LGO announced Wednesday that production has started from a new interval in well GY-671 on the Goudron field in Trinidad.
A total of 208 feet of perforations were added to the well’s Upper C-sand reservoir after setting a packer to isolate this zone. This particular sandstone interval had previously not been completed in any of the surrounding wells. After initial clean-up operations, the well flowed at rates of up to 240 barrels oil per day, before being choked back to a natural stabilized flow rate of 80 bopd.
The well will now remain on production, complementing the base level of production on the field which averaged 403 bopd during March.
LGO's Chief Executive, Neil Ritson, commented in a company statement: "We are delighted to have located a number of low cost recompletions at a time when the company remains capital constrained, but when oil prices have stabilized and we can take advantage of reduced overriding royalty rates granted recently.
“Well GY-671 is the first of at least six candidate wells to be targeted to boost production and we are hopeful we will be able to report further significant improvements as a result of these operations. The next well is GY-50 which is expected to be completed next week over a 164-foot interval of previously unexploited net oil pay in the Goudron Sandstones."
迪拜供应局(DUSUP)向外宣称已经从Centrica公司和Gazprom公司购买三货船的LNG。
路透社报道,其中两货船LNG将由Centrica提供,而另一船LNG则由Gazprom提供。
根据计划,这批LNG的运送时间为五月到七月。石油圈原创www.oilsns.com
DUSUP已经租用了Excelerate Energy公司旗下的FSRU Explorer号(浮式储油再气化装置)。2015年,FSRU Explorer号装备升级,再气化能力从690百万立方英尺/天上升到10亿立方英尺/天。
来自/LNG World News 4月27日消息 编译/赵宁
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Dubai Supply Authority (DUSUP) has reportedly bought three cargoes of liquefied natural gas from Centrica and Gazprom.
Two cargoes will be supplied by Centrica while one LNG cargo will be supplied by Gazprom, Reuters reported.
All three cargoes are scheduled for delivery from May through July.
DUSUP has chartered the FSRU Explorer from Excelerate Energy, through a long-term time charter party.
The vessel was upgraded during 2015 when its regasification capacity was increased from 690 MMcf/d to 1 Bcf/d enabling DUSUP to import more LNG cargoes during a year.
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HOUSTON --- 专业油井诊断公司EV已经收购油井整合软件供应商Epidote有限公司。
EV是井下成像领域的佼佼者,在Norwich和Aberdeen都设有总部,共有120名雇员。目前,EV还在不断扩张,在35个国家进行商业活动。通过此次收购,EV将获得Epidote的全部所有权。
Epidote位于Aberdeenshire郡,成立于1999年,所产MIPS软件可以进行多指触控式井径仪数据处理、解释和3D可视化。结合使用EV所产的记录示波仪,可以实时传输数据并再现测井记录,从而降低油井诊断的不确定性。此外,单趟运行即可获取数据,从而提升工作效率,减少停机时间。
EV创始人兼技术总裁Jonathan Thursby表示:“这次收购让增强了EV的综合能力,并让EV有望为顾客提供独一无二的优质服务。我们相信这次收购对双方都十分有利,我们不仅共享技术,还同样渴望成功。”石油圈原创www.oilsns.com
Epidote创始人兼总经理Steve Helmore称:“这次收购标志着Epidote的改变。我们已经和EV合作了许多年,而此次收购让我们之间的关系更加密切,这让我们甚感欣慰。”
来自/World Oil 4月27日消息 编译/赵宁
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HOUSTON -- Specialist in well diagnosis, EV, has announced the acquisition of Aberdeenshire-based well integrity software supplier, Epidote Limited, to enable a world-class well diagnosis service.
The acquisition results in EV taking full ownership of the company and its five employees.
Epidote was established in 1999, its MIPS software providing multi-finger calliper data processing, interpretation and 3D visualization.
When combined with EV’s cameras, data can be streamed in real time and played back on log data, eliminating the uncertainty of well diagnostics. Additionally, data can be sought in one run as opposed to multiple, resulting in faster, better quality decisions and reduced downtime.
Jonathan Thursby, EV founder and chief technical director, said: “The agreement opens up many new and exciting possibilities for EV, allowing us to enhance our capabilities and present a unique and sound offering that is unavailable elsewhere.
“We are confident that this considered move will be hugely beneficial for both companies. Together, we share not only unparalleled technical knowledge for the provision of thorough well diagnostics, but also an appetite for success, ambition and drive.
“Ultimately, the deal allows us to further underpin our position as world leaders in downhole diagnostics.”
Steve Helmore, founder and MD of Epidote Limited, said: “The acquisition marks a step change for Epidote. We’ve been working with EV for a number of years, and we are excited about this positive move to cement our relationship with an exceptionally successful company - the expertise of which complements our offering.
“We’ve been delivering international projects for some time, and having access to both EV’s global sales team and customer base will really allow for the broadening of our horizons, both globally and technically.”
EV is the market leader in downhole video applications, splitting its headquarters between Norwich and Aberdeen, and has a team of 120 employees. EV continues to expand and currently operates in more than 35 countries, having 22 locations around the world, including Canada, U.S., Latin America, Europe, Africa, the Middle East and South East Asia. EV is backed by UK mid-market private equity house Dunedin.
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HOUSTON --- TIW UK公司和Total E&P UK公司续约三年。根据合同规定,TIW UK将为Total E&P UK即将在北海地区开始的钻井项目提供尾管悬挂器产品及服务。
TIW UK 区域经理Matthew Gray表示: “TIW与Total一直保持着长期的合作关系,很高兴能和Total续约,TIW将在接下来的三年继续为Total提供优质的设备、支持和方案。”
来自/World Oil 4月26日消息 编译/赵宁 石油圈原创www.oilsns.com
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HOUSTON -- TIW UK Limited has signed a three-year contract extension with Total E&P UK. This agreement is focused on the supply and rental of liner hanger products and services for their upcoming drilling projects within the North Sea.
“TIW has had a long-standing relationship with Total and is delighted to secure this contract extension,” said Matthew Gray, TIW UK district manager. “We are looking forward to continue building on our long relationship with Total, and to continue delivering quality equipment, support and solutions to their operations over the next three years.”
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Ocean Rig UDW是一家国际性深水钻井承包商。周一,Ocean Rig UDW发布消息称:Ocean Rig旗下的一家子公司以6500万美元的价格在一场拍卖会中购得Cerrado号第六代深水钻井船。
Cerrado号是一艘二手钻井船,Samsung Heavy Industries在2011年生产了该钻井船,因此该船与Samsung所产其他第六代钻井船具有相似的设计规格,Cerrado号将被重新命名为Ocean Rig Paros号深水钻井船。
Ocean Rig旗下的另一家子公司曾为前船主管理该钻井船。石油圈原创www.oilsns.com
来自/Rig Zone 4月27日消息 编译/赵宁
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Ocean Rig UDW Inc., a global deepwater drilling contractor, reported Monday that one of its subsidiaries has acquired the 6th generation ultra deepwater drillship Cerrado in an auction for $65 million, with the purchase to be funded with available cash on hand.
The drillship, which will be renamed the Ocean Rig Paros (UDW drillship) upon its delivery to Ocean Rig, was built at Samsung Heavy Industries in 2011 to similar design specifications as the firm’s existing 6th generation drillships built at Samsung. The drillship acquisition is expected to close upon completion of the judicial auction procedure.
Another Ocean Rig subsidiary has acted as the manager of the drillship for its previous owners.
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英国MIDDLESBROUGH --- Maersk Oil公司已和专业信息管理公司Datum360签订了一项为期四年的合同。根据合同规定,Datum360将为Maersk Oil的Culzean开发项目提供SaaS(“软件服务”)。
该SaaS模式的关键部分PIM360将成为Culzean工程数据管理的核心。
Datum360软件一直被用来发布、维护和制造标签以及设定产品规格,软件可以跟踪所有平台和钻井船上的工作。
对于运营商而言,使用整合模式是最巧妙、最经济的选择。这种模式不仅可以提升数据的一致性,而且可以提高总体生产效率,为客户提供一种更加规整的方法去管理大批量的项目信息。
除了使用Datum360提供的DMaaS(“设备管理服务”),Maersk还雇佣Datum360为公司数据控制处理提供建议,并对职工进行工程信息系统类培训。
Datum360 联合创始人兼执行总裁Steve Wilson表示:“据估计,一位工程师要花费60%以上的时间整合海上石油平台以及钻井船的相关数据。如果他们所使用的这些系统无法连接在一起,那么时间就被彻底浪费掉了。我们为自己的SaaS模式感到骄傲,该模式在几天之内即可正常运营,并且花费比运营商的预算少10倍。”石油圈原创www.oilsns.com
来自/World Oil 4月26日消息 编译/赵宁
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MIDDLESBROUGH, United Kingdom -- Maersk Oil has awarded information management specialist Datum360 a four-year contract to implement Software as a Service (SaaS) solutions for the Culzean development in the UK North Sea.
The key component of the solution—PIM360—will be at the center of Culzean’s engineering data management.
Datum360 software has been used for the issuing, maintenance and creation of a tagging and numbering specification together with the matching of these to specific documents which will capture work completed on all the platforms and vessel.
Using an integrated solution is the smartest and most economically advantageous way that owner operators should work. Not only does it enhance the consistency of data, but it also increases overall productivity and creates a more structured approach to managing vast amounts of project information.
As well as implementing Datum360’s DMaaS (Data Management as a Service), Maersk has also used the company to advise its data control center on processes and software and currently to train staff on engineering information systems.
“It is estimated that up to 60% of an engineer’s time can be spent moving and organizing data on major assets like offshore oil platforms and vessels. If the systems they use are cobbled together, ineffective and or simply don’t interlink then this time is completely wasted,” Steve Wilson, CEO and co-founder of Datum360, said. “We pride ourselves on the speedy deployment of off the shelf SaaS solutions that can be operational within days and cost as much as ten times less than the fees that owner operators have previously had to budget for.”
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BP Kicks Off Earnings Season For The Majors. BP lowered its 2016 Capex to $17 billion from $17-$19 billion and said it could be lowered further in 2017- to $15-$17 billion- if oil prices remain depressed. Due to these cost cuts, BP said it can breakeven at $50-$55/bbl prices next year, down from the $60/bbl it previously forecast. [Oilpro]
Permian-Focused Pioneer Produces More. The Permian-focused company expects to deliver production growth of 12%+ in 2016 compared to the Company’s previous production growth target of 10%; the higher forecasted growth rate reflects improving Spraberry/Wolfcamp well productivity. [Pioneer Natural Resources]
Husky Selling Part Interest In Midstream Assets For C$1.7 Billion. Husky Energy said on Monday it will sell 65 percent ownership in select midstream energy assets in Canada to Cheung Kong Infrastructure Holdings Ltd (1038.HK) and Power Asset Holdings Ltd (0006.HK) for C$1.7 billion ($1.34 billion). [Reuters, Oilpro]
"A New Era" For Swift Energy As It Emerges From Bankruptcy. Eagle Ford-focused Swift Energy announced Thursday that it has emerged from bankruptcy after completing its final restructuring. The company filed for Chapter 11 bankruptcy in January after cutting its Capex 60% and its workforce by 20%. [Oilpro]
Yemen Retakes Oil Export Terminal From Al Qaeda. Yemeni government forces and allies from the United Arab Emirates took back control of Yemen’s largest oil export terminal from Al Qaeda on Monday, security officials said, a day after routing the militants from their nearby stronghold, the southern port city of Al Mukalla. [New York Times]
Harkand Dive Support Vessels Receive Bareboat Charter Terminations. Oslo-listed Harkand Finance and its bond trustee Nordic Trustee have agreed to terminate the bareboat charters of two of Harkand's dive support vessels after the shipping company's bonds were found to be in default. [Splash 247, Oilpro]
Hamm Endorses Trump For President. After telling the Wall Street Journal on March 4 that he would support Donald Trump for president if he secured the Republican nomination, Continental Resources CEO Harold Hamm officially endorsed the real estate mogul on Friday. [Oilpro]
Petronas Unit To Buy Remainder 50% In JV To Boost Tanker Fleet. MISC, the shipping arm of Malaysia's national oil company Petroliam Nasional Bhd has agreed to buy the remaining 50% stake it doesn't already own in a ship operator for $56.445 million. [asia.nikkei.com, Oilpro]
"No Urgency" To Freeze Production At $45/bbl, Indonesia's OPEC Governor Says.Indonesia's OPEC Governor said Monday that $45/bbl oil was "not bad" and that if prices remained at that level there wouldn't be an urgency to act on an oil production freeze deal. [Oilpro]
Hercules Offshore In Danger Of Plunging Back Into Bankruptcy. Houston-based offshore drilling company Hercules Offshore is in danger of falling into bankruptcy for the second time in less than a year, according to Bloomberg. [Splash 247, Oilpro]
英国石油巨头BP公司已经获得挪威石油安全署(PSA)批准,延长Ula石油出口输送管道运营期限。在生产许可证截止日期2028年12月31日之前,BP可以一直运营该管道。
Ula油田位于北海海平面70米以下,地处Ekofisk油田的西北偏北方向。
Ula油田所产石油通过20”的管道出口到Teeside,途经Ekofisk油田。所输送气体将会被再次注入储油层以提高原油采收率。
Ula---Ekofisk出口管道安装于1984年,从1986年开始作业,计划作业期限为30年,管道共长74千米,位于挪威海域。石油圈原创www.oilsns.com
来自/Offshore Energy Today 4月26日消息 编译/赵宁
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British oil giant BP has received consent from the Petroleum Safety Authority (PSA) to extend the operating life of the Ula oil export pipeline located offshore Norway.
The offshore safety authority has now given BP consent to operate the pipeline until the production licence expires on December 31, 2028.
The Ula oil field is located in the North Sea, NNW of the Ekofisk field, in about 70 metres of water. It consists of three conventional steel facilities.
The oil from the Ula field is exported through a 20” pipeline via Ekofisk to Teeside. All gas is re-injected into the reservoir to enhance recovery of oil.
The export pipeline from Ula to Ekofisk was installed in 1984 and commissioned in 1986, with a planned operating life of 30 years. The pipeline is 74 km long.
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Brian Chang现已生产了世界上最大的船舶起重机,测试载荷25000吨。该船舶起重机名为“Taisun”,是该公司与Huisman Equipment B.V.合作设计而成,由烟台造船厂建造,用于升举大型半潜式钻井平台的甲板箱,承载重量在14000吨到18000吨之间。
Brian Chang是烟台造船厂的创始人兼董事长,四年前,该造船厂部分卖给了中国国际海运集装箱有限公司。同时Brian Chang开创先河,申请了单立柱平台自拆装技术专利,用于海上油气行业建设。该平台适用于500英尺水深,目前中国蓝岛造船厂负责平台的建造工作。
来自/Rigzone 4月26日消息 编译/张弘引石油圈原创www.oilsns.com
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Singapore-based Calm Oceans Pte Ltd. reported Monday that Brian Chang, the owner of the compan, has begun developing 2 Heavy-Lift Semisubmersibles suitable for the construction and the decommissioning of offshore platforms. Each vessel is designed to lift 7,500 metric tons with two cranes onboard. The construction period will be 30 months.
Brian Chang has built the largest shipyard crane in the world and tested at 25,000 metric tons. The largest shipyard crane, named the “Taisun”, was designed in cooperation with Huisman Equipment B.V. and was built by Yantai Raffles Shipyard. It had been used to lift the deck boxes of many large semisubmersible drilling-rigs and held the record of most lifts between 14,000 metric tons to 18,000 metric tons.
Brian Chang was the founder and owner of Yantai Raffles Shipyard then until the Shipyard was sold some four years ago to CIMC of China. Meanwhile, Brian Chang, through Calm Oceans, has pioneered the patented MCP (Mono Column Platform) Self Installing and Self Removable Offshore Platform for the offshore oil and gas industry. The MCP, suitable for 500 feet water depth, is being built at Blue Island Shipyard in China
泰国PTT公司和韩国KOGAS公司达成协议,在LNG价值链领域进行相关合作。
PTT周二发表声明称:两家公司是亚洲最大的LNG购买商,将会寻找与LNG供应链相关的投资机会,并将共同合作以保证LNG的持续供应。
泰国矿物燃料部(DMF)今年年初发布通知称:政府正在与PTT进行协商,把泰国湾的天然气产量从280,000万立方英尺/日降低到250,000万立方英尺/日,以保护不断锐减的资源。
DMF称:由近期全球天然气价格下跌,进口LNG价格与泰国湾天然气价格已经十分接近,所以进口LNG十分具有吸引力。因此,泰国计划减少泰国湾的天然气产量,并通过进口LNG满足国内需求。
泰国第二大LNG接收站每年可输送500万吨LNG,预计从下一年开始作业。Map Ta Phut LNG接收站已经开始作业,每年可输送500万吨LNG,PTT计划将该LNG接收站的LNG年输送量提升至1000万吨。石油圈原创www.oilsns.com
来自/Natural Gas Asia 4月26日消息 编译/赵宁
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Thailand’s PTT Public Company Limited and KOGAS have signed an agreement to cooperate in the LNG value chain.
The two companies are top LNG buyers in Asia and would explore investment opportunity in LNG supply chain as well as look to secure LNG supply, PTT said in a statement Tuesday.
Thailand plans to cut natural gas production in Gulf of Thailand and rely on LNG imports to meet domestic demand.
A note published by country’s Department of Mineral Fuels (DMF) earlier this year stated that talks are on with PTT to reduce gas production capacity from Gulf of Thailand from 2,800 million cubic feet per day to 2,500 million cubic feet per day. The move is aimed at preserving the resources which are fast depleting.
DMF said that recent drop in global gas prices has made it very attractive to import LNG as spot prices are now very close to the price of gas produced in Gulf of Thailand.
Thailand’s second LNG terminal with a capacity of 5 mtpa is expected to come online next year. The Map Ta Phut LNG receiving terminal is already operational and also has a capacity of 5 mtpa. PTT has plans to increase this capacity to ten mtpa.
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CARACAS, April 26 (Reuters) - Venezuela has proposed that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination," according to a letter from the South American country's oil minister to the Qatari energy minister, who is also the current OPEC president.
A deal to freeze oil output by OPEC and non-OPEC producers fell apart in Doha this month. Price hawk Venezuela had been pushing for a deal to boost prices and is now trying to revive negotiations.
In a letter to Qatar's Mohammed al-Sada dated April 21, Del Pino floats the idea that major oil producers who attended the Doha conference attend the Vienna OPEC Ministerial Conference as observers.
"We formally require of your kind support, as President of OPEC Conference, to activate mechanisms for consultations among all OPEC Member Countries," reads the letter, seen by Reuters.
Venezuelan Oil Minister Eulogio Del Pino told Reuters on Tuesday that "we've formally proposed to continue Doha discussions in Vienna."
Overcoming tensions between OPEC's de facto leader Saudi Arabia and Iran will be a tall order, however.
Earlier this month, Saudi Arabia surprised markets by saying it wanted all members of the Organization of the Petroleum Exporting Countries to take part in the planned output freeze, including Iran, which was absent from the talks.
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Energean Completes Seismic Survey Onshore Egypt Ahead of Drilling
Energean Oil & Gas has completed a new 2D seismic survey over the West Baliana interior rift basin in the Northern region of the West Komombo-Block 3 concession area, onshore Egypt.
The survey, which lasted three months and was conducted by Africa Geophysical Services LLC, was conducted ahead of two exploration wells that are planned for drilling within 2016. Preliminary processing results and interpretation showed “well pronounced prospective structure developments within the well identified interior rift system at the northern part of the concession,” according to a company statement from Energean.
The study over the Sin El Kaddab interior/Lacustrinal Rift System at the southern part of the concession showed a “well-developed thick sedimentary sequence, partially deeper than the adjacent oil producing Komombo rift system,” and one “large prospective structure” was seismically mapped over a deep seated paleo-Magnetic four-way dip closure.
Located in the South Central Desert in Upper Egypt, the West Komombo block covers an area of 8,088 square miles and has a geological structure similar to the neighboring Al Baraka oil field, where international oil companies have been producing hydrocarbons for several years.
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KeyBanc Capital Markets的一位分析师Robin Shoemaker在周日写给投资者的报告中称:延迟发布第一季度财报意味着收购的取消。
来自/Worldoil 4月26日消息 编译/吴海君
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HOUSTON (Bloomberg) -- A delay in releasing Halliburton Co.’s first-quarter earnings has raised analysts’ doubts over the prospects for a takeover of rival Baker Hughes Inc.
The release of a full earnings report is postponed to May 3 from April 25, Houston-based Halliburton said in statement released after the close of regular trading Friday. Halliburton cited the upcoming deadline to complete the Baker Hughes deal by the end of this month for the delay. Representatives for Halliburton and Baker Hughes each declined to comment on what the delay could mean for the deal.
The postponement is a signal that one or both of the companies may terminate the merger once it expires April 30, Brad Handler, an analyst at Jefferies, wrote Sunday in a note to investors.
The company announced the Baker Hughes takeover in November 2014 in a deal now worth about $25 billion in a bid to better compete against industry leader Schlumberger Ltd. The U.S. Justice Department has filed a lawsuit to stop the merger on concern it will harm competition.
The unexpected delay in the first quarter earnings release suggests the deal may be called off, Robin Shoemaker, an analyst at KeyBanc Capital Markets, wrote Sunday in a note.
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IRVING, Texas (Bloomberg) -- Pioneer Natural Resources Co. lifted its 2016 production growth target without increasing spending because wells drilled in a West Texas shale field are pumping more crude than expected.
The company said output will grow more than 12% this year, up from an earlier estimate of 10%. Pioneer will hold its full-year capital budget at $2 billion—a 9.1% reduction from 2015—and pay for it with cash flow from oil and gas sales, money it already has in the bank and money received from an earlier property auction, according to a Pioneer release on Monday. Output from shale zones known collectively as the Spraberry/Wolfcamp probably will expand by 33% this year, more than offseting declines in other fields, Pioneer said.
The company’s first-quarter net loss widened to $267 million, or $1.65 a share, from a loss of $78 million, or 52 cents, a year earlier, according to the statement. Excluding one-time items, the per-share loss was 64 cents, compared with the average estimate of a 76-cent loss among 40 analysts in a Bloomberg survey.
During the quarter, Pioneer increased its hedging for 2017 to about 50% of its oil production from 20%, and boosted its natural gas hedges to about 25% of 2017 output from zero.
Pioneer released the statement after the close of regular U.S. equity markets. The shares rose 2.9% to $158 at 4:48 p.m. in New York., extending Pioneer’s year-to-date gain to 26%. That’s more than double the average advance for energy companies in the Standard & Poor’s 500 Index.
Martin Bachmann是Wintershall执委会成员成员,负责欧洲与中东地区的石油勘探开发,他表示:“我们与母公司BASF一起致力于化学提高采收率技术项目的研究,我们很高兴把这方面的专业知识应用到这个联合项目。”
来自/WorldOil 4月26日消息 编译/张弘引
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ST PETERSBURG, Russia -- Gazprom Neft PJSC and Wintershall Holding GmbH have signed a cooperation agreement for conducting research into enhanced oil recovery (EOR), aimed at maintaining or increasing oil production from mature fields.
The companies agreed to launch a joint research and development project that will deploy chemical flooding technology in conjunction with surfactant and polymer solutions, and which will also include the preparation of a related technical feasibility study—a process expected to take several years.
During this period, a joint technical working group will conduct laboratory testing, reservoir modeling and field investigations in order to identify the most suitable combination of surfactant agents and polymers for deployment in Gazprom Neft’s oil fields. If this is successful, the next stage is likely to involve pilot testing.
“Improving the efficiency of the hydrocarbon production is one of the key priorities for Gazprom Neft’s development,” Vadim Yakovlev, first deputy general director of Gazprom Neft, said. “The current stage aims at developing an optimal chemical formula and proving its efficiency during laboratory and field tests. These results will allow our companies to determine the applicability of this technology in mature fields.”
“Together with our parent company BASF, we have been focusing our technology program on the development of chemical EOR capabilities,” said Martin Bachmann, the Wintershall executive board member responsible for E&P in Europe and the Middle East. “We are pleased to bring this expertise to this joint project.
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BP today reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous quarter, lower costs throughout the Group more than offset the impact of significantly weaker oil and gas prices and refining margins.
Bob Dudley, BP group chief executive, said: 'Despite the challenging environment, we are driving towards our near-term goal of rebalancing BP's cash flows. Operational performance is strong and our work to reset costs has considerable momentum and is delivering results. Furthermore, development of our next wave of material upstream projects is well on track.'
The Brent oil marker price averaged $34 a barrel in the quarter, compared with $44 in 4Q 2015 and $54 in 1Q 2015, and refining margins were at the lowest quarterly average for over five years. Brent prices have so far averaged $40 in the second quarter.
'Market fundamentals continue to suggest that the combination of robust demand and weak supply growth will move global oil markets closer into balance by the end of the year,' added Dudley.
BP announced an unchanged dividend for the quarter of 10c per ordinary share, expected to be paid in June.
Underlying operating cash flow2 in the first quarter was $3.0 billion. This excluded $1.1 billion of payments related to the Gulf of Mexico oil spill which were offset by divestment proceeds of $1.1 billion.
Operational performance continued to be strong with reliability of Upstream operated assets and refining availability both at 95%.
Organic capital expenditure in the first quarter was $3.9 billion compared to $4.4 billion in the first quarter of 2015. BP now expects total organic capital expenditure in 2016 to be around $17 billion and, in the event of continued low oil prices, sees flexibility to move to $15-17 billion in 2017.Costs are also reducing; BP's cash costs3 over the last four quarters were $4.6 billion lower than in 2014. BP expects cash costs for 2017 to be $7 billion lower than for 2014.
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First Energy报告指出:“输送肯尼亚石油的管道运输关税可能在乌干达地区高于其他综合输油线路,然而我们相信,肯尼亚地区已探明的石油储量很大,石油产量会超出Tullow Oil和Africa Oil石油公司的预计,因此关税价格较为合理。”石油圈原创www.oilsns.com
目前,乌干达和肯尼亚的商业油气生产尚未开始,预计将在2018年开始生产。
来自/Rigzone 4月25日消息 编译/张弘引
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Uganda has confirmed at a summit in Kampala that it will build a pipeline from Uganda to Tanzania to export its oil, rather than Kenya.
The pipeline, which is expected to cost around $4 billion and create 15,000 jobs, will be around 800 miles long and will connect Uganda's western region near Hoima with Tanzania's port of Tanga, according to a report from the BBC.
The news follows the announcement March 2 that Uganda and Tanzania were planning to build a pipeline spanning across both countries, after the possibility of such a venture was raised last year. France's Total, one of the oil firms developing Uganda's fields, had warned of security concerns on the proposed Kenyan route, according to Reuters. Kenya's oil will be exported through a dedicated pipeline, according to a research note from First Energy.
Following the latest pipeline developments in Uganda and Kenya, First Energy suggested the news was “slightly negative” for companies such as Tullow Oil plc and Africa Oil Corp, which hold licenses across the latter country.
“The pipeline tariff to transport Kenya oil is likely to be higher than with a combined export route with Uganda,” said First Energy in a report sent to Rigzone.
“We however believe that the amount of oil resources discovered in Kenya supports a much larger plateau production than what Tullow and Africa Oil have indicated, likely to imply a reasonable tariff,” the report added.
Uganda and Kenya are yet to start commercial oil and gas production, but expect to do so by 2018.
ISTANBUL, April 24 (Reuters) - Turkey will need to invest $110 billion in energy projects to help it meet its long-stated goal of becoming one of the world's top ten economies by 2023, President Tayyip Erdogan said on Sunday.
Erdogan has championed a number of ambitious goals for Turkey by 2023, the centenary of the founding of the modern Turkish republic, including boosting annual output to $2 trillion from the current $800 billion.
"As we move forward toward our 2023 goals our energy demand will also increase. Our need for energy investment in that regard has been calculated as $110 billion," he said in a speech in southern Turkish city of Adana broadcast live on television.
Turkey, the world's 17th largest economy according to data from the World Bank, imports almost all of its energy needs, at an annual cost of about $50 billion.
Aiming to curb that, Ankara wants at least 5 percent of its electricity generation to come from nuclear power in less than a decade, reducing its dependence on natural gas largely from Russia.