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
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
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
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
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).
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
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
Norway-based TGS informs that it has signed a Letter of Intent with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months. The Letter of Intent gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the
Strainstall UK Limited has been selected to work alongside SBM offshore on the prestigious Shell Stones project, which is an ultra-deep Oil and Gas development in the Gulf of Mexico and is currently the deepest production facility in the world at approximately 2,900 meters.
Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology that some hope could revolutionise offshore production. Shell said on Friday it would postpone a project to provide subsea compression
U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013.
EMA/IMA has just completed an in-depth analysis of the floating production sector. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs. Inventory of floating production systems now at 277 units
ABB recently entered a partnership with international energy company Statoil to develop power solutions for subsea oil and gas production. A key challenge they identify is to develop reliable long-distance power transmission technology and to build components that can function for several decades
BP says it has made a significant oil discovery at its Gila prospect (which it co-owns with ConocoPhillips) in the deepwater US Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico and reflects the company’s ongoing
Operator Statoil has together with PL272 partners made a gas discovery in the Askja West prospect and an oil discovery in the Askja East prospect in the North Sea. The exploration wells 30/11-9 S and 30/11-9 A, drilled by the drilling rig Ocean Vanguard
Aker Solutions says it has completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund. The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any
Statoil say that a situation arose in which drill fluid was lost as a new well was being drilled on Snorre A, in the Tampen area of the North Sea. Statoil explain that while it was possible to quickly reduce the loss of drill fluid to the reservoir
Energy industry professionals will gather in Aberdeen this spring for the sixth European Sand Management Forum. The conference and exhibition, organized by the Society of Petroleum Engineers (SPE) Aberdeen Section and the Sand Management Network
Gas reforming company Gas2 said it has achieved a second milestone at its 3 bpd (barrels per day) Wilton Research Center pilot plant in Teesside, U.K. as it develops a new generation of natural gas-to-liquids (GTL) process technology which has the potential to deliver lower cost solutions for
Technip inform they have been awarded by Statoil a substantial contract for future intervention services on the Asgard Subsea Compression Stations situated on the Norwegian contenental shelf. Ranking among the largest developments on the Norwegian continental shelf
Great Lakes Dredge & Dock Corporation (GLDD) says it has signed an US$89 million contract with the City of Decatur (IL) to provide dredging services to increase the capacity of Lake Decatur. Lake Decatur, the largest lake on the Sangamon River, was created after the river was dammed in 1922
Norwegian oil explorer Det norske made a small oil discovery in the Arctic Barents Sea with a gross oil column of about 30 metres and much poorer reservoir quality than expected, the Norwegian Petroleum Directorate said on Monday. Det norske earlier said it found some oil in the prospect but