Oil Reservoir

i-TEC Launches Revolutionary Well Technology

Stimulation of offshore well achieved in 1.5 days, in contrast to the normal 40-50 days.   Well technology company i-TEC has developed a unique, new lower completion ball drop sleeve system which can radically reduce the time it takes to stimulate a well. The i-Frac system allows operators to bring wells in tight formations on line much more quickly than other methods, resulting in potentially huge cost savings and earlier production revenues. The system recently reduced stimulation of a North Sea well on the Norwegian Continental Shelf to only one and a half days, as compared to the normal of 40-50 days. It allows for more than 20 sleeves per stage to be installed in a cemented liner and opened sequentially with a single ball. A number of stages can be run in a single well.   The recent installation was in early paleocene and late cretaceous, carbonate formations in the Norwegian sector of the North Sea. The technology also has huge potential for global shale oil and gas plays, particularly in the United States, where in some tight shale fields it could allow an operator to fracture twice as many wells in a year compared to traditional methods. The recovery of oil and gas in limestone and tight shale formations is accomplished by drilling horizontal wells to increase the well-reservoir contact. Each well is divided into zones which are individually opened to carry out a controlled and efficient stimulation of the formation rock.  

SHI Secures Order For FPSO

SHI received an order for a floating production storage and offloading (FPSO) facility worth US$140 million from Husky Oil Operations Ltd. of Canada on the 31st. As a competitive solution for the development of offshore oil and gas resources capable of the production, storage and offloading of crude oil and gas, an FPSO is a special facility suitable for the development of a medium size deep-sea oil and gas field due to its mobility

Oil Search and Halliburton Renew Contract

Oil Search Limited and Halliburton have signed an agreement to renew an alliance that was originally formed in 2004. The multimillion-dollar contract covers three years, with the option for two additional years. The agreement calls for Halliburton to provide a full range of subsurface services, including drilling and formation evaluation, slickline, fluids, cementing services and production enhancement in Papua New Guinea where Oil Search is the industry leader in oil and gas exploration and

Statfjord Celebrates 30 Years on Stream

Thirty years after the Statfjord field started production, one of the largest oil fields in the North Sea has now become a gas field. “On 24 November 1979 we brought one of the North Sea’s largest oil fields on stream,” said Øystein Michelsen, executive vice president for Statoil’s Exploration & Production Norway business area. “Today we operate a field where 65% of the total output is gas. A whole new era in Statfjord’s history has begun

Petrobras Hits in Deepwater GOM

Petrobras announced the discovery of oil and gas in ultra-deep waters in the Central Gulf of Mexico, in the U.S., via its Petrobras America Inc. subsidiary, based in Houston, Texas. The discovery was made via the Stones # 3 well, drilled to perform the exploratory assessment of the Stones discovery, which is operated by Shell and located in Block WR 508, in ultra-deep Walker Ridge Quadrant waters. Petrobras America Inc. holds a 25% stake there

New Technology from Camcon

Camcon Technology unveiled a new technology application designed to increase the volume of oil that can be recovered from the world's reservoirs as well as reduce operating costs. Developed specifically for the oil and gas industry, the Camcon Intelligent Gas Lift configuration is part of Camcon binary actuator Technology (BAT). The application aims to enhance the recovery of oil from reservoirs by introducing gas injection management capabilities to improve extraction flow

Another discovery in the Gullfaks area

Statoil’s drilling of the Skinfaks South well in the North Sea has been completed and the estimated volume is between 1.9 and 6.9 million barrels of oil equivalents. This is the fourth infrastructure-near discovery in the Gullfaks area in a 10 month period.   Light oil has been confirmed in Middle Jurassic reservoir rocks (Brent group) and a 80 metre high column in good-quality reservoir rocks. "We are currently evaluating how this discovery can be connected to the existing

Statoil: Third Gullfaks License Discovery

An exploration well and a sidetrack currently being completed by Statoil near Gullfaks South have yielded the third discovery made in the Gullfaks licence so far this year. This confirms yet again that infrastructure-led exploration is important and yields highly commercial finds which can be brought on stream quickly,” says Tom Dreyer, exploration head for the northern North Sea. “We regard the area around Gullfaks South as prospective and the find confirms our faith in the area

Rock Pinnacle Work to Begin, Water Still Needed

Senator Durbin, Illinois Lt. Governor Simon, Members of Congress  Hold Meeting with Stakeholders/Army Corps of Engineers/Coast Guard;  Carlyle Reservoir Release Occurs, Rock Pinnacle Work to Begin Today;  Modest Water Still Needed from Missouri River to Avoid Effective Shutdown of Nation’s Busiest Water Transportation Artery   Senator Richard Durbin held a meeting in Alton, Illinois, with Members of Congress, Illinois Lieutenant Governor Sheila Simon

STATOIL Mariner Concept Presented

cut 08Sep_Mariner468 Mariner field illustration (Photo Courtesy www.statoil.com) cut 08Sep_Mariner225b Peter Mellbye, Statoil’s executive vice president for Development and Production International. (Photo Courtesy www.statoil.com) The concept chosen for the Mariner heavy oil project on the UK continental shelf includes a production, drilling and quarter (PDQ) platform based on a steel jacket, with a floating storage unit (FSU).