Issue: August 2020
Special Focus
Applying new digital tools, structured planning and risk management expertise is essential to reducing costs in mature subsea projects.
NETL’s ORM suite comprises tools that can be used individually, or coupled together, to provide a full scope of data to evaluate, explore and ultimately prevent different spill scenarios.
Increased requirements for uncertainty analysis have caused a shift in sensitivity assessment, from a deterministic approach to a stochastic process. To ensure wellbore integrity, it’s essential to conduct breakout and geomechanical fracture analysis to estimate a safe mud weight window for use during offshore drilling.
As remote inspection gains momentum in the current climate, digital twinning is gaining greater acceptance as a trusted method to reduce operating costs. New data show the benefits that digital twinning can bring to decommissioning.
Features
Calls to ban offshore oil and natural gas lease sales, or permitting, would devastate America’s economic and energy future.
The COVID-19 pandemic will have a profound and lasting impact on oil supply, demand and price for the next 10 years. Two scenarios are presented to help producers understand the challenges associated with fast/slow economic recoveries.
Successful development of technology today will ensure that the E&P industry continues to be a source of reliable energy supplies, and also a driver of innovation, spearheading advances in the fourth industrial revolution.
“Cheap drilling,” but very few takers
Four years after combining strengths into an alliance, two executives offer insights into their companies’ progress in developing world-class subsea technologies, to solve remote and ultra-deepwater operational challenges.
Recovering reserves left behind in mature horizontal wells requires refracturing with modern techniques. A new single-trip expandable technology enables operators to restimulate existing perforations, to increase production and EUR with relatively low capital investment.
One of World Oil’s most notable editorial advisors receives SPE’s ultimate distinction while also taking on new roles in the industry.
Ever wonder what goes on, when President Trump makes a trip to West Texas, especially when it features a visit to an oil field location? Well, one of our editorial advisors got to witness a full day of logistics, when the President visited one of his company’s rigs near Midland, Texas.
How to keep E&P workers healthy, safe and working while preparing for increasingly remote operations
Eventually, the Covid-19 pandemic will subside, and market prices for oil will stabilize and rise to more profitable levels. In the meantime, advanced digitalization and cybersecurity can keep essential E&P personnel safe, as operations must continue.
During offshore well testing, various factors contribute to a lack of data for dynamic reservoir evaluation. A live, downhole, reservoir testing platform enabled the most representative reservoir information in real time and connected more zones of interest in a single run for two appraisal wells in the Sea of Okhotsk, Russia.
Columns
Anti-dumping resolution emerges out of unexpected place
When is it OK to defer maintenance?
Is Russia sacrificing the medium term for the short term?
Shaping the future of oil and gas in Texas
Never say never!
Resources
Special Section: Offshore Wind Power
To further exploit the UK’s vast wind power potential, technology advances and cost reductions are required for floating installations to compete commercially against bottom-fixed facilities.
To help achieve carbon reduction goals, substantial growth is expected in the floating offshore wind sector. To efficiently harness the renewable resource, a European contractor is taking a leading role by installing powerful floating wind turbines in challenging environments.
As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.
The PosHYdon pilot project will create the world’s first offshore green hydrogen production plant in the Dutch North Sea. The project will gain experience in integrating working energy systems at sea and producing hydrogen in an offshore environment.
Global data compiled by the Energy Web Atlas, a World Oil sister service, show steady growth in offshore wind development.
