№1 January 2012Table of contents Issue Archive
№1 January 2012Table of contents Issue Archive
Lufkin Opens Moscow Office, Russia Ponders Arctic Course
Pat Davis Szymczak
This month’s issue of Oil&Gas Eurasia looks at critical technologies to keep Russian production on the rise, and to develop new frontier areas that will...
The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling.
The Nord Stream Pipeline takes another important step towards its target of starting to deliver gas directly from Russia to the European Union by the end of 2011. Preparations for welding together two of the three sections of the 1,224 kilometre pipeline through the Baltic Sea have now started. They will be welded together on the seabed off the coast of Finland in a complex process expected to take about two weeks.
Energy sector, particularly oil and gas industry, is the key factor in the development of the national economy. Many upstream projects, including some major fields, run jointly with foreign partners and use foreign investment.
Oil&Gas Eurasia: What role does geosteering play in E&P? Can it boost technical and economic performance in the field?
Orlando Ramirez: Over the recent years, the existing structure of global oil&gas industry has increasingly come to rely on cutting-edge technologies in geophysics and exploration.
In 2006, TNK-BP management took a strategic decision to vastly increase the company’s Electric Submersible Pump Mean Time between Failures (ESP MTBF). At the time, TNK-BP had relatively low ESP MTBF, and so, as the largest operator of ESPs in all of Russia (95 percent of TNK-BP’s oil production utilizes ESP pumps) improving efficiency was crucial to emerge as a technology leader and to realize financial savings.
Abstract. It is desirable to estimate production from a reciprocating rod pumping system using the downhole pump as a meter. This paper evaluates a common procedure which calibrates inferred production using measured production data. It is shown that the traditional procedures for measuring and processing data from calibration periods can cause significant error in subsequent inferred production estimates. An improved method of data processing and analysis is proposed.
Late last year NOVATEK, a major gas producer, acquired a number of assets of interest to Gazprom, and Gazprom reduced its ownership in NOVATEK by half. It became clear who was in for a surprise: after six years of waiting, Total’s desire to acquire a stake in NOVATEK came true. In addition, the French energy company now has one more project in Russia – Yamal LNG.
Modern industrial facilities are usually complex technologic structures housing a wide range of equipment, technology and engineering systems and communications. Smooth and reliable operation of these structures is important in both economic and safety terms: safety of the company personnel, the locals, and the environment.
According to the International Energy Agency (EIA), the world will see an increase in oil consumption, which would require almost 50 percent oil production growth by 2025 . The increase in global oil consumption will be linked to environmental assessments of the nuclear power industry in aftermath of the tragedy in Japan. From this point of view, oil production in Russia is becoming increasingly important.
HOUSTON - The Russian Federation was honored as the "Country of the Year" as the 2011 Offshore Technology Conference (OTC) opened Monday in Houston. OTC is largest oil and gas gathering in the United States, last year drawing 73,000 visitors and 2,000 exhibitors from all over the world.
The decision as to how the BP-AAR dispute ends has effectively now been passed to the state. While the arbitration panel has cleared the way for TNK-BP to be brought into the Arctic deal in place of BP, state controlled Rosneft has previously said that it does not favour that. This week will likely see very intense negotiations between all parties with a view to concluding a deal ahead of the May 16th deadline. While the Prime Minister’s spokesman has previously said that the state is not involved, that will surely now change. It is inconceivable that the resolution of such an important deal in the country’s mote important strategic sector will not be overseen by the Prime Minister’s office.