Accelerating oil and gas investment and reserves by design

2018 ◽  
Vol 58 (2) ◽  
pp. 557
Author(s):  
Barry A. Goldstein
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
South Australia ◽  
Land Access ◽  
Oil And Gas Exploration ◽  
Oil And Gas Producers ◽  
Crude Oil Prices ◽  
Exploration And Production ◽  
Oil And Gas Operations

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence (Adams 1770). Some people unfamiliar with upstream petroleum operations, some enterprises keen to sustain uncontested land use, and some people against the use of fossil fuels have and will voice opposition to land access for oil and gas exploration and production. Social and economic concerns have also arisen with Australian domestic gas prices tending towards parity with netbacks from liquefied natural gas (LNG) exports. No doubt, natural gas, LNG and crude-oil prices will vary with local-to-international supply-side and demand-side competition. Hence, well run Australian oil and gas producers deploy stress-tested exploration, delineation and development budgets. With these challenges in mind, successive governments in South Australia have implemented leading-practice legislation, regulation, policies and programs to simultaneously gain and sustain trust with the public and investors with regard to land access for trustworthy oil and gas operations. South Australia’s most recent initiatives to foster reserve growth through welcomed investment in responsible oil and gas operations include the following: a Roundtable for Oil and Gas; evergreen answers to frequently asked questions, grouped retention licences that accelerate investment in the best of play trends; the Plan for ACcelerating Exploration (PACE) Gas Program; and the Oil and Gas Royalty Return Program. Intended and actual outcomes from these initiatives are addressed in this extended abstract.

scholarly journals United States Environmental Laws and Exploration and Production Operations

1975 ◽  
Vol 13 (1) ◽  
pp. 1
Author(s):  
Henry R. White
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
National Environmental Policy Act ◽  
Gas Industry ◽  
Environmental Laws ◽  
Oil And Gas Exploration ◽  
Healthy Environment ◽  
Oil And Gas Producers ◽  
Exploration And Production ◽  
The Government

Concern for the protection of the environment has resulted in the creation of number of new U.S. statutes and regulations which have an important impact on American oil and gas exploration and production operations. The author provides brief historical survey of some of the legislation which provided foundation for laws enacted within the past few years. He discusses in some detail the National Environmental Policy Act provisions and concludes that they have been construc tive force for change, both in the government and the oil and gas industry. The author then provides an overview of various statutes and. regulations establishing guidelines to ensure clean air and water, which are of particular importance to oil and gas producers. In conclusion, the author stresses the importance of maintaining balance between the need for healthy environment and the need for an adequate supply of energy.

Introduction to automated health and safety risk identification and classification

2014 ◽  
Vol 54 (2) ◽  
pp. 484
Author(s):  
Joris Steeman
Keyword(s):  
Oil And Gas ◽  
Health And Safety ◽  
Injury Rate ◽  
Oil And Gas Industry ◽  
Risk Identification ◽  
Mitigation Strategies ◽  
Sources Of Information ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
Oil And Gas Operations

During the past decade, the major oil and gas players in Australia have put in significant effort to improve their performance on health and safety. With a strong focus on safety awareness of the workforce, the Australian oil and gas industry has been able to improve their health and safety performance, with leading indicators dropping significantly. From an international perspective, however, the total recordable injury rate in Australia is still more than two and half times higher than the total recordable injury rate among member of the International Oil and Gas Producers Association. This extended abstract introduces a new method to identifying and classifying risk and risk levels within oil and gas exploration and production operations based on the results from a trial project at an Australian LNG producer. This risk identification should be done in addition to the existing health and safety approaches. Nowadays, the workers in oil and gas operations use computer systems for managing their work, from isolations and permits to job hazard analyses. The equipment used in oil and gas exploration and production is producing large volumes of data. And external sources of information, such as the BoM, provide context on the conditions in which work is performed. Bringing these sources of data together and using automated statistical tools to identify and classify risk created a new perspective on the risk profile of activities of oil and gas operations. This enables organisations to pinpoint their risk-mitigation strategies where it will really make a difference.

scholarly journals Oil and Gas Industry Financing

1969 ◽  
Vol 7 (3) ◽  
pp. 465
Author(s):  
C. A. Rae
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
Oil And Natural Gas ◽  
The Common ◽  
Marketing Operations

The demand for crude oil and natural gas is constantly increasing. To keep up with this demand the oil and gas industry must spend vast sums of. money· to find new petroleum deposits to replenish the depleted reserves. Conventional financing techniques are used to finance the transportation, refining and marketing operations of the oil and gas industry, but the financing of oil and gas exploration and production requires special techniques. This paper discusses the common methods of financing the production end of the Canadian oil and gas industry.

Stability of offshore structures in shallow water depth

2011 ◽  
Vol 2 (2) ◽  
pp. 320-333
Author(s):  
F. Van den Abeele ◽  
J. Vande Voorde
Keyword(s):  
Shallow Water ◽  
Water Depth ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Structural Response ◽  
Offshore Structures ◽  
Exploration And Production ◽  
Subsea Pipelines ◽  
Wave Induced ◽  
Shallow Water Depth

The worldwide demand for energy, and in particular fossil fuels, keeps pushing the boundaries of offshoreengineering. Oil and gas majors are conducting their exploration and production activities in remotelocations and water depths exceeding 3000 meters. Such challenging conditions call for enhancedengineering techniques to cope with the risks of collapse, fatigue and pressure containment.On the other hand, offshore structures in shallow water depth (up to 100 meter) require a different anddedicated approach. Such structures are less prone to unstable collapse, but are often subjected to higherflow velocities, induced by both tides and waves. In this paper, numerical tools and utilities to study thestability of offshore structures in shallow water depth are reviewed, and three case studies are provided.First, the Coupled Eulerian Lagrangian (CEL) approach is demonstrated to combine the effects of fluid flowon the structural response of offshore structures. This approach is used to predict fluid flow aroundsubmersible platforms and jack-up rigs.Then, a Computational Fluid Dynamics (CFD) analysis is performed to calculate the turbulent Von Karmanstreet in the wake of subsea structures. At higher Reynolds numbers, this turbulent flow can give rise tovortex shedding and hence cyclic loading. Fluid structure interaction is applied to investigate the dynamicsof submarine risers, and evaluate the susceptibility of vortex induced vibrations.As a third case study, a hydrodynamic analysis is conducted to assess the combined effects of steadycurrent and oscillatory wave-induced flow on submerged structures. At the end of this paper, such ananalysis is performed to calculate drag, lift and inertia forces on partially buried subsea pipelines.

scholarly journals Analisis Curse Theory pada Sumber Daya Alam Migas Bagi Warga Madura

2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Community Empowerment ◽  
Government Programs ◽  
Oil And Gas Production ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
State Income ◽  
The Government ◽  
Oil And Gas Sector

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.

scholarly journals Fluid pressure waves trigger earthquakes

2015 ◽  
Vol 200 (3) ◽  
pp. 1279-1283 ◽  
Author(s):  
Francesco Mulargia ◽  
Andrea Bizzarri
Keyword(s):  
Oil And Gas ◽  
Nonlinear Partial Differential Equation ◽  
Active Faults ◽  
Fluid Pressure ◽  
Rock Joints ◽  
Pressure Waves ◽  
Earthquake Triggering ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
Von Mises

Abstract Fluids—essentially meteoric water—are present everywhere in the Earth's crust, occasionally also with pressures higher than hydrostatic due to the tectonic strain imposed on impermeable undrained layers, to the impoundment of artificial lakes or to the forced injections required by oil and gas exploration and production. Experimental evidence suggests that such fluids flow along preferred paths of high diffusivity, provided by rock joints and faults. Studying the coupled poroelastic problem, we find that such flow is ruled by a nonlinear partial differential equation amenable to a Barenblatt-type solution, implying that it takes place in form of solitary pressure waves propagating at a velocity which decreases with time as v ∝ t [1/(n − 1) − 1] with n ≳ 7. According to Tresca-Von Mises criterion, these waves appear to play a major role in earthquake triggering, being also capable to account for aftershock delay without any further assumption. The measure of stress and fluid pressure inside active faults may therefore provide direct information about fault potential instability.

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