The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
Petroleum Geo-Services (PGS) announces the TRITON GeoStreamer® Full Azimuth survey, a new solution to complex imaging problems in the deepwater Gulf of Mexico. PGS offer this survey as the next important advance in tailored acquisition design…
Physical modeling of deepwater projects can be a very useful tool. Despite the advent of computer modeling and immersive computer visualization environments, physical 3D models help vessel operators, riggers, and field engineers find potential problem areas and resolve spatial issues…
Shell and Baker Hughes have signed a software license and joint development agreement to produce a high-end platform for geological and reservoir modeling using Baker Hughes’ JewelEarth software. Shell says the new platform will bring enhanced…
Shales are very fine-grained, clastic rocks that lose porosity through compaction. Sedimentary basins typically contain about 70% shale, Figure 1. Quantifying shale properties helps with predrill geologic and seismic interpretation, basin modeling…
CGG announced today that Jason, a CGG company specializing in seismic reservoir characterization software and services, has added a powerful new product, 3D Interpretation, to its reservoir characterization software suite. The new software…
Bredero Shaw has launched a risk-reducing model for offshore pipeline coating projects called Complete Coating Assurance. The model intends to cover a project’s entire lifecycle from concept to pre-feed and commissioning.Complete Coating Assurance…
Landmark Software & Services has acquired the assets of finite element reservoir modeling technology provider Object Reservoir.
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
Norway’s SPT Group is hailing the next-generation release of its reservoir flow model optimization solution, the newly launched MEPO4, as the industry’s first model for rigorous optimization under uncertainty.Removing uncertainty is not possible…
Reservoir complexity and an emphasis on asset integrity have encouraged developers to refine visualization technology for oil & gas applications. OE shares details of a handful of new products that have come across our desk in recent weeks.The…
The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…
Integrating several imaging and modeling technologies can reduce exploration risk. Ian Bryant (Schlumberger) and Paul Xu (formerly of Ipex) present an integrated basin and petroleum system study that predicted many oil and gas accumulations in a relatively unexplored region offshore Brazil…
The overhaul of the reservoir model of the giant Forties oilfield – from data management to full field simulation – is described here by operator Apache North Sea’s Jeffery Pyle and Schlumberger’s Gordy Shanor.Production from the Forties field began in 1975…
Among the greatest uncertainties in future energy supply is the amount of oil and gas yet to be found in the Arctic: the US Geological Survey estimates the region to hold as much as one-fifth of the world's untapped reserves of hydrocarbons…
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