<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

The new gas reservoir was found by Norway’s Statoil

The new gas reservoir was found by Norway’s Statoil

On 19th March the Norwegian Petroleum Directorate reported that Norway’s Statoil has discovered gas near the Visund field in the North Sea. The discovery is estimated to amount to between 3.2 million and 12.6 million barrels of recoverable oil equivalent.

The wildcat well 34/8/17-S – located on the northeast flank of the Visund field on production license 120 in the northern part of the North Sea – was drilled to prove petroleum in Lower Jurassic reservoir rocks. A secondary exploration target was to prove petroleum in Lower Jurassic and Upper Triassic reservoir rocks.

The well encountered a gross gas column of approximately 102 feet in the Tarbert, Ness and Etive formations in the Middle Jurassic – with around 65 feet being in sandstones of very good reservoir quality.

In the immediately underlying reservoir rocks in the Rannoch formation in the Middle Jurassic, the well encountered an approximate 69-foot petroleum column in sandstones with poor reservoir quality. Traces of petroleum were also encountered in Lower Jurassic sandstones of variable reservoir quality in the Cook formation and in the Statfjord Group. The NPD added that it is unclear whether there is oil or gas in the Rannoch and Cook formations, and in the Statfjord group. Meanwhile, the Lunde formation was found to be aquiferous.

Well 34/8/17-S is the 24th well on production license 120. It was drilled by the COSLPioneer  (mid-water semisub) drilling facility, which is now set to drill a sidetrack well elsewhere on the Visund field.

Photos: statoil.com; Bergen Group

Read more: rigzone.com

18th edition of EuroPower Conference- report

18th edition of EuroPower Conference- report

From the 20th to 21st November the 18th edition of EuroPower Conference took place in Warsaw. For 18 years, the Conference has been the place where people from the energy sector have a chance to meet and discuss. Among invited guests, there are chief executive officers, members of boards and representatives of companies from energy sector. Those guests represent many important Polish companies like: PGNiG, Orlen, GazSystem, PGE, Dalkia Warsaw and many more. This is also the place where authorities from this industry can exchange their knowledge and experience with people who work in the government administration.

The EuroPower Conference was divided into discussion panels. Each one took up relevant topics in terms of energy sector. Speakers received questions from moderator, exchanged opinions with other participants of discussion and also answered questions from the audience. 

The subject of each discussion panel insisted on the energy future of Poland. Participants discussed significant role of coal in energy production. They looked for new solutions related with limitation of fossil fuels contribution. Participants also talked about new technologies which are launched in energy market gradually. They considered possible development of innovations in Poland and discussed potential advantages and disadvantages of launching new products.

The EuroPower Conference was a great opportunity to meet current trends in energy market. It was also an occasion to find out about projects connected with the industry. The Conference helped in better understanding of the Polish energy market and let all participants to come to know about new improvements.  

In 2014 shale gas also in South Africa

In 2014 shale gas also in South Africa

There are some plans to issue licenses permitting exploration of shale-gas reserves in South Africa. Reserves, which are located in the semi-arid Karoo region, are scheduled to exploit in the first quarter of 2014. The country published proposed regulations for hydraulic fracturing on Oct. 15, a year after lifting a ban on the drilling process known as fracking, as it seeks to tap as much as 485 trillion cubic feet of resources in the semi-arid Karoo region. The draft rules require drillers to meet American Petroleum Institute standards governing the type of equipment used and the disclosure of chemicals. The move to pursue exploration follows a shale boom in the U.S., while diverging from policy in France, the Netherlands and Bulgaria where fracking has been restricted or banned in response to public protests.
Royal Dutch Shell and other explorers have applied for permits to explore the Karoo. South Africa, which imports 70 percent of its crude-oil needs, also wants to reduce its heavy dependence on coal usage, which emits greenhouse gases linked to climate change.

Close to 90 percent of the country’s power supply comes from coal-fueled plants. Exploration of shale gas may generate 1 trillion rand ($100 billion) of sales within three decades, helping bring it closer to supplying its own energy demand.

The proposed plans for exploration have been published in South Africa’s government gazette and the public has 30 days in which to comment on them.

Read more:Fuel Fix Rigzone

Photos: wikimedia.org; Affarinternazionali.it

China- the new largest importer of oil

China- the new largest importer of oil

According to research from consulting firm Wood Mackenzie- China is on track to become the world’s largest importer of oil, likely drawing most of its supplies from Middle East producers.

China’s oil imports will rise from a rate of 2.5 million barrels per day in 2005 to 9.2 million barrels per day in 2020. At the same time, U.S. imports will fall from 10.1 million barrels per day in 2005 to 6.8 million barrels per day by 2020, according to the analysis.

The shift would mean a 360 percent jump in Chinese oil imports while U.S. imports would drop 32 percent. China would therefore be spending about $500 million on oil imports annually by 2020, the company said.

Decline in U.S. imports is largely a result of increased production of oil at the same time as new federal vehicle efficiency standards have slashed domestic demand for fossil fuels. With demand for oil falling in the United States and domestic production rising, less oil is needed from other countries.

More details: fuelfix.com

Photos: presstv.ir; Andrew M. Meyers

Atlantic mirror tested by oil explorers

Atlantic mirror tested by oil explorers

BP Plc, ConocoPhillips and Statoil ASA (STL) are among oil explorers investing at least $3 billion in wells off Angola next year in the country’s biggest deepwater drilling campaign.

The companies will drill 20 wells beneath a layer of salt about 3 miles (5 kilometers) under the seabed at a cost of about $150 million each. Shifting rigs from the Gulf of Mexico could add a further $50 million per well.

The drilling will test the industry’s Atlantic mirror theory that there may be huge deposits of oil deep beneath the sea off West Africa similar to those across the ocean in Brazil, where some of the biggest finds of the last decade have been made. Angola hopes it can tap offshore reserves to help it surpass Nigeria and become Africa’s biggest oil producer.

Angola wants to increase output from 1.78 million barrels a day in July to more than 2 million barrels a day in 2017.Petroleo Brasileiro SA, Houston-based Vaalco Energy Inc. (EGY), Repsol SA (REP), Eni SA and Total SA (FP) are among companies slated to drill. Most have commitments to produce seismic imaging and drill two wells by 2016.

Maersk Oil Angola SA has identified five drilling targets across Blocks 8 and 23 with one to be drilled this year and more in 2014. The explorer may sell equity in the blocks, where it currently owns 50 percent of each.

Photos: wikimedia.org; drillingahead.com
Read more: fuelfix.com

 

Norway opens Arctic border area to oil drilling despite protests

Norway opens Arctic border area to oil drilling despite protests

Norway’s Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region.

Most of the Norwegian sector of the Barents Sea, which the Nordic country shares with Russia, is already open to petroleum activities.

But environmentalists and some opposition lawmakers say the risk to Arctic sea ice is higher in a Switzerland-sized area straddling the Russian maritime border, and wanted to make parts of it off limits to oil and gas drilling.

Parliament sided with the government in a vote late Wednesday and opened the entire area to drilling, with the caveat that no activity can take place within 31 miles (50 kilometers) of the ice edge.

Christian Democrat lawmaker Kjell Ingolf Ropstad, who opposed the move, said operations in icy waters are complicated, risky and potentially hazardous to sensitive Arctic ecosystems.

The government says the environmental risks will be managed carefully, noting that Norway does not allow drilling in areas covered by sea ice.
Norway has become one of the world’s richest countries per capita thanks to exports from its offshore oil and gas industry. It’s now moving its search into the Arctic region in a bid to offset declining production in the North Sea.

The slice of the Barents Sea that was opened by Parliament on Wednesday is in an area that was disputed with Russia until the countries signed a maritime border deal in 2010.

Read more: Fuel Fix

Photos : The Johan Castberg project
                 rosneft.ru

 

Another natural gas deposit discovered in Israel

Another natural gas deposit discovered in Israel

Independent exploration and production firm Noble Energy announced on Wednesday that they  made a new deep-water natural gas discovery off Israel.

The company founded by Lloyd Noble is the operator of the license where the Karish well is located, about 20 miles northeast of the Tamar field in the Mediterranean Sea. Noble said the well encountered 184 feet of net natural gas pay.

Discovered gross resources, combined with resources in an adjacent block, are estimated to range between 1.6 trillion and 2 trillion cubic feet of natural gas, the company said.The find marks the seventh consecutive field discovery for Noble Energy and its partners in the Levant Basin of the eastern Mediterranean Sea.

In addition to being the operator, Noble Energy holds a roughly 47 percent stake in the license where the well sits. Avner Oil and Delek Drilling also have stakes.Noble Energy has onshore operations in the U.S. and offshore operations in the Gulf of Mexico, eastern Mediterranean and West Africa.

Read more: Fuel Fix