An institutional analysis of technological learning in Iran's oil and gas industry: Case study of south Pars gas field development

2017 ◽  
Vol 122 ◽  
pp. 262-274 ◽  
Author(s):  
Mojdeh Mirimoghadam ◽  
Sepehr Ghazinoory
Keyword(s):  
Oil And Gas ◽  
Institutional Analysis ◽  
Oil And Gas Industry ◽  
Gas Field ◽  
Gas Industry ◽  
Field Development ◽  
Technological Learning

Financing Requirements for the Oil and Gas Industry - North America

1988 ◽  
Vol 6 (4-5) ◽  
pp. 317-322
Author(s):  
A.F. Grove
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Field ◽  
Gas Industry ◽  
Field Development ◽  
Energy Company ◽  
Corporate Credit ◽  
Oil And Gas Field ◽  
Good Energy ◽  
Business Acumen

The characteristics of good energy company borrowers are strong management, integrity, diversification, flexibility, a sound financial basis and business acumen. Acceptable reasons for borrowing include requirements for working capital, plant expansion, modernisation, oil and gas field development and the manufacturing of oil tools and related products. Security for loans is based on the company's reserves, the duration of the debt and priority over other indebtedness. Most loans are evaluated on the grounds of general corporate credit, that is, the overall credit standing of the borrower.

scholarly journals Evaluation of Oil and Gas Economy using Economics Profit Indicators and Prototype Macro VBA Excel

2021 ◽  
Vol 1 (1) ◽  
pp. 549-558
Author(s):  
Juwairiah Juwairiah ◽  
Didik Indarwanta ◽  
Frans Richard Kodong
Keyword(s):  
Economic Analysis ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Development Project ◽  
Economic Indicators ◽  
Gas Field ◽  
Gas Industry ◽  
Field Development ◽  
Oil And Gas Field ◽  
Oil And Gas Sector

The oil and gas sector is an important factor in sustainable development, so it is considered necessary to make serious changes in conducting economic analysis on the oil and gas business. Oil and gas industry activities consist of upstream activities, and downstream activities. Activities in these upstream and downstream operations have high risk, high costs and high technology, so the company continuously tries to reduce the importance of the adverse impact of these risks on the work environment and people. Thus, evaluating the factors that affect sustainable production in this sector becomes a necessity. In this research will be evaluated the economy of the oil and gas field using methods of economic indicators, among others; NPV, POT, ROR, where these factors are estimated in order to be able to estimate the prospects of the oil and gas field so that the decision that the field development project can be implemented or cannot be taken immediately. Implementation of oil and gas field economic evaluation in this study using Macro VBA Excel. From several methods of economic analysis obtained that the results of this study show high precision compared to other methods, in addition to the way of evaluation using the above economic indicators is very popular.

3D Seismic Data Design, Acquisition and Interpretation of Kolmani Exploratory Field, Upper Benue Trough, Gongola Basin; Nigeria

2021 ◽  
Author(s):  
Usman Abdulkadir ◽  
Jamaluddeen Hashim ◽  
Ajay Kumar ◽  
Umar Yau ◽  
Akpam Simon ◽  
...  
Keyword(s):  
Seismic Data ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Data Sets ◽  
Gas Field ◽  
Gas Industry ◽  
Subsequent Formation ◽  
Benue Trough ◽  
Field Development ◽  
Improve Design

Abstract In an Oil and Gas field development plan, identifying appropriate reservoir location of a field and deciding the best design strategy as well as meeting the economic hydrocarbon viability are imperative for sustainability. 3-Dimensional seismic data have become a key tool used by geophysicists in the Oil and Gas industry to identify and understand subsurface reservoir deposits. In addition to providing excellent structural images, the dense sampling of a 3D survey can sometimes make it possible to map reservoir quality and the distribution of Oil and Gas. Primarily, Seismic data sets were retrieved from the ongoing Kolmani exploratory work of upper Benue trough, bordering Gombe-Bauchi communities of Nigeria and Simulation study from improve design was conducted using PETREL and SURFER software's to obtain numerous coordinates from the source and receiver lines respectively and subsequent formation of strategic-designs that shows different arrangements of the prospect area, an interpretation of the acquired data sets that indicates the reservoir location appropriately and probable onset of drilling spot. The well to seismic was also merged using synthetic seismogram that shows the location of reservoir (s) from the seismic data obtained and four different wells with anticipated depths respectively. The overall aim of the whole design and simulation studies is to aid petroleum Geologist and Geophysicists avoids common pit falls by reducing dry holes and increasing the overall number of productive wells prior to actual commencement of drilling in this prospect area and elsewhere.

Value Co-Creation Practices in the Decommissioning of Offshore Platforms: A Case Study Approach

2021 ◽  
pp. 239496432110320
Author(s):  
Francesca Loia ◽  
Vincenzo Basile ◽  
Nancy Capobianco ◽  
Roberto Vona
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Future Research ◽  
Offshore Platforms ◽  
Gas Industry ◽  
Study Approach ◽  
Collaborative Interactions ◽  
Exploratory Approach ◽  
Italian Context

Over the years, value co-creation practices have become increasingly more important by supporting collaborative interactions and the achievement of sustainable and mutual competitive advantage between the ecosystem’ actors. In this direction, the oil and gas industry is proposing a sustainable re-use of offshore platforms based on value co-creation and resources exchange between the actors involved. According to this consideration, this work aims at re-reading the decommissioning of offshore platforms in the light of value co-creation practices, trying to capture the factors that governments and companies can leverage to pursue a sustainable development of local communities. To reach this goal, this work follows an exploratory approach by using, in particular, the case study. Specifically, one of the most notably projects in the Italian context have been chosen, the Paguro platform, in order to provide empirical insights into the nature of these value co-creation processes. Five value co-creation practices have been identified which highlight the importance of synergistic efforts of institutions, companies and technology-based platforms for improving the ability to co-create and capture value in the process of decommissioning. This exploratory work establishes a foundation for future research, and offers theoretical and managerial guidance in this increasingly important area.

Abandonment Best Practices in Unitised Area for Wells and Facilities Straddling Two Countries in Malay Basin: A Case Study

2021 ◽  
Author(s):  
Kumar Nathan ◽  
M Arif Iskandar Ghazali ◽  
M Zahin Abdul Razak ◽  
Ismanto Marsidi ◽  
Jamari M Shah
Keyword(s):  
Oil And Gas ◽  
Late Life ◽  
Cost Effective ◽  
Successful Outcome ◽  
Maintenance Cost ◽  
Gas Field ◽  
Field Development ◽  
Host Government ◽  
Cycle Oil

Abstract Abandonment is considered to be the last stage in the oil gas field cycle. Oil and gas industries around the world are bounded by the necessity of creating an abandonment program which is technically sound, complied to the stringent HSE requirement and to be cost-effective. Abandonment strategies were always planned as early as during the field development plan. When there are no remaining opportunities left or no commercially viable hydrocarbon is present, the field need to be abandoned to save operating and maintenance cost. The cost associated on abandonment can often be paid to the host government periodically and can be cost recoverable once the field is ready to be abandoned. In Malaysia, some of the oil producing fields are now in the late life of production thus abandonment strategies are being studied comprehensively. The interest of this paper is to share the case study of one of a field that is in its late life of production and has wells and facilities that planned to be abandon soon. The abandonment in this field is challenging because it involves two countries, as this field is in the hydrocarbon structure that straddling two countries. Series of techno-commercial discussion were held between operators of these two countries to gain an integrated understanding of the opportunity, defining a successful outcome of the opportunity and creating an aligned plan to achieve successful abandonment campaign. Thus, this paper will discuss on technical aspects of creating a caprock model, the execution strategies of abandoning the wells and facilities and economic analysis to study whether a joint campaign between the operators from two countries yields significantly lower costs or otherwise.

Utilizing Pseudo Well Connections to Simulate Multi-Stage Hydraulic Fracturing - Example Based On the Study of a Tight Gas Asset

2021 ◽  
Author(s):  
Aamir Lokhandwala ◽  
Vaibhav Joshi ◽  
Ankit Dutt
Keyword(s):  
Hydraulic Fracturing ◽  
Oil And Gas ◽  
Flow Simulation ◽  
Oil And Gas Industry ◽  
Development Plan ◽  
Hydraulic Fractures ◽  
Tight Gas ◽  
Gas Field ◽  
Field Development ◽  
Fracture Modeling

Abstract Hydraulic fracturing is a widespread well stimulation treatment in the oil and gas industry. It is particularly prevalent in shale gas fields, where virtually all production can be attributed to the practice of fracturing. It is also used in the context of tight oil and gas reservoirs, for example in deep-water scenarios where the cost of drilling and completion is very high; well productivity, which is dictated by hydraulic fractures, is vital. The correct modeling in reservoir simulation can be critical in such settings because hydraulic fracturing can dramatically change the flow dynamics of a reservoir. What presents a challenge in flow simulation due to hydraulic fractures is that they introduce effects that operate on a different length and time scale than the usual dynamics of a reservoir. Capturing these effects and utilizing them to advantage can be critical for any operator in context of a field development plan for any unconventional or tight field. This paper focuses on a study that was undertaken to compare different methods of simulating hydraulic fractures to formulate a field development plan for a tight gas field. To maintaing the confidentiality of data and to showcase only the technical aspect of the workflow, we will refer to the asset as Field A in subsequent sections of this paper. Field A is a low permeability (0.01md-0.1md), tight (8% to 12% porosity) gas-condensate (API ~51deg and CGR~65 stb/mmscf) reservoir at ~3000m depth. Being structurally complex, it has a large number of erosional features and pinch-outs. The study involved comparing analytical fracture modeling, explicit modeling using local grid refinements, tartan gridding, pseudo-well connection approach and full-field unconventional fracture modeling. The result of the study was to use, for the first time for Field A, a system of generating pseudo well connections to simulate hydraulic fractures. The approach was found to be efficient both terms of replicating field data for a 10 year period while drastically reducing simulation runtime for the subsequent 10 year-period too. It helped the subsurface team to test multiple scenarios in a limited time-frame leading to improved project management.

Challenges of Developing Marginal Fields in the Current Climate of Oil and Gas Industry

2021 ◽  
Author(s):  
Amina Danmadami ◽  
Ibiye Iyalla ◽  
Gbenga Oluyemi ◽  
Jesse Andrawus
Keyword(s):  
Oil And Gas ◽  
Dynamic Environment ◽  
Poor Performance ◽  
Oil And Gas Industry ◽  
Economic Benefits ◽  
Gas Industry ◽  
Field Development ◽  
Quality Technology ◽  
Indigenous Participation ◽  
Marginal Field

Abstract Marginal field development has gained relevance in oil producing countries because of the huge potential economic benefits it offers. The Federal Government of Nigeria commenced a Marginal Fields program in 2001 as part of her policy to improve the nation’s strategic oil and gas reserves and promote indigenous participation in the upstream sector. Twenty years after the award of marginal fields to indigenous companies to develop, 50% have developed and in production, 13% have made some progress with their acquisition while 37% remain undeveloped. The poor performance of the marginal field operators is due to certain challenges which have impeded their progress. A review of challenges of developing marginal fields in the current industry climate was conducted on marginal fields in Nigeria to identify keys issues. These were identified as: funding, technical, and public policy. Considering the complex, competitive and dynamic environment in which these oil and gas companies operate, with competition from renewables, pressure to reduce carbon footprint, low oil price and investors expectation of a good return, companies must maintain tight financial plan, minimize emissions from their operations and focus on efficiency through innovation. The study identifies the need for a decision-making approach that takes into consideration multi criteria such as cost, regulation, quality, technology, security, stakeholders, safety and environment, as important criteria based on which to evaluate the selection of appropriate development option for marginal fields.

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