Reservoir
ConocoPhillips has reported a natural gas discovery in the Otway Basin offshore Victoria, Australia, after its Essington-1 exploration well intersected gas-bearing zones in the Waarre A and C sandstone formations.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.
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The evolution of horizontal drilling and multistage completions has changed matrix stimulation from the “more acid, better result” belief to effective lateral distribution and deeper penetration with less acid.
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CO2 injection is a successful EOR technology that has been deployed extensively in the Permian Basin. Further expansion of CO2 EOR has been limited by the availability of affordable CO2 rather than the existence of suitable target reservoirs. This situation may be about to change. -
Saudi Aramco is tapping Halliburton’s expertise in developing unconventional resources to increase domestic gas production, a pillar of its long-term strategy.
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Oil and gas demand is stable or rising in all regions of the world, meaning additional investments are needed for production to keep up. Growing indigenous requirements reduce volumes available for export in many regions, IOGP’s new Global Production Report shows.
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Understanding the behavior of subsea reservoirs traditionally takes months and millions of dollars. A new company says it can do this with a very targeted way in less than a week, for only thousands of dollars.
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Wells are starting to come on stronger than expected, which is putting a new emphasis on orginizing all the other ingredients needed for shale production: more rigs, roads, pipelines, water, and sand.
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While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years.
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SponsoredA Midland Basin case study on estimating production, drainage volume, and interference from multiple stacked wells.
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Total is expanding its development and use of artificial intelligence to bolster its exploration work, collaborating with Google Cloud—which is stepping up its presence in the oil and gas industry.
