It is Proposed to Expand the Classification of TRIZs (Unconventional)
Surgutneftegaz believes that the current system does not take into account current economic and geological conditions. The classification of hard-to-recover oil reserves needs to be expanded in legislation. Today, measures of state support for the development of HRDs cover an insignificant part of the “difficult” oil. This is stated in …
Weatherford and Schlumberger: Form OneStim Joint Venture
Weatherford and Schlumberger today announced an agreement to create OneStimSM, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. The joint venture will offer one of the broadest multistage completions portfolios in the market combined …
Domanik Oil AS: A Statoil Rosneft JV has Started Pilot Drilling Operations
The joint venture of PJSC “NC” Rosneft “and Statoil ASA – Domanik Oil AS (the share of” Rosneft “- 51%,’s Statoil – 49%), start drilling the first well in the framework of the exploration work on the study of hard hydrocarbon reserves Domanik deposits in the Samara region. During the …
Gazprom Neft: First Project Studying The Bazhenov Formation at the Vyngayakhinskoye Field
Gazprom Neft has begun investigating reserves at the Bazhenov formation* at Vyngayakhinskoye field, Yamalo-Nenets Autonomous Okrug (a project currently being implemented by Gazpromneft-Muravlenko). Marking the company’s first foray into the investigation of unconventional reserves (a category that includes the Bazhenov formation) Gazprom Neft has, hitherto, been concentrating on identifying the …
Gazprom Neft: Begins First Project On Studying The Bazhenov Formation
Gazprom Neft has begun investigating reserves at the Bazhenov formation* at Vyngayakhinskoye field, Yamalo-Nenets Autonomous Okrug (a project currently being implemented by Gazpromneft-Muravlenko). Marking the company’s first foray into the investigation of unconventional reserves (a category that includes the Bazhenov formation) Gazprom Neft has, hitherto, been concentrating on identifying the …
Platts: Sanctions Not Affecting Russia As Deeply As Planned – Drilling Volumes Up Significantly
International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but …
Short-Term Well Operation (STWO) as Effective Method of Shale Oil Extraction
Kuzmichev N. P. Petroleum 21st Century LLC, Almetyevsk A surge in the production of shale oil in the United States over the past decade caused oversupply on the world oil market. Between 2005 and 2013, oil production rose from 5.18 million to 7.44 million barrels per day. In December 2014, …
GE and Statoil Collaboration Announces Winners of Inaugural Unconventional Open Innovation Challenge
GE and Statoil’s Sustainability Collaboration announced today the five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations. Five Winning Technologies Address Alternatives for Sand in Shale Development: Sand plays a critical role in shale development and the hydraulic fracturing process. …
Gazprom Neft Implements Technology Strategy for Development of Non-conventional Reserves
Sofiya Zorina Development of the Bazhenov formation is one of the key strategic objectives of Gazprom Neft in the medium term. Success in achieving this objective directly depends on the company’s technological development. In 2014 plans to develop non-conventional reserves which had been announced in Gazprom Neft some time …
Gazpromneft-Vostok: Drills Exploratory Well at the Achinsk, Tight, Hard to Recover, Field
The first exploratory well has been drilled at the Achinsk field (Tomsk Oblast, under development by Gazprom Neft subsidiary Gazpromneft-Vostok), part of a federal project to establish a regional testing ground to identify effective technologies for the development of hard-to-recover (“tight”) reserves. Operations, financed by Gazprom Neft, are also aimed at conducting a study of the unconventional hydrocarbon reserves of the Bazhenov formation. …