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Rigorous risk assessment, data-driven approach among keys to success in SIMOPS operations offshore Nigeria

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To drill a gas-injector well that would support two high-rate producing wells on the Agbami field offshore Nigeria, Chevron and Pacific Drilling decided to conduct two close-proximity SIMOPS drilling and completion operations. More than 80 million barrels of incremental production stood to be gained, but risks had to be identified and mitigated. “One of the things that we agreed upon early was to make data-driven decisions,” Jimmy Jeansonne, Operations Manager Drilling & Completions Operations for Chevron, said in a presentation at the 2016 IADC Drilling Africa Conference in Cape Town, South Africa, on 16 February. He cited this data- and information-driven approach to decision making as one of the critical factors that led to the project’s success.

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Under Operation Phakisa, South Africa hopes to drill 30 exploration wells in next decade

saogaTN

After holding the IADC Drilling Africa Conference in cities such as Paris and Lisbon in previous years, this year IADC took the event to the African continent – in Cape Town, South Africa. Oil and gas drilling is only just starting to take off in this country, but it already stands at the threshold of extensive E&P activities in the next few years, Mthozami Xiphu, Chairman of the South African Oil and Gas Alliance (SAOGA), said in a keynote address at 2016 IADC Drilling Africa on 15 February.

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ExxonMobil replaced 67% of production in 2015

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ExxonMobil announced that it added 1 billion oil-equivalent barrels (BOE) of proved oil and gas reserves in 2015, replacing 67% of production, including a 219% replacement ratio for crude oil and other liquids. At year-end 2015, ExxonMobil’s proved reserves totaled 24.8 billion BOE. Liquids represented 59% of proved reserves, up from 54% in 2014. ExxonMobil’s reserves life at current production rates is 16 years. In 2015, reserves were added in Abu Dhabi, Canada, Kazakhstan and Angola. Liquid additions during 2015 totaled 1.9 billion bbl. Natural gas proved reserves were reduced by 834 million BOE, primarily in the United States, reflecting the change in natural gas prices. The company expects this gas to be developed and booked as proved reserves in ...

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BP, Oman extend license to develop second phase of Khazzan tight gas field

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BP and Oman Oil signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the license area of the block and enabling a further development of the major Khazzan tight gas field. BP is the operator of Block 61 with a 60% interest and Oman Oil holds the other 40%.

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