Business/economics
While Uzbekistan has seen a significant drop in flaring, methane leaks from deteriorating infrastructure continue to reveal themselves to satellites in space.
ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.
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In this paper, the effect of timing and pattern of well placement on NPV is studied. Three scenarios were evaluated. -
This paper describes a case study in which four reservoir models were coupled with a production-network model, with the objectives of maximizing recovery factors, identifying operational problems, and evaluating water-production effects.
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The realization that we should not look at any individual aspect of how to estimate unconventional reserves and resources properly without considering its place in the project life cycle reflects a maturity within the industry.
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The implementation of the PRMS has contributed significantly to the understanding of the hydrocarbon-maturation process in the Netherlands.
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This paper presents methods for production forecasting that give reasonable post-treatment predictions that have been found to be useful for economic planning.
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Developing performance indicators that will provide meaningful comparisons across the wide variation in oil and gas platforms is important, since good indicators can drive optimal operations. But is is also complex.
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At the Unconventional Resources Technology Conference in Denver, discussion revolved around solving problems below ground and above ground.
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With the Bakken production rate surpassing an average of 1 million BOPD, the issue of crude transport by rail and its regulation has moved to the forefront.
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Booming US oil production is beginning to seep into international markets despite the country’s ban on oil exports. One sign of change was the departure in late July of a tanker from Texas City, Texas, with 400,000 bbl of liquid hydrocarbons bound for Asia, Reuters reported.
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Running a shale exploration and production operation requires a sharp focus on costs, but not all are measured the same.
