UNDERSTANDING AUSTRALIA’S PETROLEUM RESOURCES, FUTURE PRODUCTION TRENDS AND THE ROLE OF THE FRONTIERS

2001 ◽  
Vol 41 (1) ◽  
pp. 273 ◽  
Author(s):  
T.G. Powell
Keyword(s):  
Gas Production ◽  
Full Potential ◽  
Production Rates ◽  
Oil Reserves ◽  
Future Production ◽  
Self Sufficiency ◽  
The Us ◽  
Petroleum Resources ◽  
High Level ◽  
Gas Fields

Relative to its needs over the last 30 years, Australia has enjoyed a high level of self-sufficiency. Whilst the overall remaining reserves of oil have been relatively constant, reserves of condensate have grown substantially as major reserves of natural gas have been added to Australia’s resource inventory. Oil and condensate reserves stand at 3.43 billion barrels (505 GL), of which 50% is condensate in gas fields. Australia’s undiscovered oil potential in its major offshore hydrocarbon producing basins has been upgraded to an indicative 5 billion barrels (800 GL) at the average expectation, following evaluation of the assessment results for Australia in the authoritative worldwide assessment of undiscovered potential by the US Geological Survey.Current reserves, however, are insufficient to sustain present levels of production in the medium term. Estimates of future production of oil and condensate suggest that at the mean expectation, production rates will drop by around 33% by 2005 and 50% by 2010, largely as a result of a decline in oil production. This forecast includes production from fields that have not yet been discovered. Condensate production will continue to grow, but the rate of growth is constrained by gas production rates and overall by the development timetable for the major gas fields.The rate of discovery of new oil fields is insufficient to replace the oil reserves that are being produced. If Australia is to maximise the opportunity to maintain production at similar levels to the recent past, it is probable that exploration effort will have to diversify to the frontier basins to locate a new oil province whilst continuing to explore the full potential of the known hydrocarbon-bearing basins. Australia still has a remarkable number of basins which have received little or no exploration. Whilst there is no substitute for a discovery to stimulate exploration in poorly known areas, demonstrating that petroleum has been generated and migrated is the key to attracting continued exploration interest.

Zohr brings Egypt closer to energy self-sufficiency

2017 ◽  
Keyword(s):  
Oil And Gas ◽  
Rapid Development ◽  
Gas Production ◽  
Sharp Decline ◽  
Content Type ◽  
Self Sufficiency ◽  
Egyptian Government ◽  
Gas Fields ◽  
Oil And Gas Companies

Significance The Zohr field is one of the largest gas fields discovered in Egyptian waters. The launch of production heralds a major new supply of gas for the country as it faces a sharp decline in most of its existing gas fields. Impacts State-owned EGAS will buy Zohr-produced gas, adding to pressure on the government’s outstanding debts to international operators. The discovery of Zohr and its rapid development will increase interest in upstream opportunities from international oil and gas companies. The start of Zohr gas production will put on hold any consideration by the Egyptian government of gas imports from Israel and Cyprus.

Oil and gas majors are decarbonising their businesses

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Energy Transition ◽  
Gas Production ◽  
Power Sector ◽  
Oil And Gas Production ◽  
Content Type ◽  
Oil Reserves ◽  
The Us ◽  
New Energy ◽  
Capital Spending

Significance While the US oil majors are adopting strategies primarily based on decarbonising oil and gas production, European companies are also developing new businesses designed to compensate for future demand-led reductions in oil and gas revenues. The European majors’ entry into the power sector and renewable energy markets brings new, well-financed and technologically proficient competitors into a sector made up predominantly of utilities and smaller developers. Impacts Hydrocarbon majors' capital spending on renewables will rise over the next decade. The oil majors will continue to buy into promising new energy transition technologies. These companies will invest in oil output and protect their legacy assets, but their valuations will be less driven by their oil reserves.

TRENDS IN THE DEVELOPMENT OF THE OIL AND GAS MARKET AND THE MAIN MEASURES OF STATE SUPPORT AIMED AT THE IMPLEMENTATION OF ARCTIC OIL AND GAS PROJECTS

2021 ◽  
Vol 5 (11) ◽  
pp. 31-38
Author(s):  
Igor V. Selin ◽  
◽  
Mikhail V. Ulchenko ◽  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
State Support ◽  
Gas Industry ◽  
Oil Companies ◽  
Oil Reserves ◽  
Exploration Drilling ◽  
Gas Market ◽  
High Level

This article is devoted to the study of the main trends in the development of the oil and gas market, as well as the transfer of state support aimed at the implementation of Arctic oil and gas projects. The analysis showed that 2020 turned out to be extremely difficult for the oil and gas industry as a whole. The volumes of oil and natural gas production and consumption decreased, and due to a reduction in revenue, large domestic companies began to save on exploration drilling. Given the high level of «depletion» of oil reserves in traditional fields, with an increase in demand, in the short term, domestic oil companies will not be able to quickly increase production volumes and take advantage of favorable market conditions.

The tectonic and stratigraphic framework of the United Kingdom's oil and gas fields

2003 ◽  
Vol 20 (1) ◽  
pp. 17-59 ◽  
Author(s):  
John R. Underhill
Keyword(s):  
Oil And Gas ◽  
Wide Spectrum ◽  
Sedimentary Basins ◽  
Gas Production ◽  
Oil And Gas Production ◽  
Oil And Gas Fields ◽  
East Midlands ◽  
Self Sufficiency ◽  
Stratigraphic Framework ◽  
Gas Fields

AbstractOnshore exploration success during the first half of the 20th century led to petroleum production from many, relatively small oil and gas accumulations in areas like the East Midlands, North Yorkshire and Midland Valley of Scotland. Despite this, the notion that exploration of the United Kingdom's continental shelf (UKCS) might lead to the country having self-sufficiency in oil and gas production would have been viewed as extremely fanciful as recently as the late 1950s. Yet as we pass into the new century, only thirty-five years on from the drilling of the first offshore well, that is exactly the position Britain finds itself in. By 2001, around three million barrels of oil equivalent were being produced each day from 239 fields. The producing fields have a wide geographical distribution, occur in a number of discrete sedimentary basins and contain a wide spectrum of reservoirs that were originally deposited in diverse sedimentary and stratigraphic units ranging from Devonian to Eocene in age. Although carbonates are represented, the main producing horizons have primarily proved to be siliciclastic in nature and were deposited in environments ranging from aeolian and fluviatile continental red beds, coastal plain, nearshore beach and shelfal settings all the way through to deep-marine, submarine fan sediments. This chapter attempts to place each of the main producing fields into their proper stratigraphic, tectonic and sedimentological context in order to demonstrate how a wide variety of factors have successfully combined to produce each of the prospective petroleum play fairways and hence, make the UKCS such a prolific and important petroleum province.

AUSTRALIA’S HYDROCARBON PROVINCES—WHERE WILL FUTURE PRODUCTION COME FROM?

2004 ◽  
Vol 44 (1) ◽  
pp. 729
Author(s):  
T.G. Powell
Keyword(s):  
Crude Oil ◽  
Gas Production ◽  
Coal Bed ◽  
Success Rates ◽  
Oil Reserves ◽  
Future Production ◽  
Eastern Australia ◽  
Commercial Market ◽  
Gas Bearing

The cumulative graph of reserves added to a basin through time is a measure of that basins’ exploration maturity. Additions of reserves through new field discovery are limited in the Bowen-Surat, Gippsland, Cooper-Eromanga and Bonaparte Basins whilst significant discoveries continue to be made in the Carnarvon Basin. The recent discoveries in the Perth Basin represent a significant new phase in the addition to reserves for this basin. Reserves growth in existing fields represents a very significant source of new crude oil reserves. All gas bearing basins including those in eastern Australia show potential for additional gas discoveries. Coal Bed Methane also represents a significant gas resource into the future.Australia’s production of crude oil has averaged 11% of the remaining reserves over the last decade. In the late 90s, the rate of production has exceeded the rate of addition to reserves and production must decline in the medium term. Medium- to long-term forecasts of future crude oil production are uncertain because of the difficulty in predicting the rate of crude oil discovery, particularly since many of the established plays in established crude oil basins appear to have little remaining potential and success rates and potential for new plays in established and frontier areas of exploration is unknown.Rates of gas production are not related to existing reserves, but rather to the dynamics of the commercial market which is strongly influenced by regional infrastructure.

Residual Hydrocarbon Saturation in the Transition Zone and the Gas Cap

2021 ◽  
Author(s):  
Nikolai Alekseevich Cheremisin ◽  
Roman Sergeevich Shulga ◽  
Alexey Anatolyevich Zagorovskiy ◽  
Yan Irekovich Gilmanov ◽  
Alexey Valentinovich Kochetov
Keyword(s):  
Transition Zone ◽  
Gas Production ◽  
Oil Reservoirs ◽  
Residual Oil ◽  
Reservoir Properties ◽  
Oil Saturation ◽  
Residual Oil Saturation ◽  
Oil Reserves ◽  
Core Samples ◽  
Gas Fields

Abstract The laboratory study of the formation of residual oil saturation in a gas cap after active gas production from it and the penetration of oil from the underlying oil reservoir is currently not regulated in any way. Residual oil saturation in the gas cap was taken and is accepted, as a rule, from the correlation dependences with reservoir properties obtained from experiments on oil displacement from to the limit oil-saturated core samples. The use of similar correlations for the transition zone significantly underestimates the mobile oil reserves in such zones In this connection, the paper discusses the technology of physical modeling of the residual oil saturation in the gas cap after the penetration of oil into it and the issues related to the determination of the residual oil saturation in the transition zones of oil reservoirs. On a series of test experiments on core samples of a weakly consolidated reservoir of the Pokurovskaya formation carried out according to the method developed by the authors, it was shown that the values of residual oil saturation after the penetration of oil into the gas cap are significantly lower than for oil-saturated formations with similar properties. It is shown that such studies will make it possible to clarify the possible irreversible oil losses during the advanced development of gas caps and to revise the approaches to the development of oil reservoirs of gas-oil and oil-gas fields. Laboratory modeling and study of the process of oil penetration into a gas cap and its subsequent displacement by water or gas is relevant for almost 10% of Rosneft's current reserves.

Introduction to this special section: Middle East

2020 ◽  
Vol 39 (6) ◽  
pp. 381-381
Author(s):  
Abdullatif Al-Shuhail ◽  
Youcef Bouzidi ◽  
Saleh Al-Dossary ◽  
Yongyi Li
Keyword(s):  
Middle East ◽  
Special Section ◽  
Gas Production ◽  
Unconventional Reservoirs ◽  
Near Surface ◽  
Oil Reserves ◽  
Unconventional Resources ◽  
Advanced Technologies ◽  
Petroleum Resources ◽  
Petroleum Reserves

The Middle East is one of the world's most prolific regions in terms of petroleum reserves and production. It accounts for one-third of global oil production, one-sixth of gas production, about half of proved oil reserves, and two-fifths of proved gas reserves. Recent discoveries of unconventional resources have added even more reserves to the area's vast resources. Historically, many of the conventional fields in the Middle East were discovered by using conventional geophysical exploration methods. The continuing search for conventional and unconventional reservoirs has led to a rapid advancement of geophysical technologies in data acquisition, processing, and interpretation. These advanced technologies are aimed at solving region-specific challenges in defining the complexity of the near surface and subsurface. This is evidenced by the increasing activities in the development and application of new geophysical technologies in the exploration, development, and production of petroleum resources.

Ghana's petroleum industry: expectations, frustrations and anger in coastal communities

2020 ◽  
Vol 58 (3) ◽  
pp. 397-424
Author(s):  
Jesse Salah Ovadia ◽  
Jasper Abembia Ayelazuno ◽  
James Van Alstine
Keyword(s):  
Oil And Gas ◽  
Local Development ◽  
Petroleum Industry ◽  
Field Research ◽  
Gas Production ◽  
Oil Field ◽  
Oil And Gas Production ◽  
High Expectations ◽  
Petroleum Resources ◽  
Negative Impacts

ABSTRACTWith much fanfare, Ghana's Jubilee Oil Field was discovered in 2007 and began producing oil in 2010. In the six coastal districts nearest the offshore fields, expectations of oil-backed development have been raised. However, there is growing concern over what locals perceive to be negative impacts of oil and gas production. Based on field research conducted in 2010 and 2015 in the same communities in each district, this paper presents a longitudinal study of the impacts (real and perceived) of oil and gas production in Ghana. With few identifiable benefits beyond corporate social responsibility projects often disconnected from local development priorities, communities are growing angrier at their loss of livelihoods, increased social ills and dispossession from land and ocean. Assuming that others must be benefiting from the petroleum resources being extracted near their communities, there is growing frustration. High expectations, real and perceived grievances, and increasing social fragmentation threaten to lead to conflict and underdevelopment.

Echinoderm skeletal crystallography and paleobiological applications

1997 ◽  
Vol 3 ◽  
pp. 191-204 ◽  
Author(s):  
B. E. Bodenbender
Keyword(s):  
Skeletal Structure ◽  
Growth Stages ◽  
Full Potential ◽  
Initial Growth ◽  
Developmental Sequence ◽  
Coarse Scale ◽  
Common Pattern ◽  
Plate Morphology ◽  
Oriented Parallel ◽  
High Level

The crystallographic orientations of echinoderm skeletal elements can supplement standard morphological comparisons in the exploration of echinoderm evolution. At a coarse scale, many echinoderms share a crystallographic pattern in whichcaxes radiate away from the axis of pentaradial symmetry. Within this common pattern, however,caxes of different taxa can differ dramatically in their degree of variability, angles of inclination, and relationships to the external morphology of skeletal elements. Crystallographic data reflect a variety of taxon-specific influences and therefore reveal different information in different taxa. In echinoids, orientations ofcaxes in coronal plates correlate well with high-level taxonomic groupings, whilecaxes of apical plates record modes of larval development. In blastoids,caxes of radial plates have a structural interpretation, with thecaxis oriented parallel to the orientation of the surface of the radial plate during its initial growth stages. In crinoids,caxes do not correlate with taxonomic group, plate morphology, or developmental sequence, but instead correlate with relative positions of skeletal elements on the calyx. Although their full potential has yet to be explored, the varied crystallographic patterns in echinoderms have been used to clarify skeletal structure, characterize developmental anomalies, and infer homologies of skeletal plates both within specimens and between groups. A axes are less constrained in their orientations thancaxes and offer less promise of revealing novel paleobiological information.

Cyclic Methylsiloxanes as Working Fluids for Space Power Cycles

1993 ◽  
Vol 115 (3) ◽  
pp. 130-137 ◽  
Author(s):  
G. Angelino ◽  
C. Invernizzi
Keyword(s):  
High Temperature ◽  
Full Potential ◽  
Working Fluids ◽  
Power Cycles ◽  
Thermodynamic Performance ◽  
High Level ◽  
Organic Fluids ◽  
Large Wheel ◽  
Turbine Exhaust ◽  
Fast Rotating

The potential merits of cyclic polymethylsiloxanes, particularly those conventionally denominated D4 and D5, as working fluids for space power cycles are discussed. The attractive technical characteristics of these substances which are fully nontoxic, moderately flammable, and stable at high temperature are presented. Some experimental results on vapor pressure and on thermal stability are reported. A maximum operating temperature of about 400°C appears achievable. A comprehensive thermodynamic analysis comparing siloxanes with other classes of high temperature fluids is performed. The peculiar characters of siloxane cycles are found to be: a good overall efficiency achieved through a massive regeneration, a moderate expansion work, and an abundant volume flow at turbine exhaust. A number of two-stage turbines for two power levels (i.e., 30 and 5 kW) were designed using an appropriate optimization program. The resulting main features of such expanders were a satisfactory efficiency, a low rotating and peripheral speed, and a comparatively large wheel diameter. These characteristics seem of particular interest for low capacity systems where, with other fluids, turbines tend to be impractically small and fast rotating and where a high level of regeneration becomes more acceptable. In considering for the sake of comparison the thermodynamic performance of many classes of organic fluids, it becomes apparent that the full potential of organic power cycles in view of the variety of future needs has not yet been thoroughly investigated.

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