Petroleum reserves
ExxonMobil joins BP, Chevron, and TotalEnergies in greenlighting new investment projects in Iraq in 2025 as the government targets oil production of 6 million B/D by 2029.
The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
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The Petroleum Resources Management System (PRMS) has long been recognized as the global standard reference for resources and reserves classification and definition. The newly published “2022 Guidelines for Application of the PRMS” is not merely a refresh of the 2011 version but a complete rewrite by contemporary subject-matter experts. -
The complete paper outlines adaptations of the SPE Petroleum Resources Management System to a company’s business processes.
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The complete paper builds on existing tools in the literature to quantify the effect of changing well spacing on well productivity for a given completion design, using a new, simple, intuitive empirical equation.
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This paper describes a development plan for an oil field discovered in a remote offshore environment in the Niger Delta that uses a probabilistic approach to estimate the STOOIP using low, mid, and high cases.
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The paper provides insight into managing reserves and resource information during a merger through description of a case study.
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The authors present a countrywide benchmarking of ultimate recovery factor for oil reservoirs in Kuwait.
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The authors write that the deterministic incremental reserve assessment method may mislead investors if used wrongly.
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E&P independent Energean has awarded Halliburton a contract to provide services for drilling up to five wells offshore Israel in collaboration with Stena Drilling.
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The complete paper outlines some of the challenges involved in late-life field management and how Reserves assessment may be affected.
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During the past decade, hundreds of unconventional oil and gas projects have failed to deliver the value sought by shareholders.
