JPT January 2020 Issue
On the Cover
These images were produced using a new acoustic-imaging technology and show casing breaches caused by proppant erosion that took place during hydraulic fracturing due to leaking plugs. Source: Dark Vision Technologies
In my first column of the new year, I want to discuss my focus area of Strengthening the Feedstock of Incoming Talent because I believe that our industry needs a change in direction in order to succeed with this ambitious goal.
The shale sector is seeking answers to a complex issue involving casing deformations that block access to long sections of a lateral. As opposed to frac hits, this rising problem is considered to be an intrawell phenomena.
Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term.
Heavy production spiked in two Canadian wells heated by an electric cable, but it is hard to find customers there at a time when Canadian oil prices and customers remember cables in the past that died young.
The formula for value in a shale play used to be simple, lease acreage in the best quality rock based on Tiers cover large areas. That standard is fading as it has become obvious that the rock is highly variable and the drilling and completion designs are just as important.
Integrating sustainability in the core business is not a quick fix but a complex journey that touches all parts of the business and requires new ways of alignment and cooperation. Safety has gone through similar challenges, and we can learn a lot from that journey.
Offshore wind makes up less than 1% of the current energy mix, but analysts have it pegged as a potential trillion-dollar business in the near future. That growth presents an opportunity for operators to reduce costs and their carbon footprint through the electrification of their offshore platforms.
Macroeconomic and business risks, investor uncertainty, and the energy transition highlight the challenges outlined in the report.
Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.
The upgrade project will increase the maturing field’s oil production to 485,000 B/D.
P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.