Author Archives: admin

Schlumberger introduces rigless formation evaluation, monitoring for any reservoir

OKLAHOMA CITY — Schlumberger today introduced the Pulsar multi-function spectroscopy service at the SPWLA 58th Annual Symposium. The new service provides the industry’s first complete cased hole formation evaluation and reservoir saturation monitoring with openhole logging quality. This next generation in pulsed neutron logging features multiple detectors and a high-output pulsed neutron generator to significantly improve acquisition accuracy and increase ...

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Statoil reports more research on CO2 reduction and digitalization

STAVANGER — Statoil’s new technology strategy intensifies the company’s research on CO2 reduction and digital solutions. “Statoil wants to be in the forefront of the development in the oil and gas industry. Technology and innovation are vital to finding more resources and developing projects, while at the same time reducing costs and CO2 emissions,” says Margareth Øvrum, executive V.P. for ...

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Expert Warns against Delays in Signing Oil Deals

TEHRAN, June 17 (Shana) — An expert in international relations and technology says any delays in signature of oil deals will be detrimental to the country. According to IRNA, Mansour Bazmi, deputy head of the technology and international relations department of the Research Center of Petroleum Industry (RIPI), said delays would incur losses on the country as its neighbors spare ...

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Iraq’s 2017 target for oil expansion within reach, Wood Mac says

LONDON (Bloomberg) — Iraq’s ambition to boost oil-output capacity to a record 5 MMbpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie Ltd. said. Iraq, which has been rehabilitating its oil industry after years of conflict, has vowed to keep expanding capacity while respecting an Organization of Petroleum Exporting Countries’ accord ...

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Schlumberger, Seitel partner in new 2D multi-client reimaging program onshore Mexico

QUEENSLAND, Australia — Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands. The production test was undertaken to assess reservoir productivity and recover hydrocarbon samples over the gas saturated Toro Sandstone interval, between 3,968 m to 4,065 m. The well flowed gas and condensate at a rate of ...

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Exxon Mobil to proceed with Liza oil development, offshore Guyana

IRVING, Texas –Exxon Mobil has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet of high-quality, oil-bearing sandstone reservoirs, which will underpin a ...

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