Offshore Oil

Norway has produced 5.3 bcmoe, and has remaining proven recoverable reserves of 4.8 bcmoe, according to the latest resources review by the Norwegian Petroleum Directorate (NPD).

OTM Consulting and Douglas-Westwood have released the first edition of The Produced Water Gamechanger Report, which explores the options for managing produced water from offshore oil and gas production.

Norway’s Ministry of Petroleum and Energy has announced the APA 2010 licensing round, which consists of predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.

Nexen claims its 2009 global exploration program was among its most successful, leading to numerous substantial discoveries.

MEO Australia aims to drill an exploration well later this year on the giant Artemis prospect in Western Australian offshore permit WA-360-P.

Albert Einstein said: “Doing the same thing over and over again and expecting different results is insanity.” Is it not insanity to continue to use the same contractual language on high specification rigs as we have on the less complex rigs?

The ongoing push for more producible oil and gas reservoirs is leading the industry into greater offshore depths and harsher environments. Traditional design approaches to developing equipment and systems for shallower offshore wells often don’t work effectively in these deeper, harsher environments. How can petroleum and marine mechanical engineers move outside their traditional realm of experience to develop new designs that will improve drilling performance in these new challenging environments?