JPT February 2023 Issue
On the Cover
Production from the Cenovus-led West White Rose development will be produced through the SeaRose FPSO. First oil is expected in 2026. Source: Cenovus.
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Monthly Features
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The recent Permian Basin earthquakes in Texas are keeping producers, regulators, and service providers busy in their quest to reduce the intensity and frequency of the induced seismic events. -
Offshore Eastern Canada is showing signs of life as new project commitments are firmed up and idled projects roar to life. -
Rate transient analysis has been challenged in every sense of the word when it comes to tight reservoirs. An ongoing joint industry project aims to turn that around. -
At the center of a rush to build carbon storage is the state of Louisiana, where the number of applications to build long-term storage is equal to half the sites operating globally.
Guest Editorial
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![JPT_2023-02_GuestEd_Essential-Features-of-the-CO2-EOR-Process[1].jpg](https://assets.spe.org/dims4/default/460af2c/2147483647/strip/true/crop/879x494+0+16/resize/320x180!/quality/90/?url=http%3A%2F%2Fspe-brightspot.s3.us-east-2.amazonaws.com%2Fdf%2Fbd%2F1d2a3a144d61b40dbfee45355579%2Fjpt-2023-02-guested-essential-features-of-the-co2-eor-process1.jpg)
Carbon capture and storage, with the potential for usage, will be crucial if the world is to prevent global warming. While Norway has been injecting captured CO2 in saline aquifers since the mid-1990s, there has been no attempt, and no plans exist, in Europe to use CO2 for EOR. Why not?
President's Column
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Spending plans announced by oil and gas companies indicate that about 80% of their budgets are directed toward traditional E&P, efforts to reduce emissions and carbon footprints, and sustainable investment in new energy. It is reasonable to expect that with these budget increases, there will be an uptick in the employment of petroleum professionals.
Comments
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When it comes to workers’ salaries in oil and gas vs. clean energy, how does their compensation compare? The answer depends on the roles of workers and their locations, qualifications, experience, training—and personal decisions.
E&P Notes
Equinor will participate in 25 exploration wells on the NCS this year.
New well near Speyer, Germany adds 1,800 B/D of new production
Both finds will be tied back to the nearby Ram-Powell TLP.
The new floater is producing oil from the Itapu field in the Santos Basin
A total of 20 new exploration blocks are on offer within the Israeli Economic Zone.
New well on the Gydan Peninsula strikes gas and condensate.
The Agua-Marinha block is located in the Campos Basin off Brazil.
Two PSCs have been sold to PSEP for $475 million.
Supermajor sells Central African operations for $407 million.
Innovation Survey
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A deeper understanding of the roles of individuals in the innovation process is more important than ever as the organizations that make up the industry are being fundamentally transformed. Who are the “explorers” within the sector that are hardwired to deliver tomorrow’s bolder technologies? And who are the “exploiters” that prefer to stick with less‑ambitious innovat…
SPE News
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The FAQs present questions frequently received from industry with answers prepared by the FAQ Subcommittee and reviewed by the SPE Oil and Gas Reserves Committee and Petroleum Resources Management System (PRMS) co-sponsors. The FAQs address select topics on the interpretation and application of the PRMS on the evaluation and classification of petroleum reserves and re…
People
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This section lists with regret SPE members who recently passed away.
SPE Technical Papers Available
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SPE technical papers synopsized in each monthly issue of JPT are available for free download for SPE members for 2 months. These January and February papers are available now.
Drilling Automation and Innovation
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With the arrival of the digital age, solutions in big data, automation, and artificial intelligence are rapidly opening the door to a deeper and more-comprehensive understanding of drilling operations around the world.
Well Testing
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This month’s papers highlight ongoing developments within the well testing discipline and important reminders about how to properly use dynamic data. The application of these well testing fundamentals to a nascent carbon storage market is still evolving.
Formation Evaluation
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In the life cycle of a field, from exploration and production to development, as we hone our knowledge to understand the reservoir, we often explore various subdomains of formation evaluation at various scales. In this issue, we explore three such subdomains at three different scales.
Seismic
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This year’s titles have a good mix of new frontier exploration, expanding heartlands, and brownfield-development themes. Improved seismic survey techniques, seismic image uplift, enhanced seismic attribute analysis, reservoir characterization, fracture diagnostics, mitigation of induced seismicity, and carbon capture and storage topics also were featured.
SPE Members: Access the free technical papers synopsized above through 31 March 2023. A PDF of the issue is also available for download.