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Balancing agreement

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Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 6–9, 1991
Paper Number: SPE-22619-MS
... Abstract Selling gas in today's natural gas marketing environment can result in working interest owners becoming imbalanced with respeet to their share of gas in a producing reservoir. To combat this, several gas balancing agreements have been written and are currently in use in the industry...
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Proceedings Papers

Paper presented at the European Petroleum Conference, October 22–24, 1996
Paper Number: SPE-36895-MS
... was important as the Jupiter field's gas has been sold individually by each field owner, and where lifting rights are managed by a gas balancing agreement. Development History Although the Jupiter fields were discovered in the early 1970's, they were not developed. They were considered to be uneconomic...
Proceedings Papers

Paper presented at the European Petroleum Conference, October 25–27, 1994
Paper Number: SPE-28839-MS
... share of gas, a Balancing Agreement was negotiated. (see below). Condensate Sales As with the gas sales arrangements, the differing regimes had a direct impact on condensate sales by the participants. In the Netherlands any participant, who has a refining capacity, has the right to purchase any...
Journal Articles
J Can Pet Technol 28 (01).
Paper Number: PETSOC-89-01-14
Published: 01 January 1989
... of "field price prevailing in the area" is in dispute, an agreement could be entered into to establish a mechanism to determine that price. Gas Balancing If the problem is a deep-rooted dissatis- faction with the "contract-sharing" phi- losophy underlying current operating agreements, a more significant...
Journal Articles
SPE Res Eval & Eng 23 (02): 606–626.
Paper Number: SPE-195930-PA
Published: 14 May 2020
... was used to estimate the LFP ( x f k i  = 41.3 ft-md 0.5 ), whereas the x ‐intercept of a line fit to the flowing‐material‐balance data was used to estimate OOIP (= 251,800 STB). Both parameter estimates are in excellent agreement with model input ( x f k i  = 41.3 ft-md...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, September 30–October 2, 2019
Paper Number: SPE-195930-MS
... for low permeability (unconventional) reservoirs. A log-log plot of CFIP versus material balance time (for liquids) or material balance pseudo-time (for gas) is created, which typically exhibits power-law behavior during transient flow, and reaches a constant value (original fluid-in-place, OFIP) during...
Proceedings Papers

Paper presented at the SPE Improved Oil Recovery Conference, April 25–29, 2022
Paper Number: SPE-209456-MS
... developed was able to describe experimental data with good agreement both in the presence and absence of oil. In the presence of residual oil, all other foam parameters needed for the population balance model were fixed except the generation constant. The results demonstrate that the "hindered snap-off...
Journal Articles
J Pet Technol 72 (07): 14–16.
Paper Number: SPE-0720-0014-JPT
Published: 01 July 2020
...Lynnmarie P. Flowers Price-Plunge Fallout: Let’s Make a Deal Lynnmarie P. Flowers, Technology Editor In efforts to preserve cash and repair busted balance sheets in reaction to depressed prices, companies are continuing to withdraw capital and curtail investments worldwide. Oil and gas companies...
Proceedings Papers

Paper presented at the Oil and Gas Economics, Finance and Management Conference, June 8–9, 1994
Paper Number: SPE-28209-MS
... considers the different risks involved in upstream operations and how various contractual and fiscal terms across the world cater for these risks in attempting to ensure a positive risk/reward balance from upstream operations. The emphasis throughout the paper will be on E&P agreements (which cover all...
Proceedings Papers

Paper presented at the Abu Dhabi International Petroleum Exhibition & Conference, November 15–18, 2021
Paper Number: SPE-208166-MS
... energy is expected to increase tenfold before 2040, and even more if the targets of the Paris Agreement are to be achieved ( IEA 2018 ). Shallow coastal waters are particularly suitable and therefore pressure from both means is expected to increase. However, despite recent advances there are some...
Journal Articles
J Pet Technol 73 (10): 13–16.
Paper Number: SPE-1021-0013-JPT
Published: 01 October 2021
... companies in the consortium include Mari Petroleum Company Limited, Oil and Gas Development Company Limited, and Government Holdings (Private) Limited. Under the terms of the agreement, the consortium will hold a 100% stake in the exploration phase, investing up to $304.7 million toward exploration...
Proceedings Papers

Paper presented at the SPE Symposium: Decommissioning and Abandonment, December 3–4, 2019
Paper Number: SPE-199202-MS
... operation expenditure. From an operator's perspective, striking balance between abandonment expenditures asset integrity, regulator's requirement and funding for growth projects is key to ensure safe & reliable operations, sustained growth and profatibility. Sarawak Oil (SK Oil) is a brownfield...
Proceedings Papers

Paper presented at the 2010 SEG Annual Meeting, October 17–22, 2010
Paper Number: SEG-2010-0811
... spatial distribution solid line experimental setup reservoir characterization waveform flow in porous media conversion seg seg denver 2010 experiment interface upstream oil & gas electric potential amplitude electrokinetic theory forward model smeulder excellent agreement...
Proceedings Papers

Paper presented at the CORROSION 2021, April 19–30, 2021
Paper Number: NACE-2021-16812
... the following relevant physicochemical phenomena: • The latest electrochemical CO 2 corrosion model for the bare steel corrosion rate, including the effect of organic acids as a pH buffering agent. • The Fe 2+ flux balance • The condensation rate, condensation regime and condensing droplet size • FeCO 3...
Journal Articles
J Pet Technol 71 (02): 18–27.
Paper Number: SPE-0219-0018-JPT
Published: 01 February 2019
...Matt Zborowski; Trent Jacobs; Stephen Rassenfoss E&P Notes CNOOC, Several International Firms Sign Agreements for Areas Offshore China China National Offshore Oil Corporation (CNOOC) has signed strategic cooperation agreements with nine international firms for two offshore areas in the Pearl...
Proceedings Papers

Paper presented at the SPE Europec, December 1–3, 2020
Paper Number: SPE-200574-MS
.... Every displacement experiment has been performed in both vertical and horizontal positions to emulate water-oil override and underride scenarios. Material balance calculations were performed to validate fluid saturation profiles for all imbibition and drainage experiments every 5 % of the pore volume...
Journal Articles
Journal: SPE Journal
SPE J. 23 (01): 117–127.
Paper Number: SPE-180748-PA
Published: 28 June 2017
... of the front, and, in turn, this heated oil drains away and is responsible for advancing the front. Therefore, the key point in the modeling is to determine the advancing-front movement that satisfies heat and mass balances over the system under equilibrium. In the CVD model, we postulate that the front...
Proceedings Papers

Paper presented at the SPE Europec featured at 79th EAGE Conference and Exhibition, June 12–15, 2017
Paper Number: SPE-185778-MS
... is responsible for heat accumulation ahead of the front and in turn this heated oil drains away and is responsible for advancing the front. Therefore, the key point in the modelling is to determine the advancing front movement that satisfies heat and mass balances over the system under equilibrium. In the CVD...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 26–29, 2020
Paper Number: SPE-201363-MS
..., capacity management, business plan validation, and other business processes. The developed solution can isolate wells, sectors, reservoirs, and/or fields for further evaluation. Given the challenge of balancing market demand with profits and subsurface deliverability, a time-efficient, balanced...

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