Deepwater Flow Assurance – Part 2
Deepwater flow assurance should always be considered from an integrated standpoint, taking into account the well, reservoir, and production angles to make sure the full range of fluid scenarios and compositions are examined, and to avoid costly resampling and re-evaluation after systems are built. Production fluids interact with the reservoir, well, pipeline, surface facilities, and the environment. All these impact flow assurance, leading to potential issues with hydrates, wax, asphaltenes, scales, slugging, emulsion, foam, sand, and corrosion. Deepwater flow assurance requires a full understanding of these interactions and a multi-disciplinary approach to managing them. Modern simulation software allows such an approach to be integrated efficiently into asset team workflows.
Advanced Drilling Technology: Mapping-While-Drilling
Oil and Gas drilling teams usually contend with tight schedules for project developments and this may eventually lead to low quality plans and limited risk assessment, which may cause expensive and potentially dangerous drilling problems, such as, stuck pipes, violent kicks, unproductive time and cost overruns. The introduction of Schlumberger’s reservoir mapping-while-drilling service is enabling drillers to make better decisions in short timeframes and avoid costly mistakes. For the operators, the main benefits from the effective well placement may be maximized production, minimized construction and intervention costs. The process of well placements brings together many different disciplines…
Portuguese Investment in Brazil’s Pre-Salt
Galp Energy, which is Portugal’s major O&G operator, is aiming at increasing its investments in Brazil through acquisition of new block during Petrobras’ pre-salt bidding round next October. Galp is already considered a preferred partner by Petrobras as can be seen by the fact that Galp currently partners Petrobras in four deepwater pre-salt blocks in the Santos Basin, with the biggest blocks being Lula and Cerambi, both large pre-salt plays, which are producing. Earlier this year Galp again partnered Petrobras in acquiring nine blocks in the Parnaíba, Potiguar and Barreirinhas Basin, during the 11th bidding round which mainly encompassed block along Brazil’s Northeast Coast and Equatorial Margin.
A Monster Named Libra
Back in 2009 I asked a good friend of my late father, who happened to be a long time Petrobras geologist, if he really knew the full potential of the pre-salt, after a while he looked up and said no not really, I know there are big fields out there, probably up to 10 billion boe in some reservoirs, possibly much more... Well, Petrobras kept on drilling and when Libra was found northeast of the Lula field (5 to 8 billion barrels boe), in 2010, the expectations ran high. Maybe 3.7 billion boe, maybe 15 billion boe. Probably 7.9, those are the numbers the ANP had in 2010. By May 2011 the ANP was downgrading it to 5 billion barrels boe.
The Toucan and the Dragon
It took a while to happen, but Petrobras and Chinese oil and petrochemical companies finally reached partnership agreements. Considering the scope of the Brazilian pre-salt and the expected growth of the Brazilian O&G market, these partnerships may become vital, as much more investments will be needed along the next 10 years. These partnerships in research and O&G exploration and production have been in negotiations for a long time but it took an official Brazilian delegation, headed by Brazilian President Dilma Rouseff, going to China, in order make it happen. It was a certainty in the market that this partnership would eventually come to be, it was just a matter of when it would happen and what it would encompass.
OGX chooses DecisionSpace Desktop Software
It was recently announced that all of OGX´s geophysical and geological software applications will be moved to Landmark´s DecisionSpace Desktop, which is a Halliburton owned company. "The integration of workflows and data such as rock, logs and seismic across domains in the DecisionSpace Desktop allows us to work more efficiently as we explore for hydrocarbons, improve our asset knowledge, and reduce our exploration risk.", said Marcos Amaral, OGX´s Executive Manager for New Technologies. "DecisionSpace Desktop's unique approach to reservoir description, known as Dynamic GeoModeling, is a no compromise, unified and dynamically updated interpretation and modeling system," said Gene Minnich, vice president of Landmark Software and Services.