At the end of 1997, with the Asian economic crisis unfolding and the Organization of Petroleum Exporting Countries raising production at its now infamous Dec. 1 meeting, some industry observers claimed that OPEC was out of touch, if not moribund.
After nearly 20 years of steadily eliminating jobs, upstream producers and service companies may not have the manpower to supply the world's growing demand for oil and gas, says John S. Herold Inc. in a new industry study.
Oil fields with over 100 million bbl of ultimate recovery-cumulative production plus remaining reserves-are considered giants, the gleam in the eye of any explorationist. These fields account for only 362 of the more than 31,000 oil fields of all sizes in the US.
In more than 250 horizontal wells in the Dukhan field, Qatar, the use of a thin, nondamaging XC-polymer mud system provided a more-efficient and economical system than using a thick nondamaging polymer mud system.
Since acquiring Tengiz oil field in West Kazakhstan in 1993, the Tengizchevroil (TCO) partnership has undertaken several capital investment programs and expansions that have resulted in a steady rise in crude oil production to 9.6 million tonnes per year (tpy; 220,000 boed) in 1999 from 1.5 million tpy in 1993.
A new range of three screw, positive displacement, high pressure series pumps is designed for handling liquids with little or no lubricating properties, liquids that are corrosive or that contain abrasives.