Wary investors will limit Iraqi Kurdish oil output

2017 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Islamic State ◽  
Kurdistan Region ◽  
Economic Crises ◽  
Content Type ◽  
Oil Companies ◽  
Oil And Gas Fields ◽  
Petroleum Sector ◽  
Gas Fields

Subject Kurdistan Region of Iraq petroleum sector. Significance The Kurdistan Region of Iraq (KRI) petroleum sector has struggled to make progress in the context of local political and economic crises, the continuing fight against IS and some disappointing geological findings. Oil production is stagnant at around 600,000-650,000 barrels per day (bpd). Owing to persistent budgetary shortfalls, payments to international oil companies (IOCs) have faced delays. Impacts The defeat of Islamic State (IS) could open up potential oil and gas blocks in the Nineveh plains and around Kirkuk. The risk of conflict between Kurdish and Baghdad government forces over disputed oil and gas fields will rise. Worsening conflict in the Kurdish south-east of Turkey could endanger oil (and future gas) exports.

scholarly journals Analysis of the Problem of Environmental Pollution in Oil Fields, as Well as Ways of Utilization of Oil Production Waste

2021 ◽  
Vol 315 ◽  
pp. 01002
Author(s):  
Vitaly Zhironkin ◽  
Michal Cehlar
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Oil Sludge ◽  
Hydrocarbon Production ◽  
Oil Companies ◽  
Advantages And Disadvantages ◽  
Sources Of Pollution ◽  
Oil And Gas Fields ◽  
Oil And Gas Resources ◽  
The Impact

The problems of the current ecological situation in the oil-producing regions are being investigated. The analysis of the impact of the growth of hydrocarbon production on the environment has been carried out. The main causes and sources of pollution have been identified, starting with the process of developing oil and gas fields and including directly extracting and processing oil and gas resources. It is noted that the main reason for the growing environmental hazard is the deterioration and depreciation of equipment and the low share of innovative activity of oil companies. The main methods of utilization of oil production wastes, which are currently used in world practice, have been analyzed. Some technologies for processing oil sludge with obtaining a secondary product are considered. Their main advantages and disadvantages associated with the features of the technological process are described. The possibility of obtaining inert soil, building material, expanded clay and other materials using drill cuttings has been evaluated. The complex separate processing of drilling waste has been determined as the most effective and promising. Its main advantages associated with the complete utilization of all components of oil sludge, as well as the problems of introducing this technology, are given.

Oil sector damage will slow Yemen's recovery

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Content Type ◽  
Spot Prices ◽  
Oil Reserves ◽  
Oil And Gas Fields ◽  
Oil Revenue ◽  
Oil Sector ◽  
Post War ◽  
Oil Revenues ◽  
Gas Fields

Subject Impact of conflict on Yemen's oil and gas sector. Significance Yemen's oil sector has been in serious decline for years due to sabotage, field depletion and underinvestment, although it has remained the mainstay of government finances. Oil and gas fields and facilities are key assets in contention in the current conflict, even though it has halted most production and scared away many foreign operators. Yemen has around 3 billion barrels of oil reserves and 17 trillion cubic feet of gas. Oil revenues are critical to helping address the poverty that underlies much of the country's instability. Impacts Yemen supplies 3% of global LNG, and the loss of this may boost spot prices. Reduced oil revenue will make post-war Yemen even more dependent on aid. Jihadists could capture oil fields and finance themselves through local sales.

Fuel exports will lead booming US energy trade

2017 ◽  
Keyword(s):  
Oil And Gas ◽  
High Growth ◽  
International Markets ◽  
Output Growth ◽  
Content Type ◽  
Trade Routes ◽  
Oil And Gas Fields ◽  
Energy Trade ◽  
Oil And Natural Gas ◽  
Gas Fields

Significance Despite coal’s decline, overall US energy exports hit record levels in 2016 after years of strong domestic output growth and major investments in new infrastructure to link US oil and gas fields with international markets. US-produced refined fuel products, crude oil and natural gas liquids are shaking up energy trade routes and posing new challenges to established exporters in the Middle East and Russia. Impacts OPEC oil exporters will have to compete directly with US shale producers for market share in high-growth regions such as Asia. Major LNG exporters like Qatar and Australia are likely to see low global gas prices for many years as new US supply hits the market. Midstream companies will see strong growth opportunities reshaping US energy infrastructure for exports. Washington’s efforts to boost coal in other advanced economies’ energy mixes are unlikely to meet with success.

The decommissioning of oil and gas fields: Egyptian law and policy

2019 ◽  
Vol 12 (4) ◽  
pp. 287-293
Author(s):  
Mostafa Elshazly
Keyword(s):  
Oil And Gas ◽  
Legal Framework ◽  
Legal Aspects ◽  
Regulatory Framework ◽  
Oil Companies ◽  
National Oil Companies ◽  
Oil And Gas Fields ◽  
Law And Policy ◽  
Legal Challenges ◽  
Gas Fields

Abstract Legal issues around the decommissioning of oil and gas fields have generally been given insufficient attention by energy lawyers in most jurisdictions worldwide. Oil and gas lawyers, and other stakeholders in Egypt, face the same challenge. This article discusses the topic of the decommissioning of oil and gas fields in the context of the legal aspects and the regulatory framework for decommissioning in Egypt, demonstrating the main challenges relating to the legal framework for decommissioning arrangements in the country. At the heart of the legal challenges associated with the decommissioning of oil and gas fields in Egypt lies the most important question: who should pay the associated costs, and when? This article also presents some recommendations to enhance the current regulatory framework for the decommissioning of oil and gas fields in Egypt, to maintain the balance of interests between international oil companies and national oil companies active in Egypt.

Oil Production Enhancement by EOR Candidates Optimization

2021 ◽  
Author(s):  
Denis Yurievich Pisarev ◽  
Ildar Fanurovich Sharipov ◽  
Artur Michailovich Aslanyan ◽  
Danila Nikolaevich Gulyaev ◽  
Anastasiya Nikolaevna Nikonorova
Keyword(s):  
Oil And Gas ◽  
Thick Layer ◽  
Clay Content ◽  
Oil Production ◽  
Quaternary Period ◽  
The North ◽  
Oil And Gas Fields ◽  
Production History ◽  
Water Cut ◽  
Gas Fields

The study field is located in the Nizhnevartovsk district of the Khanty-Mansi autonomous region. The deposit is located in the Nizhnevartovsk crest zone. The geological section of this deposit features a thick layer (2740-2870 meters) of Meso-Cenozoic era sedimentary rocks starting from the Jurassic period up to and including the Quaternary period, and rests unconformably on the surface of the deposits of the folded Paleozoic basement. The pay zones of study oil and gas fields features mainly sandstone-siltstone reservoirs. The study formation XX11-2 features interleaved rocks with a high clay content. In the west and south-west of the field, the oil-saturated thicknesses vary on average from 5-10 m, and in the north, the thickness increases to 10-20 m. This field has a long-lasting production history as a result of drilling vertical and horizontal wells but is currently at production decline stage. The existing reservoir pressure support system assumes that the water-cut trend at the wells will increase. In recent years, there has been advanced flooding in some areas, resulting in a drop in oil production, while the reasons for the advanced flooding are not always clear. This is often due to the progressing spontaneous fracturing in the injector wells (Aslanyan, Akimov et al., 2020).

Iraqi Kurdistan could see oil and gas advances

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Oil Production ◽  
Content Type ◽  
Oil Companies ◽  
Iraqi Kurdistan ◽  
Oil Sector ◽  
The Government ◽  
Slight Rise

Significance The oil sector managed a slight rise in oil production in 2020, despite the challenges of the pandemic and low oil prices. The KRG mostly managed to keep up payments to oil companies but did not assist Baghdad in making production cuts under the OPEC+ agreement. Impacts Combined new gas projects could meet domestic needs and potentially allow exports by the later 2020s. The government could resume payments of overdue amounts to international oil companies from this month. Talks with Baghdad will become more complex around planned elections in October 2021 and depending on legal developments with Turkey.

Asset Management Challenges of Offshore Installations in Arctic Regions

2012 ◽  
Author(s):  
Alejandro Bencomo ◽  
Tore Markeset
Keyword(s):  
Asset Management ◽  
Oil And Gas ◽  
Oil Companies ◽  
Cold Environments ◽  
Oil And Gas Fields ◽  
Arctic Regions ◽  
Offshore Installations ◽  
Innovative Solutions ◽  
Extreme Cold ◽  
Gas Fields

In the last decade we have seen an increase interest by the oil companies in developing oil and gas fields in arctic regions. Companies are trying to adapt conventional procedures and technologies used in more tempered offshore regions into subzero environments. However, some all these proven technologies and techniques are not quite efficient in extreme cold environments. In this paper the authors discuss the main challenges inherent to operation and maintenance of offshore facilities in arctic regions. Moreover a set of conventional and innovative solutions for these challenges is presented.

scholarly journals Main directions in the development of Russia’s oil sector in the first half of the XXI century

2019 ◽  
Vol 89 (11) ◽  
pp. 1095-1104 ◽  
Author(s):  
Alexey E. Kontorovich ◽  
Lev M. Burshtein ◽  
Valery R. Livshitc ◽  
Svetlana V. Ryzhkova
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
First Century ◽  
Special Focus ◽  
Resource Base ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Oil Sector ◽  
Gas Fields

This paper discusses the most important aspects of the development of the oil and gas industry in Russia. To replace declining oil production in Russia, we need to change the obsolete paradigm of the development of the domestic resource base. In the twenty-first century, the priority tasks in the search for oil deposits should be the Russian Arctic shelves and immature onshore provinces as well as unique unconventional oil accumulations (Bazhenov, Domanik, Khadum, Kuonamka Formations, etc.). In addition, special focus should be placed on the exploration of small and smallest oil and gas fields, which will be developed with the collaboration of small- and medium-sized oil businesses to ensure up to 20% of domestic oil production. The shift from extensive to intensive development of Russias oil and gas sector will require the prioritizing of technological tasks.

scholarly journals Estimating global oilfield-specific flaring with uncertainty using a detailed geographic database of oil and gas fields

2021 ◽  
Author(s):  
Zhan Zhang ◽  
Evan David Sherwin ◽  
Adam R Brandt
Keyword(s):  
Oil And Gas ◽  
Infrared Imaging ◽  
Oil Production ◽  
The United States ◽  
Gas Production ◽  
Associated Gas ◽  
Country Level ◽  
Oil And Gas Fields ◽  
The Persian Gulf ◽  
Gas Fields

Abstract Associated gas flaring during crude oil production is an important contributor to global warming. Satellite technology has made global flaring monitoring possible with high spatial resolution. In this study, we construct a granular database to geographically match global oil and gas fields with remote sensing flaring data from the Visible Infrared Imaging Radiometer Suite (VIIRS) from 2012 to 2019. The GIS database contains over 50,000 oil and gas fields and around 4,700 infrastructure sites (e.g., refineries, terminals) in 51 countries and regions, representing 96% of global oil production and 89% of natural gas production. Over 2,900 fields and 140 infrastructure sites in 47 countries contain matching flares. The annual matched flare volume covers 89~92% of the satellite-estimated flaring volume of these countries and 85~87% of total worldwide volume detected by the satellite. In 2019, a set of 263 “high-flare” fields (which flare more than 0.1 billion cubic meters per year) account for 67% of the total matched satellite-estimated volume. These fields are mainly concentrated in the Persian Gulf, West and East Siberia, Eastern Venezuela Basin, Permian and Williston Basins in the United States, the Gulf of Mexico, and West and North Africa. Accounting for asymmetric instrument uncertainty suggests that country-level flaring rates are accurate to within -8% ~ +29%, the global average within 1%.

US Arctic oil may freeze with new delays

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Capital Expenditure ◽  
Chukchi Sea ◽  
Production Capacity ◽  
Content Type ◽  
Oil Companies ◽  
Oil And Gas Fields ◽  
Unmet Demand ◽  
Exploration And Production ◽  
Offshore Oil And Gas

Significance The Department of the Interior on May 11 gave Shell conditional approval to drill in Alaska's Chukchi Sea. Most supermajor oil companies have cut capital expenditure in the wake of the recent fall in oil prices, but Shell views developing Arctic resources as essential to ensuring energy security in future decades. The company expects to spend 1 billion dollars on Arctic exploration this year. Impacts The development of Arctic offshore oil and gas fields is not currently economic, nor is there unmet demand. However, this project will provide Shell with the opportunity to refine exploration and production capacity. This will set the groundwork for future expansions in these risky geographies. An environmental accident would cause massive reputation harm, and curtail further exploratory drilling in the region.

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