A PROJECT OF TECHNOLOGY TRANSFER TO THE CHINESE OFFSHORE PETROLEUM INDUSTRY

1984 ◽  
Vol 24 (1) ◽  
pp. 118
Author(s):  
Geoffrey Hart
Keyword(s):  
Joint Venture ◽  
Petroleum Industry ◽  
Oil Fields ◽  
Medium Size ◽  
Financial Evaluation ◽  
Field Development ◽  
Foreign Companies ◽  
Offshore Engineering ◽  
Training Courses ◽  
Offshore Oil

Under the umbrella of a Technical Co-operation Agreement between Australia and China, CSR is managing a project to transfer to the Chinese petroleum industry the equipment and knowledge required for the financial evaluation of large offshore developments by computer modelling.A medium-size interactive computer will be supplied along with a financial evaluation software package. Australian specialists in financial evaluation and modelling, computer management and offshore engineering will visit China to conduct training courses, and twelve Chinese professionals will visit Australia for tertiary studies and work experience.China is coming to the end of the first round of awarding contracts to foreign companies for the exploration of offshore oil fields. Ahead are later stages of bidding and contract negotiation, the evaluation of field development proposals, and the management of joint venture participation in producing fields. The computer equipment and application skills to be supplied under this project will significantly upgrade the capability of the Chinese petroleum industry to manage these future stages.

scholarly journals OIL SPILL PREVENTION AND TREATMENT IN OFFSHORE OIL INDUSTRY OF CHINA

1989 ◽  
Vol 1989 (1) ◽  
pp. 235-238
Author(s):  
Lu Mu-Zhen
Keyword(s):  
Oil Spill ◽  
Joint Venture ◽  
Oil And Gas ◽  
Oil Field ◽  
Oil Fields ◽  
Seismic Survey ◽  
Oil Exploration ◽  
Foreign Companies ◽  
Offshore Oil ◽  
Laws And Regulations

ABSTRACT The China National Offshore Oil Corporation (CNOOC), established in October 1982, is the sole Chinese company dealing with offshore oil exploration, development, and production. It has four regional corporations, and four specialized corporations, as well as seventeen joint venture corporations. CNOOC has four representative offices outside China. Since the Sino-foreign cooperation for offshore oil exploration and development in China started, 360,000 line km of seismic survey have been shot, thirty-nine oil and gas bearing structures have been found, fifteen oil fields have been evaluated as having large hydrocarbon accumulations, nine oil fields have been developed and put into production, 179 exploratory wells have been drilled, and CNOOC has signed thirty-nine contracts with a total of forty-five foreign companies from twelve countries. There are five laws and regulations in the PRC affecting offshore oil development and marine environmental pollution. In accord with these laws and regulations, CNOOC has reviewed four environmental impact statements for offshore oil fields received from its regional corporations. CNOOC has made oil spill contingency plans for the Cheng-Bei offshore oil field in Bo-Hai, and the Wei 10-3 offshore oil field in the Gulf of Bei-Bu. Some oil spill combating equipment is owned by the Bo-Hai Oil Corporation and the Nan-Hai West Oil Corporation, selected on the basis of the crude oil characteristics.

scholarly journals RATIONALE FOR SELECTION OF AN OIL FIELD OPTIMAL DEVELOPMENT SYSTEM IN THE EASTERN PART OF THE PECHORA SEA AND ITS CALCULATION

2020 ◽  
Vol 17 (34) ◽  
pp. 634-655 ◽  
Author(s):  
Violetta Sergeevna SABUKEVICH ◽  
Dmitry Georgievich PODOPRIGORA ◽  
Artem Maratovich SHAGIAKHMETOV
Keyword(s):  
Mathematical Modeling ◽  
Horizontal Wells ◽  
Oil Field ◽  
Oil Fields ◽  
The Arctic ◽  
Initial Flow ◽  
Development System ◽  
Field Development ◽  
Oil Field Development ◽  
Offshore Oil

Rationale for selection and calculation of the optimal system for the development of the Pechora Sea oil field is an extremely difficult scientific-technical task. Severe climate conditions of the Arctic region, ice cover, well stock formation limits, slow rates of drilling for offshore oil fields, and remoteness from supply bases multiply the cost of projects and create significant difficulties in engineering design the field development system. To solve these problems, one needs to use highly efficient technologies for offshore oil fields development, which will ensure intensive oil production, thus obtaining significant revenues to pay off the expenses. The purpose of this work is to provide the basis for selection as well as calculate the optimum development system for an oil field in the eastern part of the Pechora Sea. The solution of the tasks was carried out on the basis of the features identified in the development of Arctic offshore oil fields, the analysis of geological and physical data on the oil field, a set of theoretical, analytical works, and mathematical modeling. Mathematical modeling was performed using standard and adapted methods for calculating oil field development systems. Based on the data received, it was concluded that it is the linear system of horizontal wells, which is optimal for the field development. Horizontal wells critical and initial flow rate and basic technical indicators have been calculated versus time. The estimation of the discounted cash flow and the discounted profit index has demonstrated that the investment project can be initiated. Since the oil field is now under supplementary exploration, the data obtained in the research can be applied for designing the oil field development system as soon as its industrial exploitation is approved.

Caveats and Pitfalls of Production Forecast Uncertainty Analysis Using Design of Experiments

2021 ◽  
Author(s):  
Boxiao Li ◽  
Hemant Phale ◽  
Yanfen Zhang ◽  
Timothy Tokar ◽  
Xian-Huan Wen
Keyword(s):  
Design Of Experiments ◽  
Uncertainty Analysis ◽  
History Matching ◽  
Petroleum Industry ◽  
Production Forecast ◽  
Forecast Uncertainty ◽  
Field Development ◽  
Development Alternatives ◽  
Modeling Principles ◽  
Made In

Abstract Design of Experiments (DoE) is one of the most commonly employed techniques in the petroleum industry for Assisted History Matching (AHM) and uncertainty analysis of reservoir production forecasts. Although conceptually straightforward, DoE is often misused by practitioners because many of its statistical and modeling principles are not carefully followed. Our earlier paper (Li et al. 2019) detailed the best practices in DoE-based AHM for brownfields. However, to our best knowledge, there is a lack of studies that summarize the common caveats and pitfalls in DoE-based production forecast uncertainty analysis for greenfields and history-matched brownfields. Our objective here is to summarize these caveats and pitfalls to help practitioners apply the correct principles for DoE-based production forecast uncertainty analysis. Over 60 common pitfalls in all stages of a DoE workflow are summarized. Special attention is paid to the following critical project transitions: (1) the transition from static earth modeling to dynamic reservoir simulation; (2) from AHM to production forecast; and (3) from analyzing subsurface uncertainties to analyzing field-development alternatives. Most pitfalls can be avoided by consistently following the statistical and modeling principles. Some pitfalls, however, can trap experienced engineers. For example, mistakes made in handling the three abovementioned transitions can yield strongly unreliable proxy and sensitivity analysis. For the representative examples we study, they can lead to having a proxy R2 of less than 0.2 versus larger than 0.9 if done correctly. Two improved experimental designs are created to resolve this challenge. Besides the technical pitfalls that are avoidable via robust statistical workflows, we also highlight the often more severe non-technical pitfalls that cannot be evaluated by measures like R2. Thoughts are shared on how they can be avoided, especially during project framing and the three critical transition scenarios.

scholarly journals Integrated Halo Model And Hydrodynamic Simulation For Optimization Oil Production In Crystalline Fractured Reservoirs

2021 ◽  
Author(s):  
Hung Vo Thanh ◽  
Kang-Kun Lee
Keyword(s):  
Oil Recovery ◽  
History Matching ◽  
Fractured Reservoirs ◽  
Petroleum Industry ◽  
Oil Production ◽  
Modelling And Simulation ◽  
Development Plan ◽  
Sweep Efficiency ◽  
Field Development ◽  
The World

Abstract Basement formation is known as the unique reservoir in the world. The fractured basement reservoir was contributed a large amount of oil and gas for Vietnam petroleum industry. However, the geological modelling and optimization of oil production is still a challenge for fractured basement reservoirs. Thus, this study aims to introduce the efficient workflow construction reservoir models for proposing the field development plan in a fractured crystalline reservoir. First, the Halo method was adapted for building the petrophysical model. Then, Drill stem history matching is conducted for adjusting the simulation results and pressure measurement. Next, the history-matched models are used to conduct the simulation scenarios to predict future reservoir performance. The possible potential design has four producers and three injectors in the fracture reservoir system. The field prediction results indicate that this scenario increases approximately 8 % oil recovery factor compared to the natural depletion production. This finding suggests that a suitable field development plan is necessary to improve sweep efficiency in the fractured oil formation. The critical contribution of this research is the proposed modelling and simulation with less data for the field development plan in fractured crystalline reservoir. This research's modelling and simulation findings provide a new solution for optimizing oil production that can be applied in Vietnam and other reservoirs in the world.

scholarly journals THE EMERGENCE OF THE AUTOMOTIVE INDUSTRY IN CHINA

2021 ◽  
Author(s):  
Olga Krause ◽  
◽  
Nadiya Golda ◽  
Iryna Pinyak ◽  
◽  
...  
Keyword(s):  
Automotive Industry ◽  
Automobile Industry ◽  
Economies Of Scale ◽  
Joint Venture ◽  
Developed Countries ◽  
Engineering Industry ◽  
General Motors ◽  
Small Range ◽  
Foreign Companies ◽  
Car Market

The engineering industry, including the automotive industry, belongs to the strategic branches of the country’s economy and to a large extent determines the level of development. The Chinese automobile industry dates back to 1953, and the first automobile factory, the First Automobile Works (FAW), was started in Beijing. Over the next few years, several more car factories were established in Nanjing, Khanhai, Jinan and Beijing. The requirements of funds, technologies and automotive modernization stimulated the attraction of external investment. A number of restrictive measures have been adopted to curb external competition, reduce car imports and attract innovative technologies, including high tariff and non-tariff barriers, screening, and restrictions on foreign capital, Limiting market share to foreign companies. When signing the joint-venture agreement, the Chinese side insisted on technology transfer and subordination to the Chinese leadership. Volkswagen first built a car factory in China. Today almost every progressive car company is represented in the Chinese car market, such as Mercedes-Bens, Ford, General Motors, Suzuki, Daihatsu, Honda, Subaru, Citreon, Toyota. Most of them have partnerships with one of China’s top three car manufacturers. American, European, and Japanese automakers see China as a promising market as demand for vehicles in the US and Europe shrinks. To the Chinese automobile market, the cars are made according to the requirements of the local consumer – conservative, with high-quality design, low and middle price segment. Since 2009, foreign automobile companies have accounted for 85% of the Chinese car market. About 60% of the cars sold in China are locally produced. However, China’s automobile industry is highly fragmented and mostly consists of small companies that produce a small range of components. Such production is labour-intensive with relatively low use of advanced technologies compared to car manufacturers in developed countries, often lacking economies of scale. Research expenditure accounts for a large part of the expenditure structure. Most companies produce low-tech parts with significant import presence.

scholarly journals El impacto de los servicios financieros y la capacitación de las MIPYMES de Costa Rica (The impact of financial services and managerial Training on Costa Rica SMEs)

2014 ◽  
Vol 8 (1) ◽  
pp. 19 ◽  
Author(s):  
Ricardo Monge González ◽  
Juan Antonio Rodríguez Álvarez
Keyword(s):  
Costa Rica ◽  
Financial Services ◽  
Medium Size ◽  
Company Performance ◽  
Access To Credit ◽  
Managerial Training ◽  
El Sistema ◽  
Training Courses ◽  
The Impact ◽  
A Company

<p>Este trabajo estima el impacto de los servicios financieros (diferentes del crédito) y los cursos de capacitación de corto plazo sobre las ventas reales, número de empleados, grado de formalización y acceso al crédito en el sistema financiero formal, de un conjunto de micro, pequeñas y medianas empresas clientes de una entidad de microfinanzas que opera en Costa Rica. Para ello, se emplea un panel de datos de cinco años (2006 a 2010) y modelos econométricos que tratan de controlar por atributos de las empresas, tanto observables como no observables, que afectan el desempeño de las variables sobre las cuales se mide el impacto. Los resultados señalan que aquellas empresas que recibieron servicios financieros diferentes del crédito lograron aumentar más el valor de sus ventas y el empleo, y también mejoraron su grado de formalización (aunque este resultado es débil estadísticamente), cuando se las compara con aquellas que no obtuvieron acceso a este tipo de financiamiento. Además, parecería ser que las garantías de participación y cumplimiento son el instrumento financiero que más impacta en forma positiva el desempeño de estas empresas. Por otra parte, no se obtuvo evidencia de que los servicios de capacitación de corta duración tuvieran algún impacto sobre el desempeño de estas empresas. Con base en todo lo anterior se plantean varias recomendaciones de política.</p><p> </p><p><strong>Abstract </strong></p><p>This paper considers the impact that financial services other than credit, and short term training courses have on total sales, employee number, level of formalization and access to credit in the regular financial system for a group of micro, small and medium size enterprises that are clients of a micro financing entity operating in Costa Rica. With this aim, data collected over five years (2006 to 2010), and econometric models that monitor a company`s performance by visible and non-visible attributes affecting measuring variables were used. Results show that the companies that received financial services other than the credit itself increased sales and employment more , and also improved their level of formalization (although the latter is statistically weak), when compared to others that did not had access to this type of financing. Also, it seems that participation and compliance guarantees are the most impacting financial instrument on company performance. On the other hand, no evidence was obtained about short training courses had any impact on company performance. Finally, some policy changes are recommended.<strong><br /></strong></p>

Sign in / Sign up

Export Citation Format

Share Document