We are happy to welcome Dr. Rui He from Southwest Petroleum University, China as a Speaker to our International Conference on Oil and Gas on August 5-6, 2019 Singapore
For more info visit http://bit.ly/OilGas2019
Tuesday, 26 March 2019
Monday, 11 March 2019
Advanced Drilling Techniques
Horizontal Drilling
Horizontal drilling starts with a vertical well that turns horizontal within the reservoir rock in order to expose more open hole to the oil. These horizontal "legs" can be over a mile long; the longer the exposure length, the more oil, and natural gas are drained and the faster it can flow. More oil and natural gas can be produced with fewer wells and less surface disturbance. However, the technology only can be employed in certain locations.
Multilateral Drilling
Sometimes oil and natural gas reserves are located in separate layers underground. Multilateral drilling allows producers to branch out from the main well to tap reserves at different depths. This dramatically increases production from a single well and reduces the number of wells drilled on the surface.
Extended Reach Drilling
Extended Reach Drilling allows producers to reach deposits that are great distances away from the drilling rig. This can help producers tap oil and natural gas deposits undersurface areas where a vertical well cannot be drilled, such as underdeveloped or environmentally sensitive areas. Wells can now reach out over 5 miles from the surface location. Offshore, the use of extended reach drilling allows producers to reach accumulations far from offshore platforms, minimizing the number of platforms needed to produce all the oil and gas. Onshore, dozens of wells can be drilled from a single location, reducing surface impacts.
Complex Path Drilling
Complex Path Drilling creates well paths with have multiple twists and turns to try to hit multiple accumulations from a single well location. Using this technology can be more cost effective and produce less waste and surface impacts than drilling multiple wells.
Horizontal drilling starts with a vertical well that turns horizontal within the reservoir rock in order to expose more open hole to the oil. These horizontal "legs" can be over a mile long; the longer the exposure length, the more oil, and natural gas are drained and the faster it can flow. More oil and natural gas can be produced with fewer wells and less surface disturbance. However, the technology only can be employed in certain locations.
Multilateral Drilling
Sometimes oil and natural gas reserves are located in separate layers underground. Multilateral drilling allows producers to branch out from the main well to tap reserves at different depths. This dramatically increases production from a single well and reduces the number of wells drilled on the surface.
Extended Reach Drilling
Extended Reach Drilling allows producers to reach deposits that are great distances away from the drilling rig. This can help producers tap oil and natural gas deposits undersurface areas where a vertical well cannot be drilled, such as underdeveloped or environmentally sensitive areas. Wells can now reach out over 5 miles from the surface location. Offshore, the use of extended reach drilling allows producers to reach accumulations far from offshore platforms, minimizing the number of platforms needed to produce all the oil and gas. Onshore, dozens of wells can be drilled from a single location, reducing surface impacts.
Complex Path Drilling
Complex Path Drilling creates well paths with have multiple twists and turns to try to hit multiple accumulations from a single well location. Using this technology can be more cost effective and produce less waste and surface impacts than drilling multiple wells.
Source: API Energy
Monday, 4 March 2019
Major Challenges for the Oil & Gas Industry
1. Reducing costs to remain competitive
Producing crude oil and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges. Optimizing production systems and environmental utilities on currently operating sites is, therefore, a priority for the oil industry. This maximizes production efficiency, reduces the costs of extraction and refining and thereby offsets the exploration costs.
2. Improving performance to ensure the valorization of assets
To sustain their supply of crude oil or gas, oil companies are looking to extend the life of mature sites but are also compelled to seek new sources of oil or gas for which extraction, transport, and refining are much more complex and costly. For that, they aim to achieve 100% reliability of their plants: no unplanned shutdowns, increased throughput, secure industrial assets.
3. Improving the Environmental footprint to meet the increasingly stringent standard
The oil and gas industry is a major consumer of water and energy resources and is therefore subject to increasingly stringent environmental standards. This constrains them to rethink extraction, production and distribution methods in order to obtain or maintain their license to operate.
They also have to provide guarantees and ensure transparency in the environmental management of their activities.
Producing crude oil and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges. Optimizing production systems and environmental utilities on currently operating sites is, therefore, a priority for the oil industry. This maximizes production efficiency, reduces the costs of extraction and refining and thereby offsets the exploration costs.
To sustain their supply of crude oil or gas, oil companies are looking to extend the life of mature sites but are also compelled to seek new sources of oil or gas for which extraction, transport, and refining are much more complex and costly. For that, they aim to achieve 100% reliability of their plants: no unplanned shutdowns, increased throughput, secure industrial assets.
3. Improving the Environmental footprint to meet the increasingly stringent standard
The oil and gas industry is a major consumer of water and energy resources and is therefore subject to increasingly stringent environmental standards. This constrains them to rethink extraction, production and distribution methods in order to obtain or maintain their license to operate.
They also have to provide guarantees and ensure transparency in the environmental management of their activities.
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