshore field. This paper describes the successful 5-year field trial program and confirmation that HDPE liner application in carbon steel pipe can be a cost-efficient way to mitigate internal corrosion.

Petrofac’s Engineering & Production Services (EPS) division has been awarded a contract to provide managed maintenance services for ADNOC’s Al Dhafra Petroleum to support its operations at Haliba field, located onshore along the southeast border of Abu Dhabi. Al Dhafra Petroleum recently achieved first oil production at Haliba field on 1 June.

Weatherford International signed a 5-year Corporate Procurement Agreement with Saudi Aramco to deliver cementation, completions, liners, solid expandables, and casing exit technologies. Weatherford said in a statement the agreement establishes a foundation for future collaboration between the two companies.

Amidst a conflict between Vietnam and China over the South China Sea, the Malaysian company’s 10-year deal to supply an FPSO for the Ca Rong Do offshore field is now history. Repsol, the operator of Ca Rong Do, suspended the project last year in the wake of government pressure.