JPT March 2022 Issue
Source: Getty Images.
On the Cover
For the seventh year in a row, the number of undergraduates in petroleum engineering programs is down, but that could be changing. Source: Getty Images.
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Monthly Features
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The principles behind unconventional wells lead to production profiles very different from conventional wells. High initial-production rates drop to much lower rates in a matter of months or a few years. How many in the US are currently considered low-production-rate wells? -
Is it possible to predict future petroleum engineering graduation rates based on past trends? The answer is no. But this discussion by experts in both analysis and academia shows those trends can offer some interesting insights. -
The enrollment trend in petroleum engineering programs continues downward, but a big increase in oil prices has resurrected thoughts of past enrollment booms. -
Skyrocketing demand for the commodity has created a lithium deficit that could slow the pace of the energy transition. Industry is scrambling to find new sources by opening new mines or devising new technologies to extract lithium from brines, including brines found in produced water from oil and gas operations. -
Stunningly ambitious plans to create global carbon capture and storage that rivals the scale of today’s oil and gas production will require a host of technical skills to determine if it is even possible. -
Pandemic gridlock, rerouting risk, and net-zero expectations are squeezing oilfield service companies into change.
President's Column
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There are powerful indicators that the transformation of energy markets is accelerating, even though the world should not decrease its focus on stable oil and gas supply. Our industry will continue to play a strong role in the coming decades to provide sustainable energy.
Comments
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Not so long ago, defining green energy was straightforward: renewables. It may not have been quite that simple, but developing agreed-upon definitions based on science has become much more complex and contentious.
E&P Notes
Partners confirm find, begin planning for additional well in the area.
Gas discovery the first from nation’s offshore exploration concessions.
The deal adds 5.5 million BOE of proved and probable reserves.
TotalEnergies, Chevron and others abandon region citing worsening humanitarian situation.
Operator will receive $1.38 billion for cluster of 22 concessions in the Potiguar basin.
Malaysia Bid Round 2022 is promoting 14 exploration blocks in addition to known discovery areas.
Licenses include a dozen in the North Sea, 10 in the Norwegian Sea and 4 in the Barents
Additional tie-back opportunities should move even more volumes through the facility.
KUFPEC makes commercial discovery of natural gas and condensate in the Anambas Block.
People
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This section recognizes SPE members accomplishments and positions within the oil and gas industry.
People
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This section lists with regret SPE members who recently passed away.
Artificial Lift
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What is the one thing you can do that will provide the greatest benefit to your artificial lift operations? For me, the answer to that question is simple: focus on surveillance. Surveillance is the foundation of any artificial lift optimization program. Effective surveillance practices allow you to keep track of how your system is performing against predefined targets…
Production Monitoring
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Digital technology for orchestrating production-optimization and reservoir-management work flows has been increasingly embedding machine-learning functionality.
High-Pressure/High-Temperature
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What a difference a year can make. Oil and gas prices have reached and stabilized at levels that have not been seen for over half a decade, demonstrating that the adage “low oil prices are the remedy of low oil prices” is still true.
Formation Damage
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The adage “prevention is better than cure” is the first thing we consider regarding formation damage, but how prepared we are for the treatment and cure to allow a well to perform to its full productivity or injectivity potential? And how can digital tools be an effective enabler?
SPE Members: Access the free technical papers synopsized above through 30 April.