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Producers are feeling the pinch: they’ve got to drill ever more wells to stay ahead of their production declines. Increased production is weighing on crude oil prices – you get the benefit of this supply in resilient markets, but it is shrinking margins and available cashflow to fund this drilling. And at the same time, the financial community is pulling back, restricting access to capital. The industry is reshaping itself yet again in response to new market realities, looking for new ideas and better approaches and operating models.
Collaboration. Scott Singleton, geophysical technology adviser at Independence Resources Management in Houston, wants to underscore that one word. He believes that if there’s a single ingredient to success in unconventional fields – and the one concept from which those in unconventionals have unfortunately moved away – it’s that geologists, geophysicists and engineers have to work together for the benefit of everyone.
The two most compelling words in the Middle East oil industry today might be “natural gas.” And there are other, increasingly important word pairs not usually associated with the Middle East oil industry, like “unconventional resources” and “renewable energy.”
Digital transformation is taking place in oilfields all around the globe, but the Middle East is pursuing it most aggressively. It is estimated that Middle Eastern oil companies have more than doubled their investments in digital technology over the last four years, said Vivek Chidambaram, managing director of Accenture Strategy, a multinational consulting company.
Seismic data are usually contaminated with two common types of noise, namely random and coherence. Such noise, if not tackled appropriately, prevents their accurate imaging. Small-scale geologic features such as thin channels, or subtle faults, etc. might not be seen clearly in the presence of noise. Similarly, seismic attributes generated on noise-contaminated data are seen as compromised on their quality, and hence their interpretation. Noise reduction techniques have been developed for poststack and prestack seismic data and are implemented wherever appropriate for enhancing the signal-to-noise ratio and achieving the goals set for reservoir characterization exercises.
One of the persisting challenges in shale reservoir development is the issue of steep decline curves and poor ultimate recovery of hydrocarbons. Dr. Cemal Saydam, a research biochemist in Turkey has developed a revolutionary new green process that dramatically boosts the production of methane. Welcome to an interview with Dr. Cemal Saydam and Yigit Atamer, who explain the product and the process.
Great breakthroughs have been made in strategic exploration and development of shale oil and gas. To further promote the theoretical research and technological innovation on shale oil and gas exploration and development, AAPG will be holding a GTW in October 2019 in the Dagang Oilfield in Tianjin, China.
Call it an exploration recovery. Call it a rebound. But it feels like the oil and gas industry is returning to health in fits and starts. That could be because the patient was sicker than we realize. Any measure of how far exploration has come back should take into consideration how far back it started.
While oil production has been going strong in Argentina’s Neuquén Basin for the past 100 years, geologists with Shell and YPF say the region’s true hydrocarbon potential has yet to be discovered.
Our industry has been through a lot of changes since 2000, due in no small part to the explosive growth in unconventional oil and gas. Petroleum geologists have had to adapt to this change by learning new skills to keep abreast of the technological changes required to explore and develop unconventional oil and gas resources.
This e-symposium will be introducing signal processing techniques as a means to maximize extracting geomechanical data from petrophysical logs.
Expanded package for CEU credit is $100 for AAPG members, and $145 for non-members. Special Student Pricing: $25 for Webinar only; $35 for Expanded package.
The Niobrara Petroleum System of the U.S. Rocky Mountain Region is a major tight petroleum resource play.
Upon successful completion of this course, you will be able to describe geomechanics in shale reservoirs and discuss differences between plays.
The presentation describes a well established fracture modeling workflow that uses a standard 3D seismic, conventional logs, image logs and data from one core to build predictive 3D fracture models that are validated with blind wells.
This e-symposium will focus on how surface geochemical surveys and Downhole Geochemical Imaging technologies can be utilized jointly to directly characterize the composition of hydrocarbons vertically through the prospect section.
As commodity prices have dropped, many shale plays have become uneconomical as statistical plays and have increasingly become recognized as geological plays demanding new insights from data.
The geochemistry of formation fluids (water and hydrocarbon gases) in the Uinta Basin, Utah, is evaluated at the regional scale based on fluid sampling and compilation of past records.
Production from unconventional petroleum reservoirs includes petroleum from shale, coal, tight-sand and oil-sand. These reservoirs contain enormous quantities of oil and natural gas but pose a technology challenge to both geoscientists and engineers to produce economically on a commercial scale. These reservoirs store large volumes and are widely distributed at different stratigraphic levels and basin types, offering long-term potential for energy supply. Most of these reservoirs are low permeability and porosity that need enhancement with hydraulic fracture stimulation to maximize fluid drainage. Production from these reservoirs is increasing with continued advancement in geological characterization techniques and technology for well drilling, logging, and completion with drainage enhancement. Currently, Australia, Argentina, Canada, Egypt, USA, and Venezuela are producing natural gas from low permeability reservoirs: tight-sand, shale, and coal (CBM). Canada, Russia, USA, and Venezuela are producing heavy oil from oilsand. USA is leading the development of techniques for exploring, and technology for exploiting unconventional gas resources, which can help to develop potential gas-bearing shales of Thailand. The main focus is on source-reservoir-seal shale petroleum plays. In these tight rocks petroleum resides in the micro-pores as well as adsorbed on and in the organics. Shale has very low matrix permeability (nano-darcies) and has highly layered formations with differences in vertical and horizontal properties, vertically non-homogeneous and horizontally anisotropic with complicate natural fractures. Understanding the rocks is critical in selecting fluid drainage enhancement mechanisms; rock properties such as where shale is clay or silica rich, clay types and maturation , kerogen type and maturation, permeability, porosity, and saturation. Most of these plays require horizontal development with large numbers of wells that require an understanding of formation structure, setting and reservoir character and its lateral extension. The quality of shale-gas resources depend on thickness of net pay (>100 m), adequate porosity (>2%), high reservoir pressure (ideally overpressure), high thermal maturity (>1.5% Ro), high organic richness (>2% TOC), low in clay (<50%), high in brittle minerals (quartz, carbonates, feldspars), and favourable in-situ stress. During the past decade, unconventional shale and tight-sand gas plays have become an important supply of natural gas in the US, and now in shale oil as well. As a consequence, interest to assess and explore these plays is rapidly spreading worldwide. The high production potential of shale petroleum resources has contributed to a comparably favourable outlook for increased future petroleum supplies globally. Application of 2D and 3D seismic for defining reservoirs and micro seismic for monitoring fracturing, measuring rock properties downhole (borehole imaging) and in laboratory (mineralogy, porosity, permeability), horizontal drilling (downhole GPS), and hydraulic fracture stimulation (cross-linked gel, slick-water, nitrogen or nitrogen foam) is key in improving production from these huge resources with low productivity factors.
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