Data analytics collates well completions, improves performance parameters

Multivariate analysis of existing well performance data can outperform the trial-and-error completion-design programs common to many unconventional reservoirs. A recent asset evaluation in the Permian basin-a multiple bench play with different landing depths-proved that shorter frac stages in horizontal wells addressed problems associated with heterogeneity along wellbore lengths. Source: News

Unconventional resources, proving ground for applied analytics

Synergies between data analytics and unconventional exploration and development offer operators a productive future. Exploration companies are adopting an increasingly collaborative mindset among the disciplines employed throughout the life of an oil and gas play. Source: News

S-Oil lets contract for Ulsan integrated refining complex

S-Oil Corp., Seoul, has let a contract to Lloyd’s Register Group Ltd. (LR), London, to provide a fully integrated risk-based inspection (RBI) system for its new $4.2-billion residue upgrading complex (RUC) and olefin downstream complex (ODC) under construction in Ulsan, South Korea. Source: News

EPA, Army propose rescinding controversial WOTUS rule

The US Environmental Protection Agency, Department of the Army, and Army Corps of Engineers (ACE) jointly proposed rescinding the 2015 Clean Water Rule and restoring language that existed prior to the law’s controversial Waters of the US (WOTUS) provision. Source: News

Gazprom Neft acquires stake in Evrotek-Yugra field from Repsol

PJSC Gazprom Neft has acquired a 25.02% stake in Evrotek-Yugra, which is owned by Spain’s Repsol SA and holds exploration and production rights to seven license blocks in the Khanty-Mansiysk autonomous okrug. Source: News

Egdon fighting to develop UK discovery

Egdon Resources PLC, Odiham, UK, is fighting for approval to develop Wressle oil field in the Yorkshire and the Humber region of England. The company said it will appeal a Jan. 11 rejection of its original application by the North Lincolnshire County Council’s Planning Committee after the committee on July 3 also rejected a supplemental […]

Aramco lets $500-million in offshore contracts

Saudi Aramco has let a contract to Saipem for the engineering, procurement, construction, and installation as well as the trunklines and installation works in Saudi Arabia under a long-term agreement in force, renewed in 2015 until 2021. Source: News

Preemptive fantasies

Nothing jeopardizes capital more thoroughly than do-or-die bets on the future of oil. That lesson from history should demolish efforts to make oil and gas companies account today for economic and regulatory conditions years or decades from now. Source: News