REVIEW AND FORECAST

World Oil’s annual review of the past year and what lies ahead in 2008, now in its 82nd year. Our statistics and analysis are gathered from proprietary surveys from states, governments and operators worldwide. These reports are used by oilfield professionals and government agencies around the world for analysis and forecasting the year ahead.

Crude oil price analysis. A popular choice among forecast analysts for governmental consulting, public speaking and the media, Matthew Simmons of Simmons & Co. Int’l, gives us his take on recent high prices, OPEC, the ever-threatening peak supply possibility and other supply-and-demand topics.

E&P spending forecast. Citigroup’s oil company surveys provide comparative analysis and predictions for US, Canadian and worldwide upstream capital expenditures from 2007 through 2008.

Washington in 2007-2008. World Oil’s capital city correspondent, John McCaughey, reports on the status of political efforts to steer US energy policy by a Democrat-led legislature and a Republican White House. In his inimitable writing style, McCaughey discusses the results of past bills and the energy legislation likely to come forward in 2008.

Canadian outlook. Has Canada’s boom topped out? Calgary contributor Bob Curran provides his annual report on the past year and what activity looks like in the year ahead from the perspective of a Canadian insider.

US drilling forecast. Our expert editorial team will again amass and crunch a mountain of data to produce an industry standard, World Oil’s US drilling forecast, complete with proprietary survey results, tables and charts. Plus, we will feature several pages of statistics and analysis of the US rig count, oil production, and oil and gas reserves.

There will also be several proprietary features that agencies, such as DOE and API, as well as DeGolyer and McNaughton, depend on World Oil for its data, including US producing oil wells and producing gas wells on a state-by-state basis.

International drilling. World Oil also asks government officials, oil company planners and others to report on last year’s activity, as well as help produce a global drilling forecast for 2008. Plus a breakout of just the global offshore drilling activity picture. The international section also gives world oil production by country and by region.

 COILED TUBING TECHNOLOGY

CT drilling project in the western Canadian sedimentary basin, which overcame the limitations of depth of penetration, vertical control and directional drilling. ConocoPhillips and Schlumberger report on how they took advantage of a hybrid CT drilling rig’s features such as high penetration rate, quick mobilization, quick rigup/rigdown time, as well as its positive HSE aspects.

New stimulation technique allows ConocoPhillips’ to stimulate all perforated zones in its very difficult North Sea wells. These wells contain heterogeneous pay zones, differences in permeability, porosity and pressure. The technique, from Weatherford, involved pumping Frac fluid into a 2.875-in. tapered CT string and selectively injecting into the formation through a zonal isolation straddle packer. The short- and long-term results from using this procedure on three wells are reported.

 LNG AND NATURAL GAS

North American gas outlook. Gas expert Len Parent, publisher of the Gas Price Report, reviews gas-well drilling, gas prices, and gas supply and demand for the North American continent for 2007, and offers his predictions for 2008.

Global LNG report. Two consultants give their views on the global LNG market, with an emphasis on the price analysis and forecast. Proposed terminals, supply from various countries and development options are discussed.

 PRODUCED WATER REPORT

Produced in association with the Produced Water Society, an author in the repair and re-use business explains when it makes sense for operators to repair or rebuild a piece of produced water equipment, such as a floatation cell.