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J Pet Technol 73 (07): 13–17.
Paper Number: SPE-0721-0013-JPT
Published: 01 July 2021
... since 2001. Its current equity production in the region is around 80,000 BOE/D. Shell Sells Out of Philippines Gas Field Royal Dutch Shell has agreed to sell its stake in the Malampaya offshore gas field in the Philippines for $460 million. The major sold its 45% stake in Service Contract 38 (SC38...
J Pet Technol 73 (06): 14–19.
Paper Number: SPE-0621-0014-JPT
Published: 01 June 2021
... of approximately 370 m. The contract has an estimated duration of 75–85 days and has a one-well option attached. If exercised, that probe would spud in the nearby Demerara Block and take an estimated 40 days to reach its target. Talos’ Bulleit Reservoir in US Gulf Smaller Than Expected A technical assessment...
J Pet Technol 72 (08): 16–19.
Paper Number: SPE-0820-0016-JPT
Published: 01 August 2020
... in April 2018 through the P74 FPSO; the rest of the units were subsequently added to the field. Saudi Aramco Suspends Contract With Seadrill Rig Saudi Aramco has suspended the contract for the Seadrill co-owned jackup drilling rig for up to 1 year. The 2013-built AOD II, an independent leg cantilever...
J Pet Technol 72 (05): 49.
Paper Number: SPE-0520-0049-JPT
Published: 01 May 2020
...Morten Iversen The collapse in upstream investment has wreaked havoc on the deepwater market, leading to rationalization and consolidation. Many of the operators and rig/vessel owners left have been clinging on by their fingertips. The number of rigs operating under contract is still at slump...
J Pet Technol 72 (02): 30–31.
Paper Number: SPE-0220-0030-JPT
Published: 01 February 2020
... the number of days of pay per well. Drilling rigs with digital control systems that can consistently drill a curve faster, and smoother than a directional driller can, are an example of digitally controlled systems appearing on rigs. New contract terms rewarding service companies for delivering those...
J Pet Technol 72 (01): 17–22.
Paper Number: SPE-0120-0017-JPT
Published: 01 January 2020
... back into the reservoir.” The hydrocarbon gas can then flow to a topside facility. ADNOC To Boost Oil Production from Giant Bab Field Abu Dhabi National Oil Company (ADNOC) has awarded a $489-million engineering, procurement, and construction (EPC) contract to Greek firm Archirodon Construction...
J Pet Technol 71 (11): 36–37.
Paper Number: SPE-1119-0036-JPT
Published: 01 November 2019
.... When the Equinor-led pilot project begins, it will need to make a case for change. “There are nine other operators watching our every move,” she said. The contract to provide a version of Blockchain equipped with the hardware and software needed to bring it all together went to Data Gumbo, which earns...
J Pet Technol 71 (09): 16–24.
Paper Number: SPE-0919-0016-JPT
Published: 01 September 2019
... of reservoir and oil charge in the Agogo megastructure. Data acquired from the well indicate a production capacity of more than 15,000 B/D of oil. • Aramco Advances 550,000-B/D Expansion of Marjan, Berri Fields Saudi Aramco has awarded 34 contracts worth a combined $18 billion for engineering, procurement...
J Pet Technol 71 (06): 34–35.
Paper Number: SPE-0619-0034-JPT
Published: 01 June 2019
... revised terms in its deepwater production-sharing contracts to attract more international participation. “We are quite progressive in terms of attracting investment, and that has brought in some new plays into the space,” he said. Adif believes “there is much potential within the deep waters of Sabah...
J Pet Technol 71 (05): 42–44.
Paper Number: SPE-0519-0042-JPT
Published: 01 May 2019
.... Data’s value depends on how it is used. Having enough of the right data can help engineers find ways to reduce drilling costs, eke out more oil from the ground, or renegotiate a service contract based on productivity rather than the number of days worked. Or it can be stored away and never looked...
J Pet Technol 71 (05): 14.
Paper Number: SPE-0519-0014-JPT
Published: 01 May 2019
... 384 million tonnes by 2020. But LNG buyers and sellers are still struggling with pricing. Gas has generally been sold through long-term contracts because of the absence of a spot trade. LNG has often been sold on oil-indices contracts, but the wide swings in oil prices don’t reflect LNG economics...
J Pet Technol 70 (09): 10.
Paper Number: SPE-0918-0010-JPT
Published: 01 September 2018
... marker. Gas has long been linked to oil prices—which have shown sharp volatility the past decade—and tied to long-term contracts, both of which contain risks for both buyers and sellers. But the increase of LNG exports has opened the door to more international trade and discussion of establishing global...
J Pet Technol 70 (09): 44–46.
Paper Number: SPE-0918-0044-JPT
Published: 01 September 2018
... september 2018 blockchain supplier data gumbo Reynolds Diamond contract Diamond Offshore chief executive officer operator artificial lift system ledger supply chain application software Photo courtesy of Diamond Offshore. CAN PUTTING BLOCKCHAIN ON DRILLING RIGS REALLY GET EVERYONE...
J Pet Technol 70 (08): 24–27.
Paper Number: SPE-0818-0024-JPT
Published: 01 August 2018
... 2018. Copyright is held partially by SPE. Contact SPE for permission to use material from this document. subsea system tight oil asset and portfolio management BHGE structural geology discovery Reservoir Characterization Upstream Oil & Gas Baker Hughes contract volve Drilling...
J Pet Technol 70 (07): 63–64.
Paper Number: SPE-0718-0063-JPT
Published: 01 July 2018
... to pursue CBM production opportunities. The Indonesian government has stipulated in its contracts with these companies that current operations must yield production within a set time frame, highlighting the importance of making such operations cost-effective. Currently, many methods are avail-able to drill...
J Pet Technol 70 (06): 21–25.
Paper Number: SPE-0618-0021-JPT
Published: 01 June 2018
... not be offered after a court determined they would earn more value for the country as part of production-sharing contracts. Those blocks, which garnered strong interest, will be awarded in June. 1 6 2018 1 6 2018 1 6 2018 1 6 2018 2018. Copyright is held partially by SPE. Contact SPE...
J Pet Technol 70 (05): 30–33.
Paper Number: SPE-0518-0030-JPT
Published: 01 May 2018
... information gets shared and with whom. A blockchain entry can include executable computer code that reflects the terms of the contract, creating a smart contract that automatically validates transactions without the need for human intervention. A smart contract selfexecutes code that enables straight-through...
J Pet Technol 69 (12): 47–48.
Paper Number: SPE-1217-0047-JPT
Published: 01 December 2017
.... This document is distributed by SPE with the permission of the author. Contact the author for permission to use material from this document. diesel tariff Upstream Oil & Gas participation contract enhanced recovery Minister operation export power generation production cost interview Service...
J Pet Technol 69 (05): 40–42.
Paper Number: SPE-0517-0040-JPT
Published: 01 May 2017
... Prime Minister Narendra Modi to reduce oil and gas imports by 10% by 2022. To increase the odds of getting bids, operators have been asked to choose the blocks they want included in the bid-ding round to be held later this year. The contracts are based on revamped energy policies designed to eliminate...
J Pet Technol 69 (02): 42–44.
Paper Number: SPE-0217-0042-JPT
Published: 01 February 2017
... wells. All four blocks offered in the deep-water Perdido area were awarded, including two to Chinese Offshore Oil Corporation (CNOOC) and one to a consortium of Chevron, Pemex, and Inpex—Japan’s largest oil company. An additional four blocks in the Salina Basin were contracted to three different...
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