Reservoir
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
Average output reached 13.6 million BOPD, extending a period of sustained growth that has kept the US at the forefront of global oil production.
A report commissioned by Havtil, the Norwegian Ocean Industry Authority, calls for better dialogue regarding pore-pressure uncertainty and higher-end drilling techniques like managed pressure drilling as methods to reduce the risk of well-control events.
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Because of their heterogeneity, carbonate reservoirs are more difficult to model than clastic reservoirs. The main difficulty comes from the number of different pore types, compared with the typical interparticle pore type in clastics. -
This paper addresses the challenges in modeling highly unstable waterflooding, using both a conventional Darcy-type simulator and an adaptive dynamic prenetwork model, by comparing the simulated results with experimental data including saturation maps.
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The rising cost of fracturing offers a significant incentive for finding ways to avoid unproductive rock. One entrepreneur says he can use standard well logs to target the slice of rock likely produce most, and avoid the rest.
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Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.
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Electromagnetic (EM) reservoir imaging is likely to get more attention from operators thanks to a collaboration between Halliburton and a leader in this emerging technology, GroundMetrics.
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Need a Faster Measure of Relative Permeability? Take a CT Scan and Follow With Digital Rock AnalysisFaster, lower-cost measures of multiphase permeability of conventional reservoirs are promised by a digital rock analysis method developed by BP and Exa, which is marketing software to measure relative permeability.
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Significant progress in cost reduction has been made in the industry following the price downturn, not only in the direct cost of construction and operations but also through a determined drive to simplify and streamline new projects in concepts selected for facilities and wells.
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There is increasing interest in drilling the Austin Chalk formation, with hopes that the latest unconventional development methods can deliver a boom in a play that has seen several over a 90-year history.
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The implementation of chemical EOR has proven successful but the method faces significant technical and financial challenges.
