Statistical Methods for Estimating Petroleum Resources

Author(s):  
P.J. Lee

This book describes procedures for determining the total hydrocarbon (petroleum) resource or resource potential in a region. Statistical concepts and methods employed in petroleum resource assessment are the subject of the manuscript, extensively illustrated by numerous real case studies. Prof. Lee's computer-aided Petroleum Information Management and Resource Evaluation System (PETRIMES) methodology has been adopted by governments around the world and by major multinational oil companies to perform resource assessment and to predict future oil and gas production. Though this methodology is so widely used, there is no "user's guide" to it, and this book will be the definitive resource for PETRIMES users.

2020 ◽  
Vol 58 (3) ◽  
pp. 397-424
Author(s):  
Jesse Salah Ovadia ◽  
Jasper Abembia Ayelazuno ◽  
James Van Alstine

ABSTRACTWith much fanfare, Ghana's Jubilee Oil Field was discovered in 2007 and began producing oil in 2010. In the six coastal districts nearest the offshore fields, expectations of oil-backed development have been raised. However, there is growing concern over what locals perceive to be negative impacts of oil and gas production. Based on field research conducted in 2010 and 2015 in the same communities in each district, this paper presents a longitudinal study of the impacts (real and perceived) of oil and gas production in Ghana. With few identifiable benefits beyond corporate social responsibility projects often disconnected from local development priorities, communities are growing angrier at their loss of livelihoods, increased social ills and dispossession from land and ocean. Assuming that others must be benefiting from the petroleum resources being extracted near their communities, there is growing frustration. High expectations, real and perceived grievances, and increasing social fragmentation threaten to lead to conflict and underdevelopment.


2012 ◽  
Vol 479-481 ◽  
pp. 1129-1132
Author(s):  
Wang Ming Bo

This paper gives an overview of erosion mechanisms in elbows in oil and gas production systems. The nature of the erosion process itself makes it very difficult to develop some definitive methods or models to prevent or predict the erosion in elbows in all conditions. This paper provides a review of the subject which will help petroleum engineers to handle the erosion problems in oil and gas industry. This review is given of different erosion mechanisms connected with sand erosion and the factors that influence them, and then the review goes on to look at particulate erosion in elbows in more details. Conclusions are then drawn based on the above analyses.


2018 ◽  
Vol 45 (5) ◽  
pp. 186-203 ◽  
Author(s):  
Maria Guadalupe Moog Rodrigues

The state of Rio de Janeiro has become a hub for oil and gas production and infrastructure since Brazil entered the global oil market in the 2000s. Observers have anticipated increasing tensions between environmental activists and oil companies. These predictions have not been fulfilled, despite increasing evidence of environmental degradation caused by oil production. What could be hindering environmental mobilization in defense of the environment and affected populations and against the unrestrained expansion of oil infrastructure in the state? A longitudinal case study of environmental activism in defense of the Guanabara Bay ecosystem suggests that answers must consider the combined effects of democratization, political and regulatory decentralization, and neoliberal reforms on socioenvironmental activism—specifically, its weakening as civil society organizations confront increasing burdens of participation in policy making, deeply fragmented institutional and regulatory frameworks for environmental governance, and the expansion of opportunities to engage in collaborative arrangements with corporations. O Estado do Rio de Janeiro tornou-se o centro da infraestrutura e produção de gás e petróleo desde que o Brasil ingressou no mercado internacional de petróleo nos anos 2000. Analistas vêm antecipando crescente tensão entre ativistas ambientais e companhias petrolíferas. Contudo, essas previsões não se concretizaram, não obstante evidência da degradação ambiental que a produção de petróleo vem causando. O que poderia estar impedindo a mobilização em defesa do meio ambiente e populações afetadas, e contra a expansão desmedida da infraestrutura petrolífera no estado? Um estudo de caso longitudinal do ativismo ambiental em defesa dos ecossistemas da Baía de Guanabara sugere que as repostas a essa questão devem considerar os efeitos combinados da democratização, descentralização política e regulatória, e reformas neoliberais no ativismo socioambiental—especificamente, seu enfraquecimento à medida que organizações da sociedade civil confrontam crescentes custos de participação nas políticas públicas, fragmentação de arcabouços regulatórios e institucionais de governança ambiental, e a expansão de oportunidades de engajamento em arranjos colaborativos com corporações.


2021 ◽  
Vol 43 (4) ◽  
pp. 476-485
Author(s):  
S. S. Timofeeva ◽  
N. A. Popova

The oil and gas industry belongs to the high risk activity. Today, the enterprises engaged in this field including oil and gas production facilities implement a risk-based approach, which involves the identification of risk criteria and risk categories, timely reassessment of risks based on updated and formed normative legal documents. In this regard, the purpose of this research is the analysis of the management system of occupational hazards and measures to minimize them using innovations and innovative solutions at the oil and gas production facilities in the Irkutsk region of the Russian Federation. The object of the study is working conditions and occupational hazards at the oil and gas production facilities of two leading oil companies of the Irkutsk region: they are the Irkutsk branch of Gazprom Bureniye LLC and the Irkutsk branch of RN-Bureniye LLC. As a result possible reasons for the discrepancy between the physical factors of the working environment of oil industry workers when pеrforming works on oil rigs are analyzed. Professional risks having been assessed, a register of high-risk professions and hazardous areas of technological processes under the operation of oil and gas drilling rigs has been compiled. The professions studied in this paper are classified as high-risk and medium-risk ones. It is found out that the negative effects of moving machines and mechanisms, general vibration, local vibration, noise, low air temperatures in winter are unacceptable. To minimize unacceptable risks, it is proposed to introduce a low-cost technology for visualizing hazardous areas on a drilling rig with the installation of proven innovative safety barriers in addition to the related training of employees.


2021 ◽  
Vol 25 (spe) ◽  
pp. 1-25
Author(s):  
Fo Nyemutu Roberts

This article interrogates engendering access to environmental justice in Nigeria's oil producing areas and its connection with poverty and disempowerment of women. Women already suffer from the fact that access to justice for the vast majority of Nigerians is challenging and restrictive. It is discriminatory against women. Access to environmental justice is, therefore, an additional burden on them, and of significant concern to the people in the country's oil producing Niger Delta region. Militant youths, women and communities have protested in diverse forms against the injustice they suffer as a result of oil and gas production in the region. However, the Nigerian State has often responded with brutal repression resulting in deepening environmental insult in the region. The oil producing areas, therefore, suffer a triple jeopardy. First, access to justice remains a huge challenge for the people, including women. Secondly, there is the additional burden that they have to struggle for environmental justice against a State and international oil companies that are complicit in the adverse environmental desiderata, a disproportionate brunt of which is borne by women who, however, occupy an auxiliary position in the struggle. Thirdly, where there is policy intervention by way of environmental "clean up" projects, such interventions hardly face up to the need to involve women in developing and implementing key policies, which means that important issues for women are ignored and women continue to suffer substantive environmental injustice.


2015 ◽  
Vol 2015 ◽  
pp. 1-13 ◽  
Author(s):  
Bartlomiej Bielecki ◽  
Andrzej Krajka

To predict physical properties in a wellbore during oil and gas production, scientists use empirical correlations or mechanistic approach algorithms. The typical research in this field is concentrated on a single property analysis as heat transfer, pressure, temperature, and so forth. Here the most proper correlations, regarding the subject, are presented. And the authors studied how to join all correlations into the full framework which returns all production parameters at every depth in a wellbore. Additionally, the presented simulation results are studied here. Based on presented algorithms, the proper tool has been applied and the results shown in this paper are taken from this application.


1969 ◽  
pp. 347
Author(s):  
Mikis Manolis

This article examines and describes the regulatory framework governing the production of oil and gas in the Nova Scotia offshore. Specific attention is given to the ecological dangers posed by operational discharges into the marine environment by the oil and gas industry. The regulation of operational discharges under the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act and the role of guidelines in this regard is discussed. It is argued that the attempted use of guidelines by the Canada-Nova Scotia Offshore Petroleum Board to impose binding requirements on operators is beyond its statutory authority. The administrative problems associated with these "mandatory" guidelines are also discussed.


2014 ◽  
Vol 962-965 ◽  
pp. 1900-1903
Author(s):  
Ai Ling Wang ◽  
Jiao Wang

As the subject of oil and gas production, reservoir management is the oil production plant’s core business. But at present, there are some problems in reservoir management. For example: the development and management unit is not clear; the organizational structure is not streamlining; management mechanism is not perfect; evaluation is not systematic and so on. So, the oil production plant should focus on those four aspects to explore reservoir management---“unified the ground and underground, clear the input-output” “flattened the management layers, specialized functions structure” “market-oriented economy development, optimize the production process” “long-efficiency business goal , comprehensive evaluation of analysis”


2020 ◽  
Vol 19 (1-2) ◽  
pp. 181-200
Author(s):  
Ifeanyi Ezeonu

Abstract Petroleum exploration activities started in Nigeria’s Niger Delta in the early twentieth century as part of the expansive process of primitive accumulation instituted by the British colonial administration to advance its economic interest. Since petroleum resources were discovered in commercial quantities in the region in 1956, transnational extraction corporations (including Shell, Chevron, and ExxonMobil) in collaboration with the emergent domestic compradors have plundered the resource wealth. While decades of crude oil and gas production in the region have enormously enriched the captors of the petroleum industry, the host communities have suffered debilitating economic and health consequences. This article discusses the public health challenges resulting from this predatory political economy, along the lines of a bourgeoning body of literature that conceptualizes preventable market-driven harms as criminal.


2021 ◽  
Vol 26 (2) ◽  
pp. 170-194
Author(s):  
Oleg V. SHIMKO

Subject. The article investigates ratios of market capitalization to production and proven reserves held by the twenty five major public oil and gas corporations within 2008 through 2018. Objectives. I trace key trends in ratios of market capitalization to production and proven reserves in major public oil and gas corporations. The article also determines what caused such transformation for the analyzable period and indicates whether such multipliers are applicable to business valuations in the oil and gas sector. Methods. I use methods of comparative, financial and economic analysis, and summarize materials of financial statements. Results. The analyzable multipliers were found to be applicable to business valuation of oil and gas corporations. If a company has oil refining and petrochemisry segments in its architecture, it will have a favorable effect on ratios. The company will also benefit if its profitability is higher than that of competitors. National companies and their indicators are seen to be influenced by the country factor, which should be taken into account for purposes of business valuation. Ratios depend on the availability of proven reserves. This aspect influences the multiplier of ratio of market capitalization to proven reserves. Therefore, it is advisable in case of similar proven reserves in comparable companies. Hence, it is more preferable to use the multiplier of the ratio of market capitalization to production. Conclusions and Relevance. It is acceptable to use the multiplier with reference to the information on production even if the profitability goes down and the debt burden increases in the listed sector of the global oil and gas industry, while the ratio based on proven reserves is more reasonable as an auxiliary indicator. The findings can be used to appraise the possible value of oil and gas assets as part of the comparable approach. They can also underlie measures for raising the market capitalization of public oil and gas companies.


Sign in / Sign up

Export Citation Format

Share Document