Lundin Petroleum completes Gohta appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 7120/1-4S in the western part of the Gohta discovery in PL492 has been successfully completed. The well was drilled 5.3 km northwest of the original Gohta discovery well.

The main objectives of well 7120/1-4 S, which was operated by Lundin Norway, were to confirm the extent and reservoir properties of the Permian carbonates and to establish the oil-water and gas-oil contacts in the western parts of the structure.

The well encountered 10 metres of Upper Permian limestone conglomerate with good reservoir properties overlying fractured limestones of limited reservoir quality. The conglomeratic interval contained gas condensate and the limestone contained traces of oil but appears to be tight. The depth interval of the oil traces in the appraisal well corresponds with the oil column in the 7120/1-3 discovery well.

High-Pressure BOP Equipment Becoming a Reality

A prototype of the new deep-water 20,000 psi single-cavity blowout preventer (BOP) ram developed by GE Oil and Gas undergoing pressure testing at the company’s laboratory in Houston. The completed BOP stack is expected to weigh 1 million to 1.2 million lbs.

The offshore industry has taken another step toward opening up new deepwater frontiers to exploration, with the first order for a 20,000 psi blowout preventer (BOP) by Maersk Drilling from GE Oil and Gas. The BOP is expected to be delivered in the first half of 2018 and is part of a multi-year collaboration between Maersk and BP to design a new generation of offshore drilling rigs for deepwater basins dubbed “20K rigs.”

The ultimate goal is to enable the development of high-pressure and high-temperature reservoirs with pressures up to 20,000 psi and temperatures as high as 350ºF. The technical limit of the highest rated BOPs in operation today is 15,000 psi and 250ºF. BP believes that with 20,000 psi BOPs and other technologies in development, it will be able to develop fields adding an additional 10 billion to 20 billion BOE across its portfolio.

“GE’s new deepwater BOP system is a key part of Maersk and BP’s strategy to safely expand offshore field development into previously unexplored areas,” said Claus Hemmingsen, CEO of Maersk Drilling. "With its redesigned components, GE’s new BOP technology addresses the needs of drilling companies for BOPs that efficiently operate at extremely high pressures.”

GE is designing, testing, and building the 20,000 psi BOP and risers at the company’s Houston Technology Center in Texas. However, the company said it is drawing on expertise from its global base experts. The new BOP will be rated for depths down to 12,500 ft and features upgraded rams designed for the higher pressures and extreme temperatures. It will also come installed with GE’s latest BOP control system and newly unveiled BOP monitoring and advisement software.

“The 20,000 psi drilling system being developed will include a number of new real-time monitoring and condition-based maintenance technologies aimed at improving uptime by reducing unplanned maintenance,” said Andrew Way, president and CEO of the drilling and surface business at GE Oil & Gas. “From higher performance mechanicals to real-time monitoring and condition-based maintenance systems, this next-generation system can make accessible new offshore drilling frontiers.” 

Source: JPT

Updated E-learning Section with new book.

Two Hand Books on Enhanced Oil Recovery has been added to the E Books Section.

Go through it and download the books.

Thank you (Team PetroInnovation Blog)

                                   Enhanced oil recovery "EOR" 1 - Fundamentals and Analysis 

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                                   Enhanced oil recovery "EOR" 2 - Processes and Operations
                                  
                                                                      Download Here                  

Updated E-learning Section with new book.

A hand Book on Enhanced Oil Recovery has been added to the E Books Section.

Go through it and download the book.

Part 2 of that book will be updated soon ASAP.

Thank you (Team PetroInnovation Blog)

Updated
Download Here

Enhanced oil recovery "EOR" 2 - Processes and Operations
Updated Soon

Frisco Attorney sentenced in oil and gas scheme

Frisco attorney Kelly Gordon Rogers was convicted of first-degree felony theft for stealing $1.3 million from investors in fraudulent oil and gas schemes. He was sentenced to 20 years in state prison on May 28 and ordered to pay a $10,000 fine and $50,000 civil penalty.


Rogers, 55, stole money from investors who purchased royalty interests in non-existent oil and gas drilling projects, according to officials with the Texas State Securities Board. Officials described his victims as an Oklahoma oil and gas investor, two partners in a separate Oklahoma investment company, a neighbor in Frisco, and a longtime acquaintance.


Rogers used the investors’ money for personal expenses and to try to acquire interests in unrelated projects, such as a coal mine in West Virginia, officials said. He shuffled money around to try and keep the scam going, they said.


Rogers has faced other allegations of fraud over the past decade, officials said.


In 2007, the U.S. Securities and Exchange Commission filed a civil injunction against a group of financial companies and promoters that included Rogers who were offering fraudulent high-yield securities offerings.

Oryx Petroleum Corporation Limited announces testing confirms discovery Offshore Congo (Brazzaville)

CALGARY, March 4, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announced that the testing of the E-1 exploration well targeting the Elephant prospect in the Haute Mer A license area in Congo (Brazzaville) confirmed the discovery of natural gas and crude oil previously announced in September 2013. Oryx Petroleum has a 20% participating and working interest in the Haute Mer A license area.

Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer, stated:

"We are pleased with the testing of the Elephant discovery which will serve as a building block for our operations in Congo (Brazzaville). Overall the test results confirmed the previously announced discovery. Moreover, the three DSTs conducted confirmed the excellent reservoir properties of the sand channels as well as some of the fluid characteristics. We look forward to working with our partners to appraise the Elephant discovery and adding to our resource base in the Haute Mer A license area."

Elephant Testing Program and Results

On August 3, 2013, drilling of the E-1 well reached a total depth of 2,497

metres using the Jasper Explorer Drillship in 550 metres of water 80 kilometres offshore Congo (Brazzaville). The E-1 well was targeting a deeper turbiditic Tertiary play similar to the play being exploited in fields adjacent to the Haute Mer A license area, such as the Total operated Moho Bilondo producing field and the Chevron operated Block 14 in Angola. Primary targets for the E-1 well were the N5 and the N3 reservoir intervals in the Miocene Tertiary.

Shwe Natural Gas Project - Offshore Technology

The Shwe natural gas project comprises the Shwe, Shwe Phyu and Mya offshore gas fields located in Blocks A-1 and A-3 of the Bay of Bengal, Myanmar. The project is backed by Myanmar, China and India. It is being developed by a consortium of six companies led by POSCO subsidiary Daewoo International, which is also the operator of the project.

Key players involved in the project are Daewoo International, Myanmar Oil and Gas Enterprise (MOGE), Oil and Natural Gas Corporation (ONGC) Videsh, Gas Authority of India (GAIL), Korean Gas Corporation (KOGAS), and China National Petroleum Corporation (CNPC).

First gas from the Shwe project was achieved in July 2013 from the Mya field and commercial production started in August. The project is expected to be fully operational by mid 2014 and will produce around 500 million cubic feet of gas a day. The gas will be sold to China National United Oil Corporation (CNUOC) for 25 to 30 years.