Maximizing Asset Value of Mature Offshore Gas Field through Proactive Reservoir Surveillances and Implementation of Structurally Production Optimization Efforts

Yusuf Alfyan Praditya, Medianestrian, Andi A. Wibowo, Budiyono

Indonesian Petroleum Association

... to 311 MMscfd from 22 opportunities and provide additional hundred millions USD potential revenue against current field production baseline. INTRODUCTION...

Exploration: A Misunderstood Business: Chapter 4: Part I. Overview of the Business

John Lohrenz

AAPG Special Volumes

... Brown, K. C., 1989, Reserves and reserve production ratios in imperfect markets: The Energy Journal, v. 10, n. 2 (April), p. 177-186. Drollas, L. P...

Abstract: Characterizing Faults and Predicting Seal Behavior from Kuparuk Field, Alaska, by R. W. Krantz and D. Van Nostrand; #90090 (2009).

Search and Discovery.com

Time-lapse Seismic and Real Options: New Measures are Required to Show Value Creation; #90017 (2003)

Tore Håkon Hanssen, Eivind Bakken, Lars Håkon Nordby

Search and Discovery.com

... approximately 8 MMbbl of oil reserves (Fig. 8). Preparing for late-life operations Unlike the primary development wells and previous in-fill wells, A-30...

Economics of Property Acquisitions: Part 2. Economics and Risk Assessment

Peter R. Rose

AAPG Special Volumes

... recovery and in-fill programs are contemplated. If the property is also perceived as having exploration potential, geological uncertainties (reserves...

Myanmar Oil and Gas Exploration, Delayed but not Forgotten

Thomas L. Davis

GEO ExPro Magazine

... that the country has significant potential for proving additional reserves of oil and gas. In addition, there is a range of enhanced oil recovery opportunities, e.g....

Studies of United Kingdom Continental Shelf fields after a decade of production: How does production data affect the estimation of subsurface uncertainty?

Pete Smith

AAPG Bulletin

... knowledge about the subsurface are proposed. Various subsurface uncertainties were systematically underestimated (e.g., compartmentalization) originally...

Exploration and Appraisal Technology: Maximising Rewards by Integration

M. F. S. Petch, M. J. Pink

Indonesian Petroleum Association

... and thus reduce the costs of finding and developing hydrocarbon reserves. Current single component seismic only makes use of a portion of the wave field...

Keynote Address: Government Energy Policy: The Implications of Uncertainty

M. A. Cohen

CSPG Special Publications

... regarding the resource base, the rate at which resources can be developed, and the costs of this development. Unfortunately, the information...

Analysis of Potential Uncertainties in Opening-Mode Fractures Characterization through the Scanline Technique of Aptian Carbonates, Araripe Basin, Northeast Brasil; #10830 (2016)

Rafael Santos, Tiago Miranda, Antonio Barbosa, Igor Gomes, Gabriel Matos, Virginio Neumann, Leonardo Guimaraes, Julia Gale

Search and Discovery.com

...Analysis of Potential Uncertainties in Opening-Mode Fractures Characterization through the Scanline Technique of Aptian Carbonates, Araripe Basin...

Contemporary Challenges in Unitization and Equity Redetermination of Petroleum Accumulations

Paul F. Worthington

Indonesian Petroleum Association

.... The rationale is that the costs of unitization and any subsequent redeterminations of equity will be subordinate to the enhanced production and thence...

Oil Development Strategy in an Uncertain Market

J. M. Ausman

Southeast Asia Petroleum Exploration Society (SEAPEX)

... hole costs. Exploration-Producing Project Producible Reserves MM Bbls Required Oil Price to Recover Before-Tax Costs, 1985$/Bbl UK North Sea...

Streamlined Modeling and Simulation Approach to Evaluating Waterflood Potential in Ursa Princess Field, Mars Basin, U.S. Gulf of Mexico

Search and Discovery.com

It All Begins with People: Chapter 16: Part IV. Managing the Business

Marlan W. Downey

AAPG Special Volumes

... Brothers, 1989, Proved petroleum reserves of 30 large energy companies, 1981-88. Oct. End_of_Record - Last_Page 203------- Discussions about...

Deriving an Economic Model to Identify Emissions Reduction Opportunities in the Carbon Energy Business; #80146 (2011)

Jagdish P. N. Giri

Search and Discovery.com

... Portfolio, if they provide a homogenous product with minimal transactions costs. Uncertainties under CDM Credits make risk management tools very...

Assessing Reservoir Uncertainties and a Concept for Monitoring and Evaluating Pressure Tests - A Case History in Developing the Seturian Tight Gas Field

Ari Yuliraharjo

Indonesian Petroleum Association

... understanding of the key uncertainty; as a result, uncertainties on key parameters impacting reservoir performance can be mitigated. Planning of well...

Future Energy Invulnerability: Free Enterprise Fact or Federal Fiction

T. W. Rollins

AAPG Special Volumes

... in the United States. Profit margins, the difference between the price received and the costs of finding, developing and producing reserves, were...

Electric Utilities' Stake in Applied Coal Geoscience: ABSTRACT

Jeremy Platt

AAPG Bulletin

... of Appalachian low-sulfur coal are critical unresolved questions. Uncertainties in resources in-place are compounded by uncertainties in recoverability...

Evaluation of the Benefit of Optionality in Petroleum Investment Performance Under Price Uncertainty „ Delaware Basin Case Study

Benjamin Waters, Dilhan Ilk

Unconventional Resources Technology Conference (URTEC)

... to capture additional revenue in high price environments and reduce costs in low price environments demonstrate the value of optionality...

Managing the Future

Halfdan Carstens

GEO ExPro Magazine

... when producing oil and gas. Maximizing reserves © Scandpower Petroleum Technology The company is growing, and it’s growing fast. Dag Terje Rian...

Intelligent Well System (IWS) Selections Optimizes a Multi Layer Gas Reservoir Development Plan, Bawal Field, Natuna Sea

Imaduddin Kartoatmodjo, Agung Ertanto, Lukman Hidayat, Irene Sihombing, Sugiharto Danudjaja, Retno Wijayanti, Ludy Andria

Indonesian Petroleum Association

... led to the primary drivers for the optimum economic development to be maintaining low development costs, and a carefully optimized completion...

Development of the Clean Hydrogen Industry in Australia … A Regulatory and Fiscal Roadmap for the Fuel of the Future

James O’Reilly, Clare Pope, Amy Lomas

Australian Petroleum Production & Exploration Association (APPEA) Journal

... framework that allows it to benefit from the development of the hydrogen economy and secure its fair and reasonable share of revenue for its citizens...

Economic and Parametric Analysis Coalbed Methane: Chapter 17

Vello A. Kuuskraa, Charles M. Boyer II

AAPG Special Volumes

... natural gas and coalbed methane is made using three criteria--gas reserves per well, gas reserves per $1 million of investment, and finding costs per...

Eagle Ford Miscible Fluid Injection Pilot Project Evaluation and Economic Evaluation Under Different Utilization Ratios

Yiwen (Sophia) Gong, Timothy P. McMahon

Unconventional Resources Technology Conference (URTEC)

... have proven to be a cost-effective strategy to offset incremental drilling costs, which average around $1 million per well (Phinds, 2021). By late 2024...

Making Upstream Infrastructure Collaboration Happen

François Tibi, Warrick Lanagan, Whitney Merchant

Australian Petroleum Production & Exploration Association (APPEA) Journal

... infrastructure, which is suboptimal for costs. Major players, including Chevron and Woodside, have expressed interest in a more optimal, shared ownership...