|
|
The third and final Geocontroversy debate at the 7th Petroleum Geology Conference last year centred on the future of one of the most mature hydrocarbon areas in the world, as delegates discussed the motion: ‘Is exploration in the North Sea finished?’
The Gas Exporting Countries Forum now totals 15 countries and 2 observers but is a long way from becoming like OPEC.
As GEOExPro celebrated its fifth birthday on two continents during both the AAPG/EAGE conferences held simultaneously in June 2009, the team was overwhelmed with support from readers and friends. Here is what a few of our readers had to say about our publication:
Video testimonials from readers
The 2007 Luno discovery in the North Sea, possibly with reserves in the range of several hundred million barrels of oil, was worth a prize presented at a recent petroleum geology conference.
The professional workforce in the hydrocarbon industry is aging and over half of today's workforce will retire within the next 10 years. This ‘brain gap' must be addressed before it is too late.
The International Year of Planet Earth 2007-2009
provides an unprecedented opportunity
for citizens of the Earth to learn more about
how our planet functions and to celebrate
the contributions made by earth sciences
to our society.
It’s about time to explore the offshore in more detail. That means the international oil
industry is now welcome to bid in the next licensing round closing in April.
The International Year of Planet Earth (IYPE) aims to capture people’s imagination with the
excitingknowledge
we possess about our planet, and to see that knowledge used more effectively
to make the Earth a safer, healthier, and wealthier place for our children and grandchildren.
Following a 25 year break, the Labrador Shelf offshore Canada is now again available
for licensing.
Statoil and North American Oil Sands Corporation (NAOSC) have entered into an agreement whereby Statoil will acquire all shares at a price of about USD 2 billion. Statoil will become operator and get access to large recoverable resources that will add to the company's production in about 4 years time.
“Both oil companies and
seismic companies are increasingly
more interested in accurate
positioning,” says Peder
Solheim, Managing Director
at Geograf. “With prospects
decreasing in size, and specific
reservoir targets in development
drilling that are very small,
it is of utmost importance to
know the exact position of the
drilling targets.”
The past two years’ drilling in the UKCS has provided an average of over 800
MMboe (127 MMm3) in new or fallow appraised discoveries. There is good
reasonto
believe that this rate of potential reserves additions should continue.
The new
seismic company Eastern Echo is building 4
high-end 10 streamer seismic
vessels for delivery in 2008 and
2009 with the unique Ulstein XBow
® – a design that provides
an exceptionally
smooth ride
through rough sea.
The recent announcement of
the 24th UKCS Licensing Round
awards came at the end of
another record year for the UK
oil and gas industry. Over 700
million barrels of oil equivalent
(MMboe) were discovered in
2006.
In 1997 Paul Bathurst and Mark Groves Gidney, of the consultancy Exploration Geosciences Limited, were working in western Canada, using an atlas of hydrocarbon geology which they found invaluable in their consulting work.
The technological breakthroughs of the onwards from the early1990s have had enormous implications for the oil and gas exploration and production industry. New methods, changing work processes and an improved understanding of the subsurface have all contributed to new exploration arenas and increased oil recovery.
Inconsistent methods used in the well planning process can result in erroneous decisions that have significant impact on field economics. By using a generic decision support tool,well projects can be ranked and evaluated consistently to take all risks and uncertainties into account.
GeoPublishing, c/o NGU 7491-TRONDHEIM, NORWAY +47 73904090 / +47 90563595
