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 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 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
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
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
Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country. The write-off affects two exploration areas, Itaipu and Wahoo, which failed to deliver on oil volume expectations, and the Polvo field
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
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
RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa Field in the North Sea. (RWE Dea Norge is operator in production licence (PL)420.) The purpose of the well was to delineate the Titan discovery towards the south and to reduce the uncertainties in reservoir thicknesses and reservoir properties
Argentina state oil producer YPF said on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement. There was also "important potential" for oil, it added. Tight gas is a type of hydrocarbon found in reservoirs formed by rocks of low permeability.
Idreco (International Dredger Constructions) of the Netherlands informs it has designed, built and installed its second dredger, an ISD 600 with a digging depth of 30 meters, at the Inga Dam in The Democratic Republic of Congo. The dredge has a mixture production and solids production of
China and Russia will hold joint naval and air defence drills in the Sea of Japan, China said on Thursday, the latest exercises between the two countries which could concern Japan, involved in a marine dispute with China to the south. The manoeuvres also come as the United States ramps up
Former BP PLC Chief Executive John Browne said fellow FTSE 100 giant Royal Dutch Shell PLC is risking its long term reputation and finances by deciding to drill n the Arctic, the BBC reported. But the CEO of Royal Dutch Shell says he decided to drill for oil off the coast of Alaska
At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for
In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells. Over six thousand linear kilometers of 2D seismic profiles were processed
Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast. The discovery could put Guyana on oil and gas Map and the country could become a player
Eighteen U. S. senators have urged the Obama’s administration to halt Shell’s Arctic drilling plans saying that it is an unacceptable and irresponsible decision, says a report in Reuters. Oregon’s Senator Jeff Merkley, joined by seventeen other Senators
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years
Europa Oil & Gas (Holdings) plc, confirmed the commencement of an Extended Well Test at the Wressle-1 oil and gas well (‘Wressle’) in East Lincolnshire (‘PEDL 180’). This follows the successful testing earlier this year of four intervals at Wressle
Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS)
San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig. The well is expected to spud in the second half of August 2015
Subsea 7 and Houston-based OneSubsea have announced the signing a global alliance agreement to combine resources and collaborate on selected projects. The firms will jointly design, develop and deliver integrated subsea development solutions. OneSubsea is owned by Cameron and Schlumberger
EMGS has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin. EMGS will prioritize acquiring EM data for the future bid rounds in
Japan called on China on Tuesday to halt construction of oil-and-gas exploration platforms in the East China Sea close to waters claimed by both nations, concerned that Chinese drills could tap reservoirs that extend into Japanese territory.
China said on Friday it had every right to drill in the East China Sea close to waters disputed with Japan, adding that it did not recognise a "unilateral" Japanese median line setting out a boundary between the two in the waters.