Shell to Use New AI Technology in Deepwater Oil Exploration
Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition's AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the U.S. Gulf of Mexico. "We are committed to finding new and innovative ways to reinvent our exploration ways of working," Gabriel Guerra, Shell's vice president of innovation and performance, said in a statement. The goal is to improve
Increased Confidence in CO2 Storage
gas from existing activities entering the atmosphere. Carbon dioxide capture and storage (CCS), whereby CO2 is contained at source, transported and ultimately stored away from the atmosphere, is one such strategy. Putting the CO2 back from whence it came, deep beneath the seabed in depleted gas or oil reservoirs, seems a logical solution, but there are challenges. To generate confidence in this approach, a priority is to be able to deal quickly with any leak, should it occur: detect it, to measure its strength and duration, predict any effects it may have on the environment, and seal it if necessary
JRI,MHI, INPEX Tie-up for METI's Feasibility Study
(a kind of chemical absorption process), which uses the high‐performance solvent "KS-1TM " that MHI and the Kansai Electronic Power Company co-developed. EOR(Enhanced Oil Recovery) is the technology that can increase the recovery of crude oil by injecting CO2 and/or chemicals into oil reservoirs. CCS-EOR is the combination of CCS and EOR. *3 Mexico The volume of oil production in Mexico is ranked 10th in the world, yet its production volume is rapidly decreasing after 2004 due to the maturity of major oil fields and the stagnation of new oil field development. Mexico
Petrobras Starts Production on Offshore Rig P-61
centrifugal pumps. The top of the unit (topside) of the P-61 was built in the shipyard Keppel Fels in Singapore. The hull and operation of "mating" (bonding step hull with topside) were completed at the shipyard Brasfels in Angra dos Reis, Rio de Janeiro. The presence of oil reservoirs between 14 and 17 degrees API, combined with the extensive water depth, makes the development of Papa-Terra field is one of the most complex projects of Petrobras, which requires the incorporation of different solutions innovative. Papa Terra field is operated by Petrobras (62.5%), in
Statoil Opens Research Center in Norway
technologies that will lead to further increase of the recovery rate from reservoirs, and to reach the ambition of a 60% recovery rate on the NCS. The main contribution to improved recovery is drilling of new wells and maintenance of existing wells. The more wells we drill, the larger parts of the oil reservoirs we will reach. The IOR center will play a key role in Statoil’s efforts to improve the efficiency of drilling operations. The IOR center will focus on improved recovery from all types of reservoirs on the NCS – old and new. Statoil will also use the technology to improve recovery
Offshore Oil & Gas: Brazil’s Northern Frontier
on a limited scale in these regions for more than a decade. Magda Chambriard, ANP Director, explained that, “The Brazilian equatorial margin basins are classified by the ANP as exploration frontiers and have promising potential for discoveries of turbidite sandstones (formations that form oil reservoirs post-salt) from the Upper Cretaceous, especially in deep water.” Spectrum ASA has been leading seismic surveys in the region for some years now and analysis of the seismic data confirms that prospectivity potential is high because the source rock, the migration to a reservoir rock, and
Aker Completes Well-intervention Services Business Sale
for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year on EQT's equity investment. Aker explain that the business provides services that optimise flows from oil reservoirs. It is strongly positioned within wireline tractor services, which are used to transport well-intervention equipment along horizontal wells, as well as coiled tubing. Its main markets are in the UK and Norway. "The sale is part of a strategy to increase our focus on the deepwater and
Aker Focuses Deepwater: Sells EQT Well Intervention Business
12 percent a year on EQT's equity investment. Aker Solutions will book a gain before any earn-out of between NOK 1.8 billion and NOK 1.9 billion from the transaction, which is predominantly structured as a share sale. Aker explain that the EQT business provides services that optimise flows from oil reservoirs. It is strongly positioned within wireline tractor services, which are used to transport well-intervention equipment along horizontal wells, as well as coiled tubing. Its main markets are in the UK and Norway. Aker Solutions will remain involved in the development of the well-intervention