4Q 2019 Earnings - MRO, AR, NBL, PDS, DO, NOV, AM, NBLX, DCP, E&P Super Model 2.0, MRO Case Study, Valaris fleet status report and more
Understanding origin and distribution of natural fault- and fracture patterns in unconventional reservoirs is critical for successful exploration and production. In order to validate tectonic versus non-tectonic origin, influence of pre-existing deformation and fracture distribution, we use cumulative strain as a modeling proxy in a pilot study from the Niobrara FM., DJ Basin, CO.
We all agree that an accurate and viable geologic interpretation is critical for all exploration workflows. Nevertheless, validation through balancing and restoration techniques is undervalued with often significant consequences for project outcomes. Here is why we should balance and how.
4Q 2019 Earnings - COP, NOV, PTEN, HP, CLB, PAA, MR 2020 guidance, COG update and NE Fleet Status Report
4Q 2019 Earnings - CVX, XOM, HES, CNX, HCR, CLB, RES, MMP, CNXM, EPD, Company updates - CNXM, OMP, HES, CHK, OVV and OAS
PE Update, E&P STM, 4Q2019 Earnings - OIS, BKR, HAL, SLB, Initiating coverage of Williams Companies
This report contains an exploration review of Colorado Basin, located in southeastern Argentina, it has onshore and most extensive offshore sections with more than 125000 Km2 of total extension. The basin has more than 70 years of exploration history, with a few wells drilled, one of them recovered 39º API Oil from Early Cretaceous Syn-rift sandstone. Three main plays were identified, with high exploration potential: Rift Margin Play, Continental Slope Play, and Thrust belt play.
This presentation discusses the economic and technical aspects of developing conventional versus unconventional projects. Why oil firms should take on some conventional projects rather than only unconventional opportunities. In Senegal -SNE project we use as an example to explain capital efficiencies and resource assessment approach that allowed co-ventures to proceed to FID. Permian basin development approach to identify sweet spots and enabling technologies to reduce overall development cost. This material was originally presented for Actus Veritas Geoscience in a mini-conference 2017.
Welcome to the 2020's, 4Q19 OFS Earnings Preview, SLB Earnings, Floater day-rate momentum may stall, ENLK 2020 guidance, EPD update and more
This course describes how to model overburden, fracture and pore pressures, and related in-situ stress field. Mechanisms of geo-pressure generation will be discussed, and how they impact hydrocarbon generation, and more importantly, how to define a safe well planning to mitigate the occurrence of adverse drilling events.
After five years of inactivity, cost management, and budget reduction, companies are now looking for growth opportunities in exploration and production during the low oil price environment. These Opportunities are to be found in a highly volatile business environment. In this presentation, we will discuss our proposal on how to address opportunities, data, risks, uncertainties, and dependencies to be managed during the selection of the best decision. This material was originally presented for Actus Veritas Geoscience in annual mini-conference 2017
Located in southwestern Argentina, it covers around 15000 Km2, with more than 10.000 ft. thickness in the depocenters. The basin has more than 100 years of exploration history started with the exploitation of 10 barrels a day from 4 wells in “Arroyo de La Mina” oil seepage. This report summarizes the new exploration ideas, based on geochemical data and outcrops description that allows the existence of a hypothetical new petroleum system. This idea generates high exploration potential in undrilled deep sections of big structures.
In 2019 Oil and Gas corporations were still focused on optimization of the individual processes often without shared value across the organizations. The digital era continues to generate large volumes of data which consists of both- noise and valid information. I think the key question for 2020 is-"How one can separate the information from the noise and make valid decisions?" and therefore, the question of the proper balance between digital and human capabilities in the decision-making process is still open in 2020
Definitions and keywords for Competency, Skills, Artificial intelligence, Machine learning, and Employability Skills. Here are links to two references for applications and practical use of artificial intelligence (AI) and machine learning (ML). Examples (2), quite important for sport-liking people, are shown like the skills, the technologies, and results on MLB games, where the key to success is human passion. This work was presented at VAPA Venezuelan American Petroleum Association, November 2019.
E&P survey, Warm winter to date, CVX estimates, APA and TOT discovery, FANG 4Q19 production update, RRC 2020 outlook, Strengths and flaws in reserve reporting, XOM, SPN, CLB and WES updates
Report about the 50th anniversary of the first publication about a giant accumulation of heavy oil in the Eastern Venezuela Basin. The Venezuelan geologists Jose A. Galavis and Hugo Velarde presented and published their work "Geological Study and Preliminary Evaluation of Potential Reserves of Heavy Oil of the Orinoco Tar Belt, Eastern Venezuela Basin", at the 7th World Petrol. Congress, Mexico, 1967. The Orinoco Tar Belt was defined as the zone about 600 kilometers long [365 miles] and 53 kilometers wide [31 miles], with a volume of heavy oil "in situ" estimated at 693 x 10^9 barrels.
XOM 4Q pre-release, CXO, FANG, PE and PXD meeting recaps, APA and TOT JV in Surinam, HES and XOM Liza start-up, TRGP meeting recap
This catalog describes our unique business model and learning approach and lists all our services from our modular inhouse courses and programs to our public courses, coaching, consulting and support.
GPOR asset sales, NBL Leviathan update, Initiating CVX coverage, DVN exists Barnett, GDP 2020 guidance, WPX acquisition of Felix Energy, SPNV creative debt management, Initiating coverage of OKE, Enabling digital transformation.
The Northeastern South American margin is defined by Eastern Venezuelan and Guyana Basins bound to the south by the Guayana Shield and Demerara Plateau. The Margin is emerging as a potential major petroleum province with recent discoveries made in the new play types in Guyana basin with a prolific Cenomanian-Turonian source rock and mostly clastic reservoirs of Cretaceous age. Hydrocarbon production from mostly clastic reservoirs exists in the Eastern Venezuelan Basin onshore for more than 100 years but there was no recent exploration activity offshore.
There is so much talk about building new Silicon Valley in Houston but I think there is very little understanding of what it really is and what should be built in Houston.
Presented at First HGS/EAGE Conference on Latin America, November 2019 The existing perceptions of the offshore Uruguay petroleum system assessment may be challenged by an analysis of the failure modes of three exploration wells drilled in the basin. This is an underexplored basin with a poor exploration record. Arguably, the wells tested prospect-specific locations but left other plays of interest untested.
I think the biggest driver in oil price vulnerability is a human factor once again and people tend to overreact to the bad news. They do not take the time to take a step back and to look at a longer trend.
Steven Zobell in his article published by Forbes magazine in March of 2018 estimates that in 2018 enterprises will invest $1.3 trillion USD in Digital Transformation projects to “improve efficiencies, increase customer value and create new monetization opportunities”. In the same research, Steven analyses the reasons why 70% of these initiatives will not reach the objectives. AVGeo specialists were involved in digital workflow improvement projects in 2018 and would like to share our experiences and see if the predictions of Steve Zobell were correct.
In this presentation, I've discussed human cognitive learning while working with different sets of Big Data in Petroleum Exploration workflows. An effective reduction in the volumes of Big Data without information loss, AI in seismic interpretation and spatial analytics, and a visual aggregation of the single-threaded evaluations into a comprehensive multithreaded business decision are required for delivery of successful exploration programs
There is a renewed interest in exploration for oil and gas in deep and shallow waters of South Atlantic. The hopes are high especially with recent exploration success offshore Guyana and Mauritania. Delineation of the basins and mapping the extents of the pursued plays are two out of several critical components of the comprehensive geologic analysis and are fundamental to exploration success. During the last decade, deepwater drilling in South Atlantic proved multiple assumptions of the earlier geologic models of continent-ocean transition inadequate.
The New Year had started, and it's time to take an objective look at lessons learned in 2018, and the new opportunities ahead in 2019.
The purpose of this study is to provide a pore pressure prediction from seismic data targeting unconventional gas plays (i.e., the Qusaiba Member hot shale and the underlying Sarah Formation). The area of interest (AOI) located in NW Saudi Arabia, and is covered by 1,600 km2 of 3D pre-stack time migrated (PSTM) data. The resulting pore pressure maps for the Qusaiba Member hot shale and Sarah Formation highlight potential drilling hazards. Importantly, areas of higher pore pressure may ultimately represent potential areas of higher gas production (i.e., sweet spots).