March 2019 ///
Special Focus
Neural network-derived model accurately predicts oil recovery in water-drive reservoirs
Artificial neural networks are information processing systems constructed to mimic procedures that resemble those of the human brain. They have the ability to learn procedures from training patterns or data. These systems excel at pattern matching, classification, data clustering and forecasting.
Creating secure networks for oilfield digitalization
As operators begin to digitalize their oil fields, network connectivity, availability and security are becoming more critical. There are now new, private network technologies and standards that are allowing the industry to incorporate the Mission Critical Internet of Things (MC-IoT) in a way that is more secure, reliable and proven.
Features
Data-driven, underbalanced CTD improves real-time decision-making
A recent project in the Texas Panhandle shows the value that digital technologies have to offer Underbalanced Coiled Tubing Drilling operations.
TCP solves corrosion challenge in Eni’s Aquila deployment
Thermoplastic composite pipe simplifies subsea architecture in deepwater fields, HPHT wells and sour service environments, where steel and traditional flexible pipes can struggle. Recently, TCP is being utilized in lower-specification applications to simplify deployment and reduce costs.
MPD wellbore seal monitoring and control provide deepwater maintenance solution
The novel approach of the Active Control Device enables active seal condition monitoring and control to compensate for seal wear. This feature provides deepwater rigs with a more sophisticated and effective means of maintenance.
MCEDD 2019 paves the way to realizing a future of increasing demand
Gulf Quest LLC, a Gulf Energy Information and Quest Offshore JV, is hosting this year’s 16th annual Marine, Construction & Engineering Deepwater Development (MCEDD) conference on April 2–4, at London’s Novotel London West hotel. Once again, attendees can expect to hear about the latest advances in the engineering, development and production of oil and gas in deepwater and ultra-deepwater fields around the globe.
Advancements in shale reservoir characterization optimize capital expenditures
Profitable production in shale reservoirs is achieved by optimization of capital expenditure and operational strategy improvements from the development of shale reservoir characterization technology.
Electrochemical water desalination system reduces EOR costs
An innovative electrochemical desalination technology provides EOR operators a viable option to reuse produced water as low salinity injection fluid, and recycle polymer to reduce chemical flood operating costs.
Optimizing STACK diversion strategy using pressure-based fracture maps
Fracture mapping enables operators to determine the effectiveness of different diversion techniques to control fracture growth and minimize inter-well communications.
Mexico enters an uncertain period of regulation and activity
These have been unsettled times for Mexico’s upstream sector, since new President Andrés Manuel López Obrador won office last July in a major electoral victory.
Croatia’s Krpan touts new bidding rounds as means to boost output
During a recent industry conference in Houston, Croatian Hydrocarbon Agency President Marijan Krpan sat down with World Oil and discussed what his country is doing to improve production, including two new bidding rounds.
Planes, trains and (electric) automobiles: The threat that is the “Green New Deal”
The rabid “Green New Deal” proponents, as ill-informed as they may be, are going to create headaches for oil and gas E&P, agriculture and a host of other industries.
Columns
First oil
It’s official: U.S. production reaches record 12.0 MMbopd
What's new in exploration
Exploration 2020: “Will drill for food”
Drilling advances
Going straight
What's new in production
No H2O
Oil and gas in the capitals
Houston, Myanmar still has an E&P problem
Water management
Everything changes
Executive viewpoint
A digital transformation success: Uthmaniyah G.P. shines a light on 4IR
The last barrel
Venezuelan oil industry on life-support
News & Resources
World of oil and gas
BP Trinidad and Tobago (BPTT) said that its Angelin development has reached first gas, on time and under budget.
Industry at a glance
U.S. oil production surged to another all-time high when output averaged 12.0 MMbpd in January, up 90,000 bpd from December 2018’s level.
People in the industry
American Gilsonite Company (AGC), exclusive supplier of Gilsonite, has appointed Craig Mueller as V.P. and CCO.
Companies in the news
Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well, located ~12.43 mi (20 km) south of the Kristin platform in the Norwegian Sea.
New products and services
GEODynamics, Inc., introduces the new, patented, HELLFire perforating system that allows the industry to more effectively complete multi-stage plug-and-perf operations.
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