JPT July 2022 Issue
On the Cover
The Polvo-A platform supports development of the Polvo shallow-water field in Brazil’s Campos Basin. The fixed platform is connected to the Bravo FPSO which has a capacity to process 90,000 B/D and store up to 1.6 million bbl. Source: PetroRio.
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Monthly Features
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How do you make new money from old offshore fields? The choice between investing in older assets or decommissioning them depends on oil and gas prices, the ingenuity of technical people, and the willingness of a company’s executives to hold on to older assets. -
It has often been considered risky to use heavy drillships in depths below 2,000 ft. However, a good measure of innovation and market timing has recently proved otherwise. -
Something often talked about but rarely occurs is the reuse of an existing, but idled, production platform on a new field. LLOG wants to change that with ambitions to rejuvenate the former Independence Hub floating production system for use on its Leon/Castile project in the deepwater Gulf of Mexico. -
This year, the SPE Artificial Lift Conference and Exhibition–Americas will be held 23–25 August in Galveston, Texas, with the theme “Modern Artificial Lift–Adapting to a Changing Industry.” The event provides opportunities for technical professionals to gain insights into current trends and field experiences and explore innovative solutions. A special Legends of Ar… -
Terry Palisch is the nominee for 2024 SPE President. He and five others make up the new slate of nominees recommended for positions open on the SPE International Board of Directors. -
An emissions-reduction study conducted for a Middle East operator identified potential annual savings of $10 million–$15 million, a 20% decrease in total Scope 1 CO2eq emissions, and 10 MW of energy reduction and delivered more than 100 recommendations for both technical and internal framework improvements.
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Energy transition in the UK will require absolute commitment to projects and deadlines. A slower pace of the development of energy transition projects will be less able to support the supply-chain critical mass so essential to reaching net zero.
President's Column
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The SPE Strategic Plan to be developed needs to take into consideration the hardships and changes that have affected the industry and SPE members. It must provide a solid foundation to best serve our members’ needs into the future using a financially sustainable model.
Comments
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Although energy efficiency has long been mentioned as a means toward achieving Paris Agreement goals, the “more exciting” announcements about carbon capture and storage grabbed attention. Will concerns about energy security and high prices help bring it to the forefront?
E&P Notes
The extension will keep the semisubmersible rig busy to April 2025.
A large gas prospect offshore Norway fails to deliver
The well had been touted as one of the most anticipated in the North West Shelf for many years.
A successful sidetrack well at South Tchibala could add future drilling locations across Etame block.
The Cronos-1 well gets underway after 2-plus years of pandemic-related delays.
The new finds could add more than 600 million BOE of gross crude reserves.
The new agreement will see the partnership jointly invest in four deepwater projects.
The duo looks to new drilling of the $8-billion pre-salt project in the Santos Basin.
The partners decide on a single operator for finds in the NOAKA area.
The new discovery is expected to de-risk 50 Bcm of resources in region off Israel.
SPE News
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SPE recently received two awards recognizing the successful launch of SPE Live during the COVID-19 pandemic.
People
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This section recognizes SPE members accomplishments and positions within the oil and gas industry. -
Reservoir Simulation
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Whether it be Derrick Turk asking us to “resist the temptation to accrue vocabulary rather than understanding” or Mark Bentley telling us that “if you can sketch it you can model it,” there does seem to be a growing pushback against the notions that the modeling/simulation process can be successfully shrink-wrapped and that fundamental understanding is increasingly a …
Wellbore Tubulars
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Digital technology and high computing and processing speeds and novel technologies are providing additional impetus to extend the life of tubulars for long-term sustained production, minimizing negative effects on the environment. Recently, many new technologies borrowed from the horizontal-drilling industry have been applied effectively for downhole conditions to det…
Unconventional and Tight Reservoirs
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Unconventional resource exploitation has three key technology and application focus areas—increasing implementation of fracture diagnostics, enhancing production and recovery from new well completions as well as existing wells through improved stimulation and restimulation design and execution quality, and developing enhanced oil recovery methods.
Decarbonization
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Have you noticed that the pace, breadth, and depth of engagement in decarbonization within the oil and gas industry is going from strength to strength? In addition to corporate commitments and project announcements, this was evident in the content of OnePetro technical papers during the past year that demonstrate the industry is serious about implementation.
SPE Members: Access the free technical papers synopsized above through 31 August.